Hedge Funds Update: Gabelli Likes Federal-Mogul, Daniel S. Och Loves Starwood Hotels & Resorts

Tracking hedge fund moves can provide investors with research-backed investment ideas. Let’s take a look at some of the most relevant transactions this week.

Mario Gabelli

On Monday, the firms and entities affiliated with Mario Gabelli (GAMCO Investors, Gabelli Funds, GSI, MJG Associates, Teton Advisors, GBL and Mario Gabelli himself) disclosed a 37.4 percent increase in its exposure to Federal-Mogul Holdings Corp FDML.

The position, which is activist in nature, now comprises 10,159,438 shares, representing 6.01 percent of the total outstanding stock, up from an aggregate of 7,393,708 declared by the end of the last reported quarter – the first quarter of 2015.

Related Link: Thursday's Top Hedge Fund Moves: Mario Gabelli Likes Aerojet Rocketdyne, Bill Ackman Loves Mondelez

This wage makes Gabelli the second-largest institutional investor in the company, trailing Carl Icahn, who last declared holding 138,590,141 shares of the company, worth more than $1.8 billion.

Daniel S. Och

Daniel S. Och's OZ Management also disclosed a move on Monday. According to the SEC filing, the firm may be deemed beneficial ownership of 10,171,523 shares of Starwood Hotels & Resorts Worldwide Inc HOT, which represent 5.97 percent of the total shares outstanding, up from the 8,630,835 disclosed in late-July. In July, the firm had declared an increase in its exposure from 2,442,603 shares to 8,630,835 shares.

This position makes of OZ Management the largest institutional investor of record in Starwood, having surpassed the Vanguard Group, which last disclosed ownership of 9,480,309 shares, and State Street Corp., with 8,352,161 shares.