Billionaire Larry Robbins is the largest hedge fund backer of Flex Ltd. (NASDAQ:FLEX) with a total holdings of 39 million shares at the end of September. On A regulatory filing last week disclosed that Robbins discarded more than 2.5 million shares of Flex Ltd. (NASDAQ:FLEX), a design, engineering, and manufacturing solutions company, through January 3rd. Glenview Capital also sold 19% of its FLEX position during the third quarter.
Ownership Summary Table
| Name | Sole Voting Power | Shared Voting Power | Sole Dispositive Power | Shared Dispositive Power | Aggregate Amount Owned Power | Percent of Class |
|---|---|---|---|---|---|---|
| GLENVIEW CAPITAL MANAGEMENT | 0 | 36,428,016 | 0 | 36,428,016 | 36,428,016 | 6.75% |
| LARRY ROBBINS | 0 | 36,428,016 | 0 | 36,428,016 | 36,428,016 | 6.75% |

Copyright: bialasiewicz / 123RF Stock Photo
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Page 1 of 10 – SEC Filing
(Date of Event which Requires Filing of this Statement)
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Page 2 of 10 – SEC Filing
| CUSIP No. Y2573F102 | Page 2 of 10 Pages |
| 1. | Names of Reporting Persons. GLENVIEW CAPITAL MANAGEMENT, LLC | |||
| 2. | Check the Appropriate Box if a Member of a Group (a) [ ] (b) [ ] | |||
| 3. | SEC Use Only | |||
| 4. | Citizenship or Place of Organization Delaware | |||
| Number of Shares Beneficially Owned by Each Reporting Person With | 5. | Sole Voting Power | 0 | |
| 6. | Shared Voting Power | 36,428,016 | ||
| 7. | Sole Dispositive Power | 0 | ||
| 8. | Shared Dispositive Power | 36,428,016 | ||
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person 36,428,016 | |||
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | |||
| 11. | Percent of Class Represented by Amount in Row (9) 6.75% | |||
| 12. | Type of Reporting Person: OO | |||
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Page 3 of 10 – SEC Filing
| CUSIP No. Y2573F102 | Page 3 of 10 Pages |
| 1. | Names of Reporting Persons. LARRY ROBBINS | |||
| 2. | Check the Appropriate Box if a Member of a Group (a) [ ] (b) [ ] | |||
| 3. | SEC Use Only | |||
| 4. | Citizenship or Place of Organization United States of America | |||
| Number of Shares Beneficially Owned by Each Reporting Person With | 5. | Sole Voting Power | 0 | |
| 6. | Shared Voting Power | 36,428,016 | ||
| 7. | Sole Dispositive Power | 0 | ||
| 8. | Shared Dispositive Power | 36,428,016 | ||
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person 36,428,016 | |||
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | |||
| 11. | Percent of Class Represented by Amount in Row (9) 6.75% | |||
| 12. | Type of Reporting Person: IN, HC | |||
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Page 4 of 10 – SEC Filing
| Page 4 of 10 Pages |
| Item 1(a). | Name of Issuer: |
| Item 1(b). | Address of Issuer’s Principal Executive Offices: |
| Item 2(a). | Name of Person Filing: |
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Page 5 of 10 – SEC Filing
| Page 5 of 10 Pages |
| Item 2(b). | Address of Principal Business Office or, if None, Residence: |
| Item 2(c) | Citizenship: |
| Item 2(d). | Title of Class of Securities: |
| Item 2(e). | CUSIP Number: |
| Item 3. | If This Statement is Filed Pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), Check Whether the Person Filing is a: |
| Item 4(a) | Ownership: |
| Item 4(b) | Percent of Class: |
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Page 6 of 10 – SEC Filing
| Page 6 of 10 Pages |
| Item 4(c) | Number of Shares as to which such person has: |
| Glenview Capital Management and Mr. Robbins: | |
| (i) Sole power to vote or direct the vote: | 0 |
| (ii) Shared power to vote or direct the vote: | 36,428,016 |
| (iii) Sole power to dispose or direct the disposition of: | 0 |
| (iv) Shared power to dispose or direct the disposition of: | 36,428,016 |
| Item 5. | Ownership of Five Percent or Less of a Class: |
| Item 6. | Ownership of More than Five Percent on Behalf of Another Person |
| Item 7. | Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person: |
| Item 8. | Identification and Classification of Members of the Group: |
| Item 9. | Notice of Dissolution of Group: |
| Item 10. | Certification: |
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Page 7 of 10 – SEC Filing
| Page 7 of 10 Pages |
| GLENVIEW CAPITAL MANAGEMENT, LLC | |||
| By: | /s/ Mark J. Horowitz | ||
| Mark J. Horowitz President of Glenview Capital Management, LLC | |||
| LARRY ROBBINS | |||
| By: | /s/ Mark J. Horowitz | ||
| Mark J. Horowitz, attorney-in-fact for Larry Robbins | |||
| January 5, 2017 |
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Page 8 of 10 – SEC Filing
| Ex. | Page No. |
| A | Joint Filing Agreement | 9 |
| B | Power of Attorney | 10 |
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Page 9 of 10 – SEC Filing
| Page 9 of 10 Pages |
| GLENVIEW CAPITAL MANAGEMENT, LLC | |||
| By: | /s/ Mark J. Horowitz | ||
| Mark J. Horowitz President of Glenview Capital Management, LLC | |||
| LARRY ROBBINS | |||
| By: | /s/ Mark J. Horowitz | ||
| Mark J. Horowitz, attorney-in-fact for Larry Robbins | |||
| January 5, 2017 |
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Page 10 of 10 – SEC Filing
| Page 10 of 10 Pages |
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