#3 Starz (NASDAQ:STRZA)
– Shares Held By Kynikos (as of September 30): 166,666
– Value of The Holding (as of September 30): 5.2 Million
Moving on, Kynikos increased its holding in Starz (NASDAQ:STRZA) by 15% during the third quarter. Jeffrey Jacobowitz’s Simcoe Capital Management was another hedge fund that we track which boosted its stake in the company during that time, by 7% to 924,875 shares. After months of negotiations, Lions Gate Entertainment Corp. (USA) (NYSE:LGF) announced on June 30 that it would be acquiring Starz (NASDAQ:STRZA) in a $4.4 billion cash and stock deal. Since that announcement, Starz’s stock has been on an upward march. Even Mr. Trump’s recent victory, which was considered detrimental for media companies that are currently engaged in M&A deals, hasn’t caused the stock to pull back, as it now trades up by 1.16% year-to-date. At the end of last month, analysts at Stifel Nicolaus upgraded the stock to ‘Buy’ from ‘Hold’ and also upped their price target on it to $36 from $33.
#2 Molson Coors Brewing Co (NYSE:TAP)
– Shares Held By Kynikos (as of September 30): 51,833
– Value of The Holding (as of September 30): 5.7 Million
Amid a 7.5% rise in Molson Coors Brewing Co (NYSE:TAP)’s stock during the third quarter, Kynikos upped its stake in the company by 14%. Shares of the brewing company have fallen quite a bit since making their lifetime high of $112.09 last month, but still boast year-to-date gains of 5.32%. On November 17, Molson Coors Brewing Co (NYSE:TAP) declared a quarterly dividend of $0.41 per share, which based on the current price of the stock translates into a forward yield of 1.66%. For its fiscal 2016 third quarter, the company reported EPS of $1.03 on revenue of $947.50 million, which was below analysts’ estimates of EPS of $1.05 on revenue of $985.75 million. Nevertheless, most analysts continue to remain bullish on the stock, with an average rating of ‘Buy’ and an average price target of $124.60 on it.
– Related Reading: 10 Largest Alcohol Companies in the World
#1 SPDR S&P MidCap 400 ETF (NYSEARCA:MDY)
– Shares Held By Kynikos (as of September 30): 220,762
– Value of The Holding (as of September 30): 62.31 Million
After boosting its holding in the SPDR S&P MidCap 400 ETF (NYSEARCA:MDY) by 445% during the second quarter, Kynikos increased it by a further 25% during the third quarter. The SPDR S&P MidCap 400 ETF (NYSEARCA:MDY) tracks and seeks to provide investment results that mimic the price and yield performance of the S&P MidCap 400 Index, before expenses. In the last five years, the ETF has appreciated by over 90% and is currently trading at its lifetime high of $297.86. A large part of the gains that the ETF has registered this year have come on the back of the recent rally in the equity markets after Mr. Trump’s win. At the end of October, the ETF had a 12-Month yield of 1.38% and was rated Bronze by Morningstar due to a relatively higher fee than its closest competitors and disadvantageous structure limit.