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Paul Singer’s Elliott Associates Reports 11% Stake in Cabelas Inc (CAB)

Billionaire Paul Singer‘s Elliott Management has recently filed a 13D with the US Securities and Exchange Commission, in which it reported its stake in Cabelas Inc (NYSE:CAB). The filing showed that Elliott Associates, Elliott International and Elliott International Capital Advisors have in aggregate exposure to 11.3% of Cabelas’ outstanding common stock. Three funds hold in total around 6.05 million shares, which represent 8.9% of the outstanding stock and have exposure to around 1.61 million shares or 2.4% of the stock through derivative agreements.  In its 13F filing for the fourth quarter, Elliott reported holding some 4.16 million shares of Cabelas Inc (NYSE:CAB), the stake having been initiated during the quarter.

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
Elliott Associates 2,554,880 0 2,554,880 0 2,554,880 3.8%
Elliott International 0 3,491,616 0 3,491,616 3,491,616 5.1%
Elliott International Capital Advisors Inc 0 3,491,616 0 3,491,616 3,491,616 5.1%

Page 1 of 8 SEC Filing

(RULE 13D – 101)
(Amendment No. 2)*
Cabela’s Incorporated
(Name of Issuer)
Class A Common Stock, $0.01 par value
(Title of Class of Securities)
126804 30 1
(CUSIP Number)
Stephen M. Schultz, Esq.
Kleinberg, Kaplan, Wolff & Cohen, P.C.
551 Fifth Avenue, New York, New York 10176
(212) 986-6000
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
February 23, 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 which 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 13d-7 for other parties to whom copies are to be sent.
*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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