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Pinnacle Foods Inc (PF), Cott Corporation (USA) (COT), New Senior Investment Group Inc (SNR): Levin Capital Strategies’ Latest Moves

In new filings with the U.S. Securities and Exchange Commission, Levin Capital Strategies, managed by John A. Levin, disclosed increasing its stakes in Pinnacle Foods Inc (NYSE:PF) and Cott Corporation (USA) (NYSE:COT). At the same time, the hedge fund reduced its position in New Senior Investment Group Inc (NYSE:SNR).

Pinnacle Foods

In an amended filing, Levin Capital Strategies revealed upping its position in Pinnacle Foods Inc (NYSE:PF) to around 8.78 million shares from 6.51 million shares the fund reported in its latest 13F filing. The stake is passive by nature, and amasses 7.5% of the company’s common stock.

Another amended filing showed that Levin Capital Strategies upped its passive stake in Cott Corporation (USA) (NYSE:COT). According to the filing, the fund owns 13.84 million shares of Cott Corporation (USA) (NYSE:COT), up from 8.69 million shares held previously. The new stake represents 14.9% of the company’s common stock.

In a separate filing, Levin Capital Strategies reported that it holds around 3.30 million shares of New Senior Investment Group Inc (NYSE:SNR), equal to 5.0% of the company’s common stock outstanding. Previously, the fund reported holding about 3.94 million shares of the company. The stake is passive by nature.

Levin Capital Strategies is a New York City-based hedge fund with approximately $8.7 billion in assets under management as of August 31, 2014. Founded by John A. Levin in 2005, Levin Capital Strategies typically invests in large capitalization stocks, and corporate and U.S. treasury obligations. Prior to Levin Capital Strategies, Mr. Levin had ran Levin Management Company and served as the President of BKF Capital Group. Levin Capital’s equity portfolio is valued at $6.6 billion as of the end of September 2014. Pfizer Inc. (NYSE:PFE), General Electric Company (NYSE:GE), and Citigroup Inc (NYSE:C) were represented as the fund’s largest holdings. In its latest 13F, the investor reported owning 10.07 million shares of Pfizer Inc. (NYSE:PFE). In General Electric Company (NYSE:GE), and Citigroup Inc (NYSE:C), the fund held 10.05 million shares, and 4.52 million shares, respectively.

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