Yahoo! Inc. (YHOO), Molson Coors Brewing Company (TAP) Among Big New Positions In York Capital’s Portfolio

Molson Coors Brewing Company (NYSE:TAP) is another new addition to York Capital’s equity portfolio. The fund acquired 2.85 million shares of the company, valued at $212.15 million. The producer of beer has held a strong position on the North American market and has seen its stock gain more than 30% over the last 52 weeks. At the end of 2014, a total of 54 funds from our database reported holding some $1.35 billion worth of Molson Coors Brewing Company (NYSE:TAP)’s stock. Kenneth Mario Garschina’s Mason Capital Management and Ken Griffin’s Citadel Investment Group are two other shareholders of Molson Coors Brewing Company (NYSE:TAP), but opposed to York, both investors trimmed their stakes last quarter. Mason reported 3.25 million shares, down by 17% on the quarter while Citadel held 1.74 million shares, down by 14%.

In Mead Johnson Nutrition CO (NYSE:MJN), York reported ownership of 1.57 million shares worth $157.89 million. The stock might have been another merger arbitrage bet of Mr. Dinan’s, as there have been rumors since last fall that French food giant Danone SA was looking into a possibility of taking over Mead Johnson Nutrition CO (NYSE:MJN). A deal was not announced and instead Danone bought a $556-million stake in Yashili International Holding, a Chinese infant formula maker. Aside from York, another shareholder of Mead Johnson Nutrition CO (NYSE:MJN) is Citadel Investment Group, which trimmed its stake by 15% to 1.53 million shares.

Last but not least is Tribune Media Co (NYSE:TRCO), a $6.50 billion broadcast station group. York disclosed holding 2.44 million class A shares of the company, valued at $146.02 million. Aside from Mr. Dinan, a bunch of other investors reported new stakes in Tribune Media Co (NYSE:TRCO), including Howard Marks of Oaktree Capital Management, who disclosed a $1.12 billion stake that contains 18.77 million class A shares. The class A stock of Tribune Media Co (NYSE:TRCO) started trading on the New York Stock Exchange at the beginning of December 2014.

Disclosure: None