- Mick McGuire’s 13F portfolio value increased from $804M to $877M this quarter.
- Marcato Capital Management increased Terex while adding Itron.
- The largest three individual stock positions are Deckers Outdoor, Terex Corp., and Buffalo Wild Wings and they add up to ~42% of the portfolio.
Mick McGuire’s 13F portfolio value increased ~9% from $804M to
$877M this quarter. Recent 13F reports show ~20 individual stock positions. The
top five stakes are Deckers Outdoor (DECK), Terex Corporation (TEX), Buffalo
Wild Wings (BWLD), IAC Interactive (IAC), and Goodyear Tire & Rubber (GT) and
they add up to ~61% of the 13F portfolio.
Notes: Marcato won a proxy battle for Buffalo Wild Wings and
that resulted in the CEO exit earlier in 2017. In December 2017, they lost a
proxy battel with Deckers Outdoor. Regulatory Filings show them owning 2.7M
shares (8.5% of the business) of DECK. This is compared to 1.95M shares
reported in the 13F. 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.
Below is a spreadsheet that shows the changes to Mick
McGuire's Marcato Capital US long portfolio holdings as of Q3 2017. For a look
at how the portfolio has progressed, see our previous update:
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