Here’s How Activist Watcher 13D Management’s 13F Holdings Are Doing

Baxter International Inc (NYSE:BAX)

– Shares Owned by Lone Pine Capital (as of December 31): 272,157 shares

– Value of Holding (as of December 31): $10.83 million

Baxter International Inc (NYSE:BAX) was another new addition to 13D Management’s portfolio during the fourth quarter. With ownership of 53.85 million shares of Baxter International Inc (NYSE:BAX), billionaire activist Dan Loeb‘s Third Point was the largest shareholder of the company at the end of 2015 among funds tracked by us. Like most other stocks, shares of Baxter International also started 2016 on a negative note. However, they quickly changed their trajectory and managed to end the first quarter with gains of 8%. In the past few months Baxter International has reduced its stake in Baxalta Inc (NYSE:BXLT), which it spun off last year, through debt-for-equity exchanges. After the completion of a secondary offering by Baxalta Inc (NYSE:BXLT) last month, Baxter International Inc’s stake in the company came down to 4.5% from 13.8%. However, Baxter International Inc plans to bring it down to zero in the coming months. On March 21, analysts at Leerink Partner upgraded the stock to ‘Outperform’ from ‘Market Perform’.

Mondelez International Inc (NASDAQ:MDLZ)

– Shares Owned by Lone Pine Capital (as of December 31): 243,755 shares

– Value of Holding (as of December 31): $10.93 million

Moving on, 13D Management reduced its stake in Mondelez International Inc (NASDAQ:MDLZ) by 39% during the fourth quarter. Mondelez International Inc (NASDAQ:MDLZ)’s stock fell by over 10% during the first three months of 2016 and according to some analysts, it can fall further in the coming months. They cite the one-time gain the company accrued during fiscal 2015 to hide its dismal earnings and the non-GAAP metrics it uses as the reason for their bearishness on the stock. For its first quarter of fiscal 2016  analysts are expecting the company to report EPS of $0.40 on revenue of $6.43 billion, lower than the EPS of $0.41 on revenue of $7.76 billion it delivered in the same quarter of the previous year. According to a recently submitted regulatory filing by activist Bill Ackman‘s Pershing Square, it now owns 23.36 million shares of the company, down from 43.36 million that it held at the end of December.