How Palestra Capital’s Investments in Monsanto Company (MON), Mohawk Industries, Inc. (MHK) & Two Other Stocks Performed?

After having cut its stake in Monsanto Company (NYSE:MON) by 6% in the second quarter, Palestra further reduced it by 35% in the following three months as the stock inched down by 0.6%. In this way, the fund disclosed a $40.64 million position containing 397,642 shares as of the end of June. At the end of June, 87 funds tracked by our team held shares of Monsanto Company (NYSE:MON), considerably more than 51 funds a quarter earlier. Among these funds, the largest stake in Monsanto Company (NYSE:MON) was held by Glenview Capital, which reported holding $1.12 billion worth of stock as of the end of the second quarter.It was followed by OZ Management with a $286.8 million position. Other investors holding shares of the company included Mason Capital Management, York Capital Management, and Third Point.

Finally, one of the stocks that Palestra Capital dumped last quarter was Crown Castle International Corp. (NYSE:CCI), in which the fund had previously held 561,000 shares worth $59.96 million. The position was sold as the stock lost 6.2% in the third quarter. At the end of the second quarter, 44 funds followed by us held shares of Crown Castle International, down by three funds over the quarter. Bill & Melinda Gates Foundation Trust was the largest shareholder of Crown Castle International Corp. (NYSE:CCI), with a stake worth $540.9 million reported as of the end of June. Trailing Bill & Melinda Gates Foundation Trust was Highline Capital Management, which amassed a stake valued at $195.9 million. Citadel Investment Group, Soroban Capital Partners, and Millennium Management also held valuable positions in the company.

Disclosure: none