- Mick McGuire’s 13F portfolio value decreased from $1.16B to $863M this quarter.
- Marcato Capital Management added AAR Corp. while dropping Bank of New York Mellon and United Rentals.
- The largest three individual stock positions are Buffalo Wild Wings, Goodyear Tire & Rubber, and Sotheby’s and they add up to ~43% of the portfolio.
Mick McGuire’s 13F portfolio value decreased ~26% from $1.16B
to $863M this quarter. Recent 13F reports show ~20 individual stock positions.
The top five stakes are Buffalo Wild Wings (BWLD), Goodyear Tire & Rubber
(GT), Sotheby’s (BID), Computer Sciences Corp. (CSC), and Signet Jewelers (SIG)
and they add up to ~66% of the 13F portfolio.
Below is a summary:
Computer Sciences
Corp. (CSC): CSC is a 6.67% portfolio stake established in Q2 2016 at
prices between $32.70 and $52.50 and increased by ~10% last quarter at prices
between $45 and $56. There was another ~18% increase this quarter at prices between
$50.50 and $62.50. It currently trades at $69.06.
Buffalo Wild Wings
(BWLD): BWLD is now the largest position at ~17% of the portfolio. It was
established last quarter at prices between $135 and $171. The stock is now at ~$153.
Bank of New York
Mellon (BK): BK was by far the largest position at more than one-third the
entire portfolio as of Q1 2016. It was established in Q3 2014 at prices between
$38 and $40. Q2 2016 saw a ~43% reduction at prices between $35.49 and $42.39
and that was followed with another ~73% selling last quarter at prices between
$37 and $42. The disposal this quarter was at prices between $39 and $49. The
stock is now at $48.17.
Below is a spreadsheet that shows the changes to Mick
McGuire's Marcato Capital US long portfolio holdings as of Q4 2016. For a look
at how the portfolio has progressed, see our previous update:
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