Even worse was the performance of Platform Specialty Products Corp (NYSE:PAH), which lost 8.7% between July and September and is 33% in the red year-to-date. Meanwhile, Corvex held 14.43 million shares of the company worth $128.15 million heading into the third quarter. In addition, the stock saw a decline in popularity among the funds in our database, with the number of those bullish on Platform Specialty Products Corp (NYSE:PAH) falling to 17 from 22 during the second quarter. However, aside from Corvex, the company has another great activist among its top shareholders – Bill Ackman’s Pershing Square, which held $379.5 million worth of shares at the end of June. Remaining hedge funds and institutional investors with similar optimism consist of Brian Bares’s Bares Capital Management, John Griffin’s Blue Ridge Capital and Murray Stahl’s Horizon Asset Management.
On the other hand, B/E Aerospace Inc (NASDAQ:BEAV), in which Corvex had initiated a stake during the second quarter, saw its shares gain 12.4% in the following three months. The fund amassed 2.70 million shares worth $124.82 million, being one of 33 funds that held shares at the end of June, versus 36 funds a quarter earlier. The largest stake in B/E Aerospace Inc (NASDAQ:BEAV) was held by Highfields Capital Management, which reported holding $219.7 million worth of stock at the end of June. Other investors bullish on the company included Blue Mountain Capital, Roystone Capital Partners, and Farallon Capital.