Even after a significant 17% reduction in the position, Alcoa Inc (NYSE:AA) was the fourth largest holding of Nielsen’s. The investment manager held 15.79 million shares valued at $249.28 million of the manufacturer of lightweight metals. William B. Gray’s Orbis Investment Management and First Pacific Advisors’ Robert Rodriguez and Steven Romick also held significant stakes in Alcoa Inc (NYSE:AA) at the end of the fourth quarter. Orbis held a total of 22.62 million shares valued at $357 million while First Pacific Advisors had 22.04 million shares having a market value of $347.97 in its portfolio.
eBay Inc (NASDAQ:EBAY) was also a favorite of Kerr’s during the fourth quarter. He increased his exposure to the company by 13% during that time, with the new stake of about 4.07 million shares valued at $228 million accounting for 4.37% of Platinum’s portfolio value. eBay Inc (NASDAQ:EBAY) also commanded the allegiance of Baupost Group’s Seth Klarman, who increased his stake by a significant 53%. His fund owned 9.32 million shares valued at $522.76 million at the end of last year. eBay has also been one of the stocks that other billionaires among the 59 that we track at Insider Monkey have poured a significant amount of funds into as of the end of the year.
eBay Inc (NASDAQ:EBAY) is set to spin-off its payment division, PayPal, this year, a move that activist investor Carl Icahn of Icahn Capital LP had advocated months before the actual decision, but which management of the company fought him on before finally relenting.