Wednesday, August 22, 2007

New Trades From Top Activists

Here are a few intereting new trades put on from some of our favorite activist funds as disclosed in their lastest 13F filings (Qtr Ended 06/30/07). The stakes mentioned below are all under 5% so no 13Ds are required and the stakes are not nessecarly 'active', but we thought were interesting.

Williamn Ackman's Pershing Square Capital noted a new 10.3 million share stake in office product retailer Staples Inc. (Nasdaq: SPLS).
Jana Partners noted a new 6.5 million share stake in cable company Charter Communications Inc. (Nasdaq: CHTR), a new 725K share stake in broker Goldman Sachs (NYSE: GS), and a new 3 million share stake in rail service company Trinity Industries Inc. (NYSE: TRN).
Robert Chapman's Chapman Capital disclosed a a 460K shares stake in market research firm Harris Interactive Inc. (Nasdaq: HPOL).
Dan Loeb's ThirdPoint disclosed a new 9.65 million share stake in business software company BEA Systems Inc. (Nasdaq: BEAS), a 2.75 million share stake in REIT Douglas Emmett Inc (NYSE: DEI), and a 1.4 million in Veeco Instruments Inc. (Nasdaq: VECO). A full summary of Loeb's 13F is here.
Carl Icahn's Icahn Management's disclosed a new 2.4 million share stake in department store operator Macy's, Inc. (NYSE: M), a 3.5 million share stake in aluminum company Alcoa (NYSE: AA) and a 3.9 million share stake in packaged foods maker Kraft Foods Inc. (NYSE: KFT). A full summary of Icahn's 13F is here.
MMI Investments disclosed a small 138,300 share stake in utility National Fuel Gas Co. (NYSE: NFG)
Warren Lichtenstein's Steel Partners II disclosed a new 2 million share stake in home improvement retailer Home Depot (NYSE: HD), a 642K share stake in adult entertainment company Playboy Enterprises Inc. (NYSE: PLA), a 4.4 million share stake in oil driller Pride International Inc. (NYSE: PDE)
Atticus Capital disclosed a new 1.6 million share stake in heavy equipment maker Caterpillar Inc. (NYSE: CAT), a 2.1 million share stake in electric utililty Entergy Corp. (NