Ldr Holding Corp (LDRH): Magnetar Capital Reports New Stake

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Alec Litowitz And Ross Laser‘s Magnetar Capital has acquired a new stake in Ldr Holding Corp (NASDAQ:LDRH), according to a recent 13D filing with the US Securities and Exchange Commission. Magnetar Capital now owns almost 1.91 million common shares of Ldr Holding (NASDAQ:LDRH), which amass 6.5% of the total outstanding stock. In addition, the filing revealed that Magnetar Capital has acquired shares right after the company has signed a Merger Agreement with Zimmer Biomet Holdings, Inc, and LH Merger Sub, Inc, upon which Zimmer Biomet started a tender offer to acquire all shares outstanding. Magnetar Capital plans to tender its acquired shares to Zimmer Biomet.

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LDR Holding Corporation is a global medical device company that works on developing a variety of surgical products that should help patients who are dealing with different spine problems. Recently, their product ROI-C Titanium-Coated Cervical Cage was implemented for the first time, by Dr. Mark Giovanini, a board-certified neurosurgeon, who acknowledged excellent features of the product. Since the beginning of the year, the company’s stock has gained 47.51%.

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According to our database, the number of hedge funds long the stock increased by one, and there were 15 investors with long positions in LDR Holding Corp (NASDAQ:LDRH) at the end of March. Among them, the biggest position was disclosed by Stephen DuBois’s Camber Capital Management, valued at $57.4 million, and the second-largest position was reported by James Dondero’s Highland Capital Management, worth around $16.7 million. Some other investors that are also bullish on this stock encompass Leighton Welch’s Welch Capital Partners, Steve Cohen’s Point72 Asset Management and Jim Simons’s Renaissance Technologies.

At the end of the quarter, Richard Driehaus’ Driehaus Capital initiated a valuable position in the company, worth around $3.9 million, and Michael Castor’s Sio Capital also initiated a $3.7 million position during the quarter. The other funds with brand new LDRH positions are Patrick Hughes and Loren Katzovitz’s Deimos Asset Management, John Osterweis’s Osterweis Capital Management, and Stuart Weisbrod’s Iguana Healthcare Management.

You can access the original SEC filing by clicking here.

Ownership Summary Table

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
Magnetar Financial 0 1,904,584 0 1,904,584 1,904,584 6.5%
Magnetar Capital Partners 0 1,904,584 0 1,904,584 1,904,584 6.5%
Supernova Management 0 1,904,584 0 1,904,584 1,904,584 6.5%
Alec N. Litowitz 0 1,904,584 0 1,904,584 1,904,584 6.5%

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Page 1 of 12 – SEC Filing







Under the Securities Exchange Act of 1934

(Amendment No.     )*




(Name of Issuer)

Common Stock, par value $0.001 per share

(Title of Class of Securities)


(CUSIP Number
of Class of Securities)

Alec N. Litowitz

Magnetar Capital LLC

1603 Orrington Ave.

Evanston, Illinois 60201

(847) 905-4400

Address and Telephone Number of Person Authorized to Receive Notices and Communications)

JUNE 8, 2016

(Date of Event which Requires Filing of this Statement)



If the filing person has
previously filed a Statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D and is filing this Schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box.   ¨

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 240.13d-7(b) for other
parties to whom copies are to be sent.

* The remainder of this cover page shall be filled out for a reporting persons initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information
which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be
deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934 (Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act
(however, see the Notes).

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