Did Marvell Technology Group Ltd. (MRVL), Stewart Information Services Corp (STC), and Others Live Up to the Hype?

Kavi Asset Management sold all 40,800 L-3 Communications Holdings, Inc. (NYSE:LLL) shares it had in its portfolio during the third quarter, ending the period with no stake in the company. The fund had upped its holding in the company by 7% in the second quarter, and it turned out fairly well, as the stock delivered 3.2% returns in the third quarter.

L-3 Communications Holdings, Inc. (NYSE:LLL) has seen an increase in enthusiasm from smart money of late. LLL was in 33 hedge funds’ portfolios at the end of the second quarter of 2016. There were 31 hedge funds in our database with LLL positions at the end of the previous quarter. Of the funds tracked by Insider Monkey, Cliff Asness’ AQR Capital Management has the number one position in L-3 Communications Holdings, Inc. (NYSE:LLL), worth close to $172.2 million. Sitting at the No. 2 spot is Ken Griffin of Citadel Investment Group, with a $147 million position. Remaining hedge funds and institutional investors that are bullish consist of Rob Citrone’s Discovery Capital Management, Phill Gross and Robert Atchinson’s Adage Capital Management, and Jim Simons’ Renaissance Technologies.

Kavi Asset Management cut its stake in Zayo Group Holdings Inc (NYSE:ZAYO) by 27% in the third quarter, ending the period with 147,900 shares of the company. The total value of these shares was $4.39 million at the end of September. The stock returned 6.4% during the third quarter, proving to be another solid pick for the fund.

Among the funds in our system, SPO Advisory Corp held the most valuable stake in Zayo Group Holdings Inc (NYSE:ZAYO), which was worth $215 million at the end of the second quarter. On the second spot was Cadian Capital which amassed $156.6 million worth of shares. Moreover, Millennium Management, Brookside Capital, and Criterion Capital were also bullish on Zayo Group Holdings Inc (NYSE:ZAYO).

Disclosure: None