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Relational Investors Washing Its Hands Of Cratering Magnum Hunter Resources Corp (MHR)

Moving on to Whitworth’s top picks, which have performed more than well enough to wipe out any losses from his Magnum Hunter position, Relational’s largest holding, Mondelez International Inc (NASDAQ:MDLZ) comprises 12.47 million shares valued at $449.97 million and represents almost 19% of the fund’s portfolio value. A position in the company was initiated during the first quarter of 2013. The stock has appreciated by more than 50% since then. Among the funds that we track, Nelson Peltz‘s Trian Partners is the largest stockholder of Mondelez International Inc (NASDAQ:MDLZ), owning some 48.02 million shares valued at $1.73 billion.

A holding in the $10.54 billion manufacturer of diagnostic products, medical imaging systems and surgical products, Hologic, Inc. (NASDAQ:HOLX), represents 18.02% of Relational’s portfolio value. The holding consists of 12.97 million shares valued at $428.28 million. So far this year Hologic, Inc. (NASDAQ:HOLX)’s stock has appreciated by a hefty 40%. In comparison, the medical instruments & supplies industry has only gained 4.48% during the same period. Famed activist investor Carl Icahn of Icahn Capital LP is the largest stockholder of Hologic, Inc. (NASDAQ:HOLX) among those we track, as it owns some 34.15 million shares valued at $1.13 billion.

Relational’s holding in Bunge Ltd (NYSE:BG) consists of 4.95 million shares valued at $407.41 million. The stake represents about 3.39% of the company’s outstanding stock and 17.15% of the fund’s portfolio value. Although up by more than 21% over the past year, Bunge Ltd (NYSE:BG)’s stock performance has been less inspiring this year, as it is trading nearly sideways. In its financial results for the first quarter, Bunge Ltd (NYSE:BG) beat estimates for the bottom line, but failed to match analysts’ expectations for the top line. Clint Carlson‘s Carlson Capital is the second-largest stockholder of Bunge after Relational, among the investors that we track, as it owns some 1.85 million shares valued at $152.37 million.

Disclosure: None

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