Impala Asset Management’s Performance, AUM, and Holdings

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Impala Asset Management significantly raised its stake in Marriott International Inc (MAR) during Q2, by 280%, now owning 111,580 shares valued at $14.13 million. Smart money investors from our database were also optimistic about Marriott International Inc (MAR) in the second quarter, as the number of those with long positions increased by two, now counting 42 hedge funds.

What about the new investments the fund made in the previous quarter? There were 20 new additions to Impala Asset Management’s portfolio, and the company in which the fund acquired the largest position is Norfolk Southern Corp (NSC), a large rail transportation company mostly known for one of its subsidiaries, Norfolk Southern Railways. Impala Asset Management now owns 583,805 shares of the company valued at $88.08 million. Smart money investors from our system were also getting more interested in this stock, as the number of those with long positions in the company grew by six from the previous quarter to now count 42 bullish investors. Other big new additions to Impala’s portfolio in the second quarter include Southern Copper Corp (SCCO), Macy’s Inc. (M), and Netapp Inc. (NTAP) to name a few.

Impala Asset Management also lost faith in some 18 companies that were in its portfolio in the first-quarter, selling its entire positions. The biggest position the fund said goodbye to was in Kansas City Southern (KSU), valued at $54.43 million, while the second-largest position the fund decided to drop was in FedEx Corp. (FDX), being formerly worth around $49.27 million.  Some other holdings the fund decided to get rid of include CSX Corp. (CSX), RPC, Inc.(RES), and Delta Air Lines, Inc. (DAL).

Disclosure: None

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