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SteelMill Master Fund Now Holds +5% of Cheniere Energy

SteelMill Master Fund: Cheniere Energy, Inc. (NYSEMKT:LNG) has recently been added to the equity portfolio of the SteelMill Master Fund, which disclosed a passive stake that represents 5.8% of the company. In a filing with the Securities and Exchange Commission, SteelMill reported owning 13.9 million shares, which at the current price of company’s stock have a total value of $461.9 million.

Cheniere Energy, Inc. (NYSEAMEX:LNG)

Last week, Cheniere Energy reported that its wholly-owned subsidiary was filing a registration form with the SEC, regarding a proposed IPO. In this way, in case the IPO is approved, Cheniere Energy Partners LP Holdings will own a limited partner units of Cheniere Energy Partners, the company said in a statement.

Cheniere Energy can be found in the equity portfolios of several hedge funds in our database last quarter. Alan Fournier’s Pennant Capital Management, James Crichton and Adam Weiss’s Scout Capital Management, and Michael Lowenstein’s Kensico Capital are all long in addition to SteelMill.

Recommended Reading:

Hedge Fund News: Carl Icahn, Bill Ackman & Man Group’s Sell Ratings

Tom Sandell’s Epic Thesis Calling For a Bob Evans Sale or Spinoff

Why Bill Ackman Could Boost This Stock By 35%

Disclosure: none

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