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Qihoo 360 Technology Co Ltd (QIHU), Actavis plc (ACT), Yahoo! Inc. (YHOO) Among 20 Long Ideas from Sohn Canada

The Capitalize For Kids investors conference took place last week and featured many notorious speakers that pitched their investment ideas. It was the first event in Canada and was conducted in partnership with the Sohn Conference Foundation, which is responsible for one of the greatest investors events in the world, Sohn Conference. On its inaugural even, Capitalize for Kids had among the speakers personalities like Jamie Dinan of York Capital Management, Alexander Roepers of Atlantic Investment Management, Larry Robbins of Glenview Management, and Lee Ainslie of Maverick Capital, among others.

We have compiled a list of companies that have been pitched during the Sohn Conference. The managers of the funds that we track at Insider Monkey mentioned a total of 22 companies. The companies are from various sectors and industries and sport different market caps, so retail investors might definitely want to take a look at the list. Some of the stocks that are featured in this list are Qihoo 360 Technology Co Ltd (NYSE:QIHU), Actavis plc (NYSE:ACT), Yahoo! Inc. (NASDAQ:YHOO)Intercontinental Exchange Inc (NYSE:ICE) and others.

Lee Ainslie Likes Qihoo 360


Lee Ainslie, the manager of Maverick Capital recommended a long position in Qihoo 360 Technology Co Ltd (NYSE:QIHU), an $8.8 billion Chinese Internet Company. Mr. Ainslie considers the company a great investment since it has managed to get penetration rate of 6% in the e-commerce industry in China, which is relatively good for a country where Alibaba Group Holding Ltd (NYSE:BABA) is the main player on the market. Ainslie also considers that Qihoo 360 Technology has an excellent management team.

Maverick Capital held around 1.09 million shares of Qihoo 360 Technology Co Ltd (NYSE:QIHU) Technology at the end of the second quarter. Another shareholder is John Burbank‘s Passport Capital, which owned around 1.70 million shares at the end of the second quarter. Moreover, earlier this year, Charles Payne from FBN also recommended Qihoo 360 Technology Co Ltd (NYSE:QIHU) during his programm, saying that it has a great execution ability with its core business in Internet and mobile security and that it is one of the dominant players in China.

Larry Robbins Recommends Thermo Fisher, Danaher, and 2 Other Stocks


The manager of Glenview Manager, Larry Robbins, pitched four stocks during the conference: Thermo Fisher Scientific Inc. (NYSE:TMO), Danaher Corporation (NYSE:DHR), Endo International plc – Ordinary Shares (NASDAQ:ENDP), and Actavis plc (NYSE:ACT), recommending long positions in all four stocks.

Glenview owns 10.94 million shares of Thermo Fisher Scientific Inc. (NYSE:TMO) as of the end of June, the company representing the largest holding in the fund’s equity portfolio. Andreas Halvorsen‘s Viking Global held around 8.27 million shares as of the end of June.

In Endo International plc – Ordinary Shares (NASDAQ:ENDP), Glenview owns 3.93 million shares, according to its latest 13F filing, the position being initiated during the second quarter. Blue Ridge Capital, managed by John Griffin, owns 6.82 million shares as of the end of June, down by 1.19 million shares over the quarter.

However, Glenview did not disclose ownership of Actavis plc (NYSE:ACT) and Danaher Corporation (NYSE:DHR) in its latest 13F filing.

Recently, Mr. Robbins has also attended the Robin Hood Conference in New York, where he pitched VCA Inc (NASDAQ:WOOF). Last week, Glenview reported raising its stake in the company to 12.80 million shares, equal to 15% of the company.

Jamie Dinan Pitches Molson Coors


Molson Coors Brewing Company (NYSE:TAP) was discussed by Jamie Dinan of York Capital Management. The investor expects the company to be involved in some divestment transactions involving its joint venture with SABMiller plc (LON:SAB), MillersCoors. The expectations are based on the recent rumors that Anheuser Busch Inbev SA (ADR) (NYSE:BUD) plans to make a proposal to acquire SABMiller. In this way, Molson Coors Brewing Company (NYSE:TAP) can profit from realizing synergies from its US joint venture.

However, York Capital Management has not revealed ownership of Molson Coors Brewing Company (NYSE:TAP) shares in its latest 13F filing, but we might see the company in its filing for the third quarter. Ken Griffin‘s Citadel Investment Group is a shareholder of the company as of the end of June, holding around 1.51 million shares, up by 237% on the quarter.

