- Mick McGuire’s 13F portfolio value increased from $877M to $1.09B this quarter.
- Marcato Capital Management dropped Goodyear Tire while increasing Itorn and Rayonier Advanced Materials.
- The largest three individual stock positions are Deckers Outdoor, Terex Corp., and IAC Interactive and they add up to ~42% of the portfolio.
Mick McGuire’s 13F portfolio value increased ~24% from $877M
to $1.09B this quarter. The increase was primarily due to an offsetting
position in Buffalo Wild Wings PUTs. Recent 13F reports show ~20 individual
stock positions. The top five stakes are Deckers Outdoor (DECK), Terex
Corporation (TEX), IAC Interactive (IAC), DXC Technology (DXC), and Itron Inc.
(ITRI) and they add up to ~53% of the 13F portfolio.
Note 1: In December 2017, they lost a proxy battle with
Deckers Outdoor. Regulatory Filings since the quarter ended show them no longer
holding shares in Deckers Outdoor.
Note 2: In September 2017, McGuire said he expects Terex
Corporation shares to triple although it has already doubled since he first
invested in July 2016. Shares were trading in the low-40s at the time. It
currently trades at $49.33.
Note 3: Regulatory Filings since the quarter ended show them
no longer holding shares in Buffalo Wild Wings. The Arby’s merger resulted in
consideration of $157 per share in cash. Prior to that, Marcato also exercised
950K shares in PUT options thereby disposing of the vast majority of the 992K
share position.
Below is a spreadsheet that shows the changes to Mick
McGuire's Marcato Capital US long portfolio holdings as of Q4 2017. For a look
at how the portfolio has progressed, see our previous update:
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