Starboard Value
ADDITIONS: Nearly doubled its Baxter International Inc BAX position - also a Third Point activist target. It's now Starboard's 11th largest holding and owns 0.4%.
NEW: They also showed the new stake in the Darden Restaurants, Inc. DRI spinoff REIT, Four Corners Property Trust Limited FCPT - 10th largest holding.
Very small new positions in New York REIT (NYT), CIGNA Corporation CI and Synders-Lance Inc LNCE - 20th, 22nd and 23rd largest holdings, respectively.
REDUCTIONS: Sold out of 24% of its WestRock Co WRK stake and dumped close to 90% of its Office Depot Inc ODP shares. ODP now 16th largest holding, down from 5th.
Third Point
ADDITIONS: Added 50% to its Allergan (AGN) position, now 2nd largest holding.
NEW: Very small stake in Morgan Stanley MS.
REDUCTIONS: Sold most of its Yum! Brands, Inc. YUM was 4th largest holding, sold most of Kraft Heinz Co KHC was 5th, and sold all of T-Mobile US Inc TMUS was 8th.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.