- Mick McGuire’s 13F portfolio decreased from $1.23B to $1.16B this quarter.
- Marcato Capital Management added Buffalo Wild Wings while reducing Bank of New York Mellon and United Rentals.
- The largest three individual stock positions are Sotheby’s, Goodyear Tire & Rubber, and Buffalo Wild Wings and they add up to ~40% of the portfolio.
Mick McGuire’s 13F portfolio decreased ~6% from $1.23B to $1.16B this quarter. Recent 13F reports show ~20 individual stock positions. The top five stakes are Sotheby’s (BID), Goodyear Tire & Rubber (GT), Buffalo Wild Wings (BWLD), Bank of New York Mellon (BK), and Liberty Broadband (LBRDA) (LBRDK) and they add up to ~57% of the 13F portfolio.
Below is a look at the significant moves this quarter:
Bank of New York Mellon (BK): BK was by far the largest position at almost one-third the entire portfolio. It was established in Q3 2014 at prices between $38 and $40. Last quarter saw a ~43% reduction at prices between $35.49 and $42.39 and that was followed with another ~73% selling this quarter at prices between $37 and $42. The stock is now at $48.08. The position is still a top-five stake at ~10% of the portfolio.
Signet Jewelers (SIG) and Computer Sciences Corp. (CSC): These are fairly large stakes established last quarter. The 6.46% of the portfolio SIG position was purchased at prices between $79 and $124 and reduced by ~25% this quarter at prices between $73 and $96. The stock currently trades at $87.97. CSC is a 6.67% portfolio stake established at prices between $32.70 and $52.50 and increased by ~10% this quarter at prices between $45 and $56. It currently trades at $59.33. The stock spiked last May following the announcement of the merger with Enterprise Service Segment of Hewlett Packard Enterprise (HPE).
Buffalo Wild Wings (BWLD): BWLD is large (top three) 11.53% portfolio stake established this quarter at prices between $135 and $171. The stock is now at $151.
Other activities in the quarter include significant reductions in the large stakes in Sotheby’s (BID), United Rentals (URI), and Macys (M).
Below is a spreadsheet that shows the changes to Mick McGuire's Marcato Capital US long portfolio holdings as of Q3 2016. For a look at how the portfolio has progressed, see our previous update:
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