Tracking Mick McGuire’s Marcato Capital Management Portfolio – Q1 2019 Update

• Mick McGuire’s 13F portfolio value increased from $454M to $644M this quarter. 
• Marcato Capital Management added a huge short position in iShares Russell 2000 thru selling Puts during the quarter. 
• The largest three individual stock positions are IAC Interactive (IAC), Terex Corp (TEX), and Rayonier Advanced Materials (RAYM) and they add up to ~50% of the portfolio. 

Mick McGuire’s 13F portfolio value increased ~42% from $454M to $644M this quarter. Recent 13F reports show ~20 individual stock positions. The top five stakes are IAC Interactive (IAC), Terex Corp (TEX), Rayonier Advanced Materials (RYAM), DXC Technology (DXC), and Fortune Brands Home & Security (FBHS) and they add up to around ~58% of the 13F portfolio.

Note: In September 2018, McGuire said he expects Terex Corporation shares to triple although it had already doubled since he first invested in July 2016. Shares were trading in the low-40s at the time. It currently trades at $31.47.

Below is a spreadsheet that shows the changes to Mick McGuire's Marcato Capital 13F portfolio holdings as of Q1 2019. For a look at how the portfolio has progressed, see our previous update:

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