Jacob Rothschild’s Fund Dumps Huge Positions In Alibaba (BABA), Coca-Cola (KO), Buys These Stocks

S&P Global Inc (NYSE:SPGI)

– Shares Owned by RIT Capital (as of September 30): 329,000

– Value of the Holding (as of September 30): $41.63 million

The largest new position that RIT Capital initiated in the third quarter was in S&P Global Inc (NYSE:SPGI). Also bullish on the data analytics company was David Cohen and Harold Levy’s Iridian Asset Management, which disclosed ownership of 3.14 million shares of the stock valued at more than $398 million as of September 30.

Shares of S&P Global Inc (NYSE:SPGI) have spiked by almost 25% year-to-date, but have lost about 1.45% since the fourth quarter started. A few days ago, the company reported third quarter EPS of $1.43 on revenue of $1.44 billion, up by 9.1% year-over-year, beating the Street’s consensus estimates by $0.09 and $20 million, respectively. The stock pays a quarterly dividend of $0.36 per share, for an annualized yield of 1.17%.

Kirby Corporation (NYSE:KEX)

– Shares Owned by RIT Capital (as of September 30): 110,000

– Value of the Holding (as of September 30): $ 6.83 million

Another large new stake in RIT Capital’s portfolio was Kirby Corporation (NYSE:KEX), which accounted for almost 5% of its equity portfolio’s value on September 30. Also long the stock was Chuck Royce’s Royce & Associates, which increased its position by 24% in the third quarter, giving it 1.43 million shares at the end of September.

Kirby Corporation (NYSE:KEX), which lost 3.66% over the third quarter, has rebounded with 9.4% gains since the end of September. As most domestic tank barge operators, Kirby is not often in the news. A few weeks ago, the company posted third-quarter EPS of $0.59, beating the Street’s estimate by $0.04. Revenue of $434.71 million was down by 18.4% year-over-year, but still managed to come in $24.54 million ahead of expectations.

Cemex SAB de CV (ADR) (NYSE:CX)

– Shares Owned by RIT Capital (as of September 30): 703,040

– Value of the Holding (as of September 30): $5.58 million

Finally, there’s Cemex SAB de CV (ADR) (NYSE:CX), a new stake that accounted for more than 4% of the value of the firm’s equity portfolio. Also confident on the company was Dmitry Balyasny’s Balyasny Asset Management, which more than doubled its positon over the third quarter, declaring ownership of 8.7 million shares, or $69.1 million in stock, as of September 30.

Cemex SAB de CV (ADR) (NYSE:CX) has had a very good year, with its stock having appreciated by more than 38%. The fourth-quarter has not been as great though; after a nice start, shares tumbled, driven by a decline in sales in the third quarter, and, especially, by the election of Donald Trump as the next President of the U.S.

Disclosure: Javier Hasse holds no interest in any of the securities or entities mentioned above.