James A. Star‘s Longview Asset Management recently filed a Form 13G with the SEC, in which it disclosed a new stake in Univar Inc. (NYSE:UNVR). Longview Asset Management reported owning 12.05 million common shares of Univar Inc. (NYSE:UNVR) which account for 8.73% of the company’s outstanding stock.
Univar (NYSE:UNVR) is a company which distributes chemistry and related products ascross the U.S, Canada, Europe, the Middle East, Africa, and other parts of the world. Recently, the company’s ChemCareSM Waste Management Service gained high recognition in the form of being awarded the OSHA’s Highest Certification for Exemplary Safety and Health Management. Over the past 12 months, the company’s shares have dropped by 22.4%. For the first quarter of 2016, Univar (NYSE:UNVR) reported GAAP earnings per share of $0.10, in-line with estimates, and revenue of $2.00 billion, slightly above the estimates of $1.97 billion.
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As per our database, the most valuable position in Univar (NYSE:UNVR) at the end of March was held by John Smith Clark’s Southpoint Capital Advisors, worth close to $57.1 million, with the second-biggest position being reported by John A. Levin’s Levin Capital Strategies, valued at $45.1 million. Other investors long the stock were Matthew Iorio’s White Elm Capital, Ken Griffin’s Citadel Investment Group, and Israel Englander’s Millennium Management.
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On the other hand, investors who lost interest in Univar (NYSE:UNVR), and sold off their positions during the quarter were Glenn Russell Dubin’s Highbridge Capital Management, which said goodbye to $11.6 million in stock, and Adam Weiss’ Stillwater Investment Management, which cut about $6.1 million worth of shares.
You can access the original SEC filing by clicking here.
Ownership Summary Table
| Name | Sole Voting Power | Shared Voting Power | Sole Dispositive Power | Shared Dispositive Power | Aggregate Amount Owned Power | Percent of Class |
|---|---|---|---|---|---|---|
| Longview Asset Management | 6. | 12,048,386 | 8. | 12,048,386 | 12,048,386 | 8.73% |
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Page 1 of 5 – SEC Filing
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
__________
| Univar Inc. |
| (Name of Issuer) |
| Common Stock, $0.01 par value per share |
| (Title of Class of Securities) |
| 91336L107 |
| (CUSIP Number) |
| May 27, 2016 |
| (Date of Event Which Requires Filing of this Statement) |
| ☐ | Rule 13d-1(b) |
| ý | Rule 13d-1(c) |
| ☐ | Rule 13d-1(d) |
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Page 2 of 5 – SEC Filing
| 1. | NAME OF REPORTING PERSON Longview Asset Management, LLC | |||
| 2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a) ☐ (b) ☐ | ||
| 3. | SEC USE ONLY | |||
| 4. | CITIZENSHIP OR PLACE OF ORGANIZATION Delaware | |||
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: | 5. | SOLE VOTING POWER — | ||
| 6. | SHARED VOTING POWER 12,048,386 | |||
| 7. | SOLE DISPOSITIVE POWER — | |||
| 8. | SHARED DISPOSITIVE POWER 12,048,386 | |||
| 9. | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 12,048,386 | |||
| 10. | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ☐ | |||
| 11. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 8.73% | |||
| 12. | TYPE OF REPORTING PERSON IA | |||
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Page 3 of 5 – SEC Filing
| Item 1(a). | Name of Issuer: | ||
| Univar Inc. | |||
| Item 1(b). | Address of Issuer’s Principal Executive Offices: | ||
| 3075 Highland Parkway, Suite 200, Downers Grove, IL 60515 | |||
| Item 2(a). | Name of Person Filing: | ||
| Longview Asset Management, LLC (“Longview”) | |||
| Item 2(b). | Address of Principal Business Office or, if none, Residence: | ||
| 222 N. LaSalle Street, Suite 2000, Chicago, Illinois 60601 | |||
| Item 2(c). | Citizenship: | ||
| Delaware | |||
| Item 2(d). | Title of Class of Securities: | ||
| Common Stock, $0.01 par value per share | |||
| Item 2(e). | CUSIP Number: | ||
| 91336L107 | |||
| Item 3. | If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), indicate type of person filing. Not applicable. | ||
| Item 4. | Ownership. | ||
| (a) | Amount beneficially owned: See row 9 of the cover page. | ||
| (b) | Percent of class: See row 11 of the cover page. | ||
| (c) | Number of shares as to which such person has: | ||
| (i) | Sole power to vote or direct the vote: See row 5 of the cover page. | ||
| (ii) | Shared power to vote or direct the vote: See row 6 of the cover page. | ||
| (iii) | Sole power to dispose or to direct the disposition of: See row 7 of the cover page. | ||
| (iv) | Shared power to dispose or to direct the disposition of: See row 8 of the cover page. | ||
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Page 4 of 5 – SEC Filing
| Percent of class is based on (i) the number of shares that may be deemed to be beneficially owned by Longview as of May 27, 2016 and (ii) the number of shares of common stock outstanding as of April 18, 2016 (137,987,407 shares) as reported by the Issuer in its most recent Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on May 5, 2016. | |
| Item 5. | Ownership of Five Percent or Less of a Class. |
| Not applicable. | |
| Item 6. | Ownership of More than Five Percent on Behalf of Another Person. |
| Not applicable. | |
| Item 7. | Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person. |
| Not applicable. | |
| Item 8. | Identification and Classification of Members of the Group. |
| Not applicable. | |
| Item 9. | Notice of Dissolution of Group. |
| Not applicable. | |
| Item 10. | Certifications. |
| Not applicable. | |
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Page 5 of 5 – SEC Filing
| Longview Asset Management, LLC | |||
| June 6, 2016 | By: | /s/Aaron Rappaport | |
| Name: Aaron Rappaport | |||
| Title: Vice President and Chief Compliance Officer | |||
