Paul Singer’s Elliott Management has filed its 13F with the SEC for the reporting period of March 31. The investment manager boasts an equity portfolio valued at $8.12 billion, with its top ten stock holdings accounting for 72.08% of its overall portfolio, making highly concentrated. Paul Singer made 16 new purchases in the quarter along with additional purchases in to ten other stocks. Technology, energy, and consumer discretionary are among the primary investment sectors of the fund manager, with Hess Corp. (NYSE:HES), Juniper Networks, Inc. (NYSE:JNPR) and EMC Corporation (NYSE:EMC) being among his top stock picks. Singer has also made investments in several small-cap companies, which we are going to discuss in this article, including Riverbed Technology, Inc. (NASDAQ:RVBD) and Informatica Corporation (NASDAQ:INFA).
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With 14.97 million shares valued at $312.95 million, Riverbed Technology, Inc. (NASDAQ:RVBD) was the largest small-cap stock holding of Singer. The independent computing services provider had a market cap of $3.31 billion and its shares were trading at $20.99, having improved by 2.87% through April 24, before its acquisition by private equity firm, Thoma Bravo was completed and the company taken private. Riverbed Technology, Inc. (NASDAQ:RVBD) was a market leader in application performance infrastructure and its acquisition was valued at $3.5 billion with its shareholders receiving $21.00 in cash for each share of the company. Nick Niell‘s Arrowgrass Capital Partners was another leading shareholder of Riverbed Technology with 8.19 million shares of the firm.
Informatica Corporation (NASDAQ:INFA) comes in at number two in the small-cap stock holdings of Elliott Management, with the position amounting to 5.95 million shares valued at $260.88 million. The enterprise solutions provider has a market cap of $5.05 billion and its shares have grown 26.05% year-to-date. Informatica Corporation (NASDAQ:INFA) announced its acquisition by a company which is under the control of Permira Funds and the Canada Pension Plan Investment Board, for nearly $5.3 billion. However the announcement backfired on the company when one of its investors filed a lawsuit stating that the offer was an undervaluation of the tech firm and the process of acquisition was unfair to the shareholders of Informatica Corporation (NASDAQ:INFA). Matt Sirovich and Jeremy Mindich‘s Scopia Capital is one of the primary investors of the company.
Paul Singer owns 14.66 million shares of Companhia de Saneamento Basico (ADR) (NYSE:SBS), with a market value of $79.45 million. The Brazilian firm has a market cap of $4.29 billion and its shares are trading at $5.89 with a current P/E ratio of 13.54. One of the interesting financial figures about the company includes its high dividend yield of 7.99%. Companhia de Saneamento Basico (ADR) (NYSE:SBS) reported gloomy financial results for its first quarter of 2015 as its net quarterly revenue fell 11.6% year-over-year to $863.1 million. What was even more worrying was that the net income of the sanitary services provider fell 33.4% year-over-year to $111.3 million. Impax Asset Management and Arrowstreet Capital hold substantial investments in Companhia de Saneamento Basico (ADR) (NYSE:SBS).
FCB Financial Holdings Inc (NYSE:FCB) is another small-cap holding of Elliott Management. The current position of the fund in the national bank holding company includes 2.58 million shares with a market value of $70.58 million. The banking service provider has a market cap of $1.19 billion and its shares have grown 16.72% year-to-date. As many as five analysts tracking FCB Financial Holdings Inc (NYSE:FCB) have given it a “Strong Buy” rating with a 1-year target price of $30.20, which indicates an upside of 4.45% from its current share price. Leon Cooperman‘s Omega Advisors is the second largest stock holder of the banking institution after Elliott Management.
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