Hedge Funds Carlson Capital and Adage Capital Heavily Invest In The Same Stocks

Carlson Capital acquired some 14% of ZF TRW Automotive Holdings Corp (NYSE:TRW) during the first quarter. The fund’s total stake in the company now stands at 1.53 million shares valued at $160.64 million. Over the past ten years the stock of this automotive systems manufacturer increased in value by nearly five-fold, though recently the long-term rally has stopped mostly because of debt-load reduction. Not long ago TRW Automotive Holdings Corp (NYSE:TRW) was acquired by German ZF Friedrichshafen AG. The combined company is now in the top three of global automotive suppliers, as it has around 130,000 employees and €30 billion of sales (US$33.54 billion). Adage Capital trimmed its holding in this company by 1%, leaving around 1.44 million shares with a market value of $150.98 million.

Clint Carlson
Clint Carlson
Carlson Capital

Lastly, Clint Carlson added 16% to his holding of Sigma-Aldrich Corporation (NASDAQ:SIAL), giving him a total stake of 983,400 shares valued at $135.96 million. The company is engaged in the production and manufacture of biochemical and organic products. On a year-to-date basis the stock of this $16.69 billion company has returned only 1.63%. It disappointed investors during the last quarter, reporting misses on both the top and bottom lines of its earnings results: the revenue dropped by 1.9% from last year and the EPS was $1.06, missing by $0.02.  Adage Capital, after the same 16% increase as Carlson, also held a nearly identical stake of 980,479 shares worth $135.55 million.

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