After having raised its stake in Net 1 UEPS Technologies Inc (NASDAQ:UEPS) by 8% to 1.38 million shares in the June quarter, the fund reduced it by 43% in the following three months to 783,244 shares worth $6.71 million. The fund unloaded shares as the stock dropped by 14.3% between July and September. Heading into the third quarter of 2016, 18 funds followed by us were long this stock, a change of 13% from the end of March. Among these funds, Orbis Investment Management was the largest shareholder of Net 1 UEPS Technologies Inc (NASDAQ:UEPS), with a stake worth $90.5 million reported as of the end of June. Trailing Orbis Investment Management was International Value Advisers, which amassed a stake valued at $74.3 million. Renaissance Technologies, and D E Shaw also held valuable positions in the company.
Flagstar Bancorp Inc (NYSE:FBC), a savings and loan holding company, saw its shares gain 13.7% last quarter. Meanwhile, the fund dumped its entire stake during the same period, after having cut it by 41% to 299,236 shares worth $7.30 million during the second quarter. The number of funds from our database long Flagstar Bancorp appreciated by 8% to 13 during the April-June period. Among these funds, the largest stake in Flagstar Bancorp Inc (NYSE:FBC) was held by Millennium Management, which reported holding $19.5 million worth of stock as of the end of June. It was followed by Renaissance Technologies with a $11.6 million position. Other investors bullish on the company included Arrowstreet Capital, and Kingdon Capital.