A brief overview of Iridian Asset Management’s 13F filing
Key takeaways from Iridian Asset Management’s 4Q14 Holdings (Part 1 of 8)
Iridian Asset Management’s updated positions
Iridian Asset Management is a value-oriented investment management firm, pursuing active equity investment strategies catering to institutional investors, including public pension funds and endowments and foundations.
In its recent 13F filing, the fund made a disclosure of new positions, sales in an existing position, and changes in the holdings of its existing positions in its 4Q14 portfolio. The table below illustrates the major position changes for the fund in its portfolio for the fourth quarter of 2014.
Iridian’s top ten holdings in its 4Q14 portfolio
Iridian Asset Management witnessed a rise in the size of its portfolio from $9.7 billion in 3Q14 to $10.7 billion in 4Q14. The top holdings of the fund are summarized in the following table:
Iridian’s key position changes for 4Q14
Iridian initiated new positions in Micron Technology (MU) and Targa Resources (TRGP). The fund exited its position in FMC Corp. (FMC) and Occidental Petroleum Corp (OXY). Iridian adopted a bullish stance to Masco Corp. (MAS) and a bearish stance with respect to NCR Corporation (NCR) and AutoZone (AZO). Micron, in which Iridian initiated a stake, has a 0.89% representation in the Technology Select Sector SPDR Fund (XLK).
In the next part of this series, we will discuss Iridian’s new position in Micron Technology.
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