Here’s Why Advance Auto Parts, Inc. (AAP), Darden Restaurants, Inc. (DRI) and Two Other Stocks Should Be in Your Portfolio

Then there’s WestRock Co (NYSE:WRK), which was one of Starboard’s most profitable investments last quarter, as the stock surged by 25.8%. During the second quarter, the fund increased its exposure to WestRock by 12% to 5.14 million shares valued at $199.84 million. Moreover, 25 funds followed by our team reported stakes in the company as of the end of June, down by 22% over the quarter. Aside from Starboard, Lakewood Capital Management, managed by Anthony Bozza, amassed $88.5 million worth of company’s stock at the end of the second quarter. Moreover, Curtis Macnguyen’s Ivory Capital (Investment Mgmt), Ken Griffin’s Citadel Investment Group and Thomas E. Claugus’s GMT Capital, also ranked among WestRock Co (NYSE:WRK)’s top shareholders.

Even a higher return, Starboard saw from its bet on Brink’S Co (NYSE:BCO), whose stock appreciated by 30.6% during the third quarter. At the end of June, Starboard held a $130.45 million position, which contained 4.58 million shares. There were 24 investors from our database holding shares of Brink’S at the end of June, up by one over the quarter. On the second spot (following Starboard) was Mario Gabelli’s GAMCO Investors with a $64.6 million position. Other investors bullish on the Brink’S Co (NYSE:BCO) included Sagard Capital Partners Management Corp, Ariel Investments, and Diamond Hill Capital.

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