Billionaire Jorge Paulo Lemann Acquired Stakes in These Companies: Charter Communications Inc. (CHTR), Royal Dutch Shell plc (ADR) (RDS.A) and More

3G Capital bought 500,000 shares of Reliance Steel & Aluminum Co (NYSE:RS) in the second quarter, which were worth $38.45 million at the end of the period. A total of 27 funds in our database held shares of Reliance Steel shares at the end of the June quarter, while the aggregate value of their holdings amounted to $482.25 million, representing 8.70% of the outstanding shares. Reliance Steel is scheduled to report its third-quarter results on October 20 and analysts expect Reliance Steel to post earnings of $1.32 per share on revenue of $2.23 billion.

Axalta Coating Systems Ltd (NYSE:AXTA) represented another new position in 3G Capital’s equity portfolio, containing 1.0 million shares worth $26.53 million. The number of funds long Axalta stood at 43 at the end of the second quarter, and the total value of their positions amounted to $2.16 billion and amassed 34.20% of the company’s float at the end of June. Axalta Coating Systems will report its earnings for the third quarter on October 26 and the consensus estimates include earnings of $0.32 per share and revenue of $1.01 billion.

In Turquoise Hill Resources Ltd. (NYSE:TRQ), 3G Capital reported ownership of 5.0 million shares valued at $16.9 million. A total of 20 funds tracked by Insider Monkey were long Turquoise Hill at the end of the June quarter, up by one over the quarter, while the total value of their holdings advanced to $545.38 million from $403.11 million. In August, Turquoise Hill Resources reported better-than-expected results for the second quarter, with earnings of $0.01 per share, beating the consensus forecast by $0.02 and revenue of $329.7 million, topping the estimates by $13.57 million.

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