Didn’t Go to Harvard? At Least You Can See What They’re Buying

Number four is Teavana Holdings, Inc. (NYSE:TEA), yet another new position at 2.4 million shares and another acquisition, this time by Starbucks Corporation (NASDAQ:SBUX) for $620 million. The pairing of the tea-seller and coffee behemoth seems as natural as if Nike bought sock-maker Hanes. Given recent acquisitions by Starbucks Corporation (NASDAQ:SBUX) for bakery chain La Boulange and juice maker Evolution, it seems obvious that Starbucks Corporation (NASDAQ:SBUX) is branching out from just coffee. For shareholders of Teavana Holdings, Inc. (NYSE:TEA), the deal gives then $15.50 in cash for each share.

Last but not least, at 3.57% of the Harvard portfolio is Hudson City Bancorp, Inc. (NASDAQ:HCBK).  The stock has traded in a fairly narrow range since the start of the year, but has still managed to hold onto last summer’s rally following the announcement that Hudson City Bancorp, Inc. (NASDAQ:HCBK) will merge with M&T Bank Corporation (NYSE:MTB). Under the terms of the deal, each Hudson City Bancorp, Inc. (NASDAQ:HCBK) share will receive consideration valued at 0.084 of an M&T share in either cash or stock.  Hudson City Bancorp, Inc. (NASDAQ:HCBK) last traded at $8.51, while M&T Bank was last trading almost $1 higher at $101.73.

Jane Medillo clearly has a knack for finding companies that are ripe for buy-outs and mergers, which has added considerably to Harvard Management’s net worth. Of the top five stocks in the portfolio, four have been bought out or merged during the first quarter of 2013 and three were new additions to the fund.  Looking at the other positions in the fund, there are at least three others than are either buyout candidates (Kayak Software Corp. (NASDAQ:KYAK) by Priceline.com Inc (NASDAQ:PCLN)) or have already been purchased, like Epoch by TD Bank, and Spartech Corporation (NYSE:SEH) by PolyOne Corporation (NYSE:POL).

Because of Medillo’s track record, retail investors should always pay attention; learn how much some readers have made by mimicking hedge fund sentiment.

Disclosure: none