Frank Brosens Likes The Men’s Warehouse

Taconic Capital Investor Letter

The Men’s Wearhouse, Inc. (NYSE:MW) was mentioned by the manager of multi-strategy hedge fund Taconic Capital, Frank Brosens. The investor owns 850,000 shares of the apparel retailer. He is bullish on the company because he considers that the stock declined mainly on the back of many short sellers that got more active amid the company’s attempts to acquire Jos. A. Bank Clothiers.

Mr. Brosens is not the only investor bullish on the stock. In fact, only a week ago, Brian Jackelow’s SAB Capital Management reported adding the company to its equity portfolio, holding currently 2.45 million shares equal to 5.1% of the company’s common stock.

The Men’s Warehouse acquired Jos. A. Bank Clothiers. One of the investors that helped the deal to succeed was Ricky Sandler, the manager of Eminence Capital. Being also a shareholder of Jos. A. Bank, Mr. Sandler supported The Men’s Warehouse intent to buy the company and urged the board to reconsider a deal after Jos. A. Bank declined the offer, which later was increased.

Jeff Smith Bullish on Yahoo and MeadWestvaco

Jeff Smith

It is no surprise that Jeff Smith, the manager of activist fund Starboard Value, likes MeadWestvaco Corp. (NYSE:MWV) and Yahoo! Inc. (NASDAQ:YHOO), so it is clear why he chose these two companies to discuss during his speach at the Sohn Canada conference. Starboard owns 9.35 million shares of MeadWestvaco Corp. (NYSE:MWV) and is trying to pursue the packaging company to spinoff its specialty chemical business to unlock some obscured value. Another investor in MeadWestvaco Corp. (NYSE:MWV) is Clint Carlson’s Carlson Capital, which owns 1.56 million shares as of the end of the second quarter.

In Yahoo! Inc. (NASDAQ:YHOO), Starboard has not disclosed its stake yet, which means that all eyes will be on Starboard’s next 13F filing, due to appear in the next couple of weeks. However, the investor has sent a letter to the company’s CEO Marissa Mayer recently. Starboard proposed a merger between Yahoo! Inc. (NASDAQ:YHOO) and AOL, Inc. (NYSE:AOL) and to spin off its equity investments in Alibaba Group Holding Ltd (NYSE:BABA) and Yahoo Japan to unlock shareholder value, since other shareholders are disappointed currently that Yahoo! Inc. (NASDAQ:YHOO)’s core business is suffering and Mayer is not doing anything particular regarding the huge value hidden in its multi-billion dollars-worth equity stakes.

Brian Zied Talks about Outerwall

Outerwall Inc (NASDAQ:OUTR)

Outerwall Inc (NASDAQ:OUTR) was presented as a good long investment by Brian Zied, the manager of Charter Bridge Capital Management. The investor said that the company has many consumers using its automated retail solutions services, especially Redbox, the company’s best-known product. Redbox managed to gain a market share of over 30% from around 25% over the last several years, which is something that investors have overlooked. Nevertheless, Charter Bridge Capital has not mentioned holding shares of Outerwall Inc (NASDAQ:OUTR) in its latest 13F filing, for the second quarter of 2014. Ken Fisher‘s Fisher Asset Management is one of the shareholders of the company, holding some 1.21 million shares as of the end of the second quarter.

Steven Shapiro Pitches Co-Operative Bank

Steven Shapiro of GoldenTree Asset Management, a fund managed by Steven Tananbaum, talked about Co-operative Bank plc (LON:CPBB), which is listed on the London Stock Exchange. It is one of the largest banks in the UK and Mr. Shapiro considers that it has the potential to grow by 100% during the next year or two.

Jacob Doft Likes Intercontinental Exchange

IntercontinentalExchange Inc

Higland Capital Management‘s Jacob Doft suggested a long position in Intercontinental Exchange Inc (NYSE:ICE), saying that the company is well-managed and can profit from an increase in risk-free rates. Highland does not own shares of Intercontinental Exchange Inc (NYSE:ICE), according to its latest 13F filing. Jonathon Jacobson‘s Highfields Capital Management is one of the shareholders of the company, owning around 3.80 million shares as of the end of June.

Alexander Roepers Discusses 3 Companies

Alexander Roepers

Another speaker at the Sohn Canada conference was Alexander Roepers, the manager of Atlantic Investment Management. One of the companies mentioned by Mr. Roepers was Owens-Illinois Inc (NYSE:OI), which was the largest holding in terms of value in the fund’s latest 13F. Moreover, in September, Atlantic upped its stake to 11 million shares from 9.4 million shares held at the end of June. In this way, the investor currently holds an activist stake that amasses 6.7% of Owens-Illinois Inc (NYSE:OI). Mr. Roepers said that Owens-Illinois Inc (NYSE:OI)’s stock might reach $45 per share within the next year, which is a significant premium over the current price.

