Marc Lasry Cuts Stake In YRC Worldwide Inc (YRCW) and Sells 1.40 Mln Shares

Frank Brosens, the manager of Taconic Capital, is a fan of YRC Worldwide Inc (NASDAQ:YRCW) and has initiated a position during the first quarter, amassing 1.27 million shares. During the same period, Israel Englander has increased his stake in this company by 11% to 447,076 shares, according to Millennium Management’s latest 13F filing. Ken Griffin on the other hand has dumped 80% of his stake and was left holding only 248,566 shares at the end of the first quarter.

With an equity portfolio worth approximately $1.7 billion, Marc Lasry has founded Avenue Capital in 1995 and has enjoyed great success as an asset manager. Whereas he started with $7 million in capital, currently Lasry has roughly $12.9 billion in assets under management. His biggest bet is Houghton Mifflin Harcourt Co (NASDAQ:HMHC) a company that offers educational services across a large specter of media. In its latest 13F filing, Avenue Capital has disclosed the ownership of 5.73 million shares, with the position having remained flat during the first quarter of 2015. Lasry is also betting big on Meritor Inc (NYSE:MTOR) and holds 7.21 million shares, although he has chosen to slightly reduce his stake during the January-March period.

Disclosure: none.