How Marcato Capital’s Bets on Sothebys (BID), Signet Jewelers Ltd. (SIG) & Two Other Stocks Performed in Q3

Marcato Capital Management held over 4.39 million shares of The Goodyear Tire & Rubber Company (NASDAQ:GT) worth $141.79 million at the end of September. The stock grew by 26.2% during the third quarter. The number of funds tracked by us long The Goodyear Tire & Rubber Company (NASDAQ:GT) declined by two to 34 during the second quarter. Among these funds, Adage Capital Management held the most valuable stake in The Goodyear Tire & Rubber Company (NASDAQ:GT), which was worth $217.7 million at the end of June. On the second spot was Citadel Investment Group which amassed $158.9 million worth of shares. Moreover, Diamond Hill Capital, and Atlantic Investment Management were also bullish on The Goodyear Tire & Rubber Company (NASDAQ:GT).

As Signet Jewelers Ltd. (NYSE:SIG)’s stock lost 9.3% in the third quarter, Marcato Capital reduced its position by 26% to 1.3 million shares worth $112.35 million, according to its latest 13F filing. During the second quarter, the number of investors from our database bullish on the company slid to 44 from 55. Select Equity Group held the largest position among these funds, as it amassed $595.3 million worth of stock at the end of June. On the second spot was Corvex Capital, which held $562.3 million worth of shares. Moreover, Abrams Bison Investments, Farallon Capital was also bullish on Signet Jewelers Ltd. (NYSE:SIG).

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