Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Simcoe Capital Management’s Returns, AUM and Holdings

The largest two positions Simcoe Capital Management held at the end of the third quarter were in Altice Usa Inc. (NYSE:ATUS) and Nexstar Media Group Inc. (NASDAQ:NXST) occupying 15.1% and 12.65% of its 13F portfolio, respectively. The fund raised its stake in communications and media company Altice Usa Inc (NYSE:ATUS) by 14% to 3,047,215 shares, which were valued at $55.27 million at the end of September. In Nexstar Media Group Inc. (NASDAQ:NXST), a television broadcasting and digital media company, the fund actually lowered its stake by 5% to 569,245 shares worth $46.33 million.

It seems the fund is quite optimistic when it comes to Donnelley Financial Solutions Inc. (NYSE:DFIN) and On Semiconductor Corp (NASDAQ:ON), since these are the companies in which the fund increased its stakes the most during Q3. In Donnelley Financial Solutions Inc. (NYSE:DFIN) the fund’s stake went up by 70% to 1,684,265 shares valued $30.18 million. As for On Semiconductor Corp (NASDAQ:ON), the fund purchased 2,149,450 of the company’s shares for $39.61 million, that way increasing its stake in the company by 51%.

In the meantime, the fund trimmed its positions in a number of companies, some of them being Liberty Broadband Corp (NASDAQ:LBRDA) and Fuller H B Co (NYSE:FUL), by 18% and 1%, respectively. Liberty Broadband Corp (NASDAQ: LBRDA) was the company in which the fund definitely lost interest, holding only 56,957 shares worth $4.8 million at the end of Q3. When it comes to Fuller H B Co (NYSE:FUL), the situation is a bit different — although the fund lowered its holding in the company to 632,860 shares valued at $32.69 million, the company is still one of the fund’s top five largest positions, occupying 8.93% of its portfolio.

Disclosure: None. This article was originally published at Insider Monkey.

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading...