eBay Inc (EBAY), Yahoo! Inc. (YHOO), Valeant Pharmaceuticals (VRX): Ivory Capital Continues to Perform Well in Relative Anonymity

Ivory’s Hertz Global Holdings, Inc. (NYSE:HTZ) holding consisted of nearly 4.80 million shares valued at $119.64 million. The $9.47 billion market-cap company has the favor of 72 funds, which had an aggregate investment of $6.39 billion in the company at the end of last year. Icahn Capital headed the list of these firms as well in terms of the most-valuable holding. The stock of the car rental company, which has been under an accounting review since March last year dipped about 13.07% during the first quarter. On the brighter side, Morgan Stanley recently upgraded Hertz Global Holdings, Inc. (NYSE:HTZ)’s rating from ‘Underweight’ to ‘Equal Weight’.

1.12 million shares of Yahoo! Inc. (NASDAQ:YHOO) were acquired by Ivory during the fourth quarter to put the total stake of its position in the internet giant at 1.59 million shares valued at $80.35 million. The $42.14 billion company had the confidence of 99 funds, which had $7.59 billion in capital invested at the end of last year. D E Shaw and James Dinan’s York Capital Management are two prominent shareholders of the tech company. Yahoo! Inc. (NASDAQ:YHOO) is an ailing business which has little to show off in terms of its core operations’ profitability. The stock dipped 12.02% in the first quarter.

In American Airlines Group Inc (NASDAQ:AAL), the fund held about 2.1 million shares valued at $112.98 million according to its latest 13F filing. The $33.6 billion market cap airlines company had 123 funds with a total of $6.11 billion invested in it. York Capital was also one of the significant stockholders of American Airlines Group Inc (NASDAQ:AAL).

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