Should You Follow This Fund Into Its Bets on Cheniere Energy, Inc. (LNG), FleetCor Technologies, Inc. (FLT) & Two Other Companies?

FleetCor Technologies, Inc. (NYSE:FLT), whose stock surged by 21.4% during the third quarter, saw Valinor Management cut its position by 25% to 944,862 shares worth $164.15 million in the same period. Heading into the third quarter of 2016, 52 funds tracked by us held shares of FleetCor, up by 8% from one quarter earlier. The largest stake in FleetCor Technologies, Inc. (NYSE:FLT) was held by Lone Pine Capital, which reported holding $823.1 million worth of stock as of the end of June. It was followed by Tiger Global Management LLC with a $466.6 million position. Other investors bullish on the company included OZ Management, Blue Ridge Capital, and Soroban Capital Partners.

Valinor Management decreased its position in Air Products & Chemicals, Inc. (NYSE:APD) by 12% over the quarter to 1.18 million shares valued at $164.44 million at the end of September. The stock gained 5.8% during the third quarter. During the second quarter, the number of funds followed by our team bullish on Air Products & Chemicals declined to 56 from 58. The largest stake among these funds was reported by Pershing Square, which held $1.08 billion worth of stock at the end of June. Trailing Pershing Square was Viking Global, which amassed a stake valued at $986.4 million. OZ Management, Adage Capital Management, and Blue Ridge Capital also held valuable positions in the company.

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