The next company that Mr. Roepers pitched was Triumph Group Inc (NYSE:TGI), which also was the second-largest holding in Atlantic Investment Management’s last 13F filing, the stake containing 3.5 million shares at the end of June. For Triumph Group Inc (NYSE:TGI), Mr. Roepers’ price target amounts to $100 for the next two years.

Harman International Industries Inc./DE/ (NYSE:HAR) was the third company mentioned by the manager of Atlantic. The fund owns 2.27 million shares as of the end of the second quarter, the position being the third-largest in the equity portfolio. The investor has a price target of $124 for Harman International Industries Inc./DE/ (NYSE:HAR) and added that the company has a large market share in the car audio segment.

Sahm Adrangi is Long Two Tech Stocks

Cognizant Technology Solutions Corp (NASDAQ:CTSH)

SS and C Technologies Holdings Inc (NASDAQ:SSNC) and Cognizant Technology Solutions Corp (NASDAQ:CTSH) are two stocks that were discussed by the manager of Kerrisdale Capital, Sahm Adrangi. Mr. Adrangi said that SS and C Technologies Holdings Inc (NASDAQ:SSNC) has the potential to trade at 20 times its Free Cash Flow. Kerrisdale holds 158,700 shares of SS and C Technologies Holdings Inc (NASDAQ:SSNC) as of the end of June, adding the company to its equity portfolio during the second quarter.

Regarding Cognizant Technology Solutions Corp (NASDAQ:CTSH), Mr. Adrangi considers that it can grow to $70 per share. The company can explore its low cost advantage in India and it will profit from big multi-year contracts that will provide a constant revenue stream. Kerrisdale has not disclosed holding any shares of Cognizant Technology in its latest 13F filing. Stephen Mandel‘s Lone Pine Capital is one of the largest shareholders of the company, owning 29.51 million shares as of the end of June.

Aaron Cowen is Bullish on Burger King and Liberty Global

Burger King Worldwide Inc (NYSE:BKW)

Two other stocks that have been mentioned during the Sohn Canada were Liberty Global plc – Class C Ordinary Shares (NASDAQ:LBTYK) and Burger King Worldwide Inc (NYSE:BKW). The companies were discussed by Aaron Cowen, the manager of Suvretta Capital Management. Same as other shareholders, Mr. Cowen considers that Burger King Worldwide Inc (NYSE:BKW)’s recent deal to buy Tim Hortons Inc. (USA) (NYSE:THI) will allow the former to cut its costs and, hence, bring more value to shareholders. Suvretta owns 1.06 million shares of  Burger King Worldwide Inc (NYSE:BKW), according to its latest 13F filing.

In Liberty Global plc – Class C Ordinary Shares (NASDAQ:LBTYK), Suvretta Capital holds 1.16 million shares as of the end of June. Another shareholder of the company is Warren Buffett‘s Berkshire Hathaway, which owns 9.87 million shares of Liberty Global plc – Class C Ordinary Shares (NASDAQ:LBTYK) as of the end of the second quarter.

Jody Lanasa Pitches Fortress Investment and Kodak

Fortress Investment Group LLC (NYSE:FIG)

Jody Lanasa of Serengeti Asset Management mentioned Fortress Investment Group LLC (NYSE:FIG) and Eastman Kodak Co. (NYSE:KODK), two companies that Serengeti owns in its equity portfolio. Serengeti owns 8.1 million shares of Fortress Investment Group LLC (NYSE:FIG) and Mr. Lanasa considers that the stock is worth at least $10, which is significantly above the current price. Regarding Eastman Kodak Co. (NYSE:KODK), Mr. Lanasa said that it is a company that has a lot of hidden value that investors don’t see over the declines in revenue and the recent bankruptcy. However, Eastman Kodak Co. (NYSE:KODK) owns several thousand patents, which are worth billions of dollars and has some other assets such as property. With these factors taken into account, Mr. Lanasa considers that Kodak si worth around $59 per share. Serengeti holds 2.50 million shares of the company, according to its latest 13F filing.

Michael Thompson Is Long Golar LNG

Golar LNG Limited

Golar LNG Limited (USA) (NASDAQ:GLNG) was the company discussed by Michael Thompson, the manager of BHR Capital. The fund owns 2.83 million shares as of the end of June, the company representing the largest long position in the equity portfolio. Mr. Thompson said during the conference that Golar LNG Limited (USA) (NASDAQ:GLNG) can profit from its MLPs and that it is attractive to investors currently since its price declined amid an overall market sell-off.