re FMO, Robertson sells, Icahn buys
Julian Robertson's Tiger Management Down To Holdings In 4 Companies
WASHINGTON -(Dow Jones)- Investor Julian Robertson's Tiger Management group continued winding down its positions during the second quarter, leaving the firm with four holdings valued at $1.07 billion as of June 30.
According to a Form 13F filed Monday with the Securities and Exchange Commission, Tiger Management's remaining holdings are 5.1 million shares of Gtech Holdings Corp. (GTK), 7.9 million shares of United Asset Management Corp. (UAM), 16.5 million shares of US Airways Group Inc. (U) and 3.2 million shares of Xtra Corp. (XTR).
As of March 31, Tiger Management had held 21 positions valued at $1.91 billion. As reported, Robertson announced on March 30 that he was closing the Tiger group of funds and intended to distribute the holdings, in cash, to investors.
Robertson also said the firm would hold its holdings in five firms and would wind those positions down over time. Since filing its 13F for the first quarter, Robertson sold 2 million shares of Bear Stearns Cos. (BSC), 2.6 million shares of Bowater Inc. (BOW), 8.8 million shares of Federal-Mogul Corp. (FMO) and 2 million shares of Navistar International Corp. (NAV).
{ text re other sales ommitted }
Icahn-Linked Investor Opens Stake In Philip Services In 2nd Quarter
WASHINGTON -(Dow Jones)- Riverdale LLC, which is associated with investor Carl Icahn's High River LP, opened a new position during the second quarter and added to two other positions, according to a Form 13F filed Monday with the Securities and Exchange Commission.
The group opened a new stake of 6,642,178 shares in Philip Services Corp. (PSCD). The holdings in the integrated industrial services firm were valued at $42.8 million as of June 30.
Riverdale added to its holdings in Federal-Mogul Corp. (FMO), purchasing 924,300 shares during the second quarter. As of June 30, the firm held 4,592,800 shares of the auto parts manufacturer, valued at $43.9 million. The group also purchased 156,910 shares of Vector Group Ltd. (VGR), raising its holdings in the tobacco company to 1,880,795 shares. The stake was worth $27.7 million at the end of the quarter.
Riverdale reported one other holding, of 14,347,200 shares of Nabisco Group Holdings Inc. (NGH), the same number of shares as on March 31. As of June 30, the stake had a value of $372.1 million.
{ text re MO buyout of NGH ommitted}
Both articles have this byline:
-Todd Goren, Dow Jones Newswires/Federal Filings Business News; 202-628-9782; todd.goren@dowjones.com (This story was originally published by Dow Jones Newswires) Copyright (c) 2000 Dow Jones & Company, Inc. All Rights Reserved- - 12 38 PM EDT 08-14-00 |
