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Luxor Capital Group Increases Stake In Altisource Residential Corp (RESI)

Christian Leone‘s Luxor Capital Group has filed a 13G with the US Securities and Exchange Commission, in which it disclosed its position in Altisource Residential Corp (NYSE:RESI). The filing showed that Luxor owns some 4.23 million shares of Altisource Residential, which represent 7.6% of the company’s outstanding stock. The position is higher compared to the 2.54 million shares of Altisource Residential that Luxor reported in its last 13F filing (for the end of 2015).

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Overall, Altisource Residential Corp (NYSE:RESI) was in 9 hedge funds’ portfolios at the end of December, compared to 13 funds a quarter earlier. Among them, the largest stake is held by Luxor as it trumped Jamie Zimmerman’s Litespeed Management, which held 2.69 million shares at the end of last year. Other investors bullish on the stock include Andrew Goldman’s Seven Locks Capital Management, Ken Griffin’s Citadel Investment Group and George McCabe’s Portolan Capital Management.

On the other hand, Brian Jackelow’s SAB Capital Management cut the largest position of the 700 funds watched by Insider Monkey, comprising an estimated $21 million in stock. William Black’s fund, Consector Capital, also dropped its stock, about $4.3 million worth.

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
Luxor Capital Partners 0 2,035,196 0 2,035,196 2,035,196 3.7%
Luxor Wavefront 0 270,074 0 270,074 270,074 Less than 1%
Luxor Capital Partners Offshore Master Fund 0 1,877,911 0 1,877,911 1,877,911 3.4%
Luxor Capital Partners Offshore, Ltd 0 1,877,911 0 1,877,911 1,877,911 3.4%
Thebes Offshore Master Fund 0 42,305 0 42,305 42,305 Less than 1%
Thebes Partners Offshore, Ltd 0 42,305 0 42,305 42,305 Less than 1%
LCG Holdings 0 4,225,486 0 4,225,486 4,225,486 7.6%
Luxor Capital Group 0 4,232,691 0 4,232,691 4,232,691 7.6%
Luxor Management 0 4,232,691 0 4,232,691 4,232,691 7.6%
Christian Leone 0 4,232,691 0 4,232,691 4,232,691 7.6%
Christian Leone
Christian Leone
Luxor Capital Group

Page 1 of 20 SEC Filing

(RULE 13d – 102)
(Amendment No. )*
Altisource Residential Corporation
(Name of Issuer)
Common stock, par value $0.01 per share
(Title of Class of Securities)
(CUSIP Number)
March 7, 2016
(Date of Event which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
[ ]            Rule 13d-1(b)
[x]            Rule 13d-1(c)
[ ]            Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a reporting person’s 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 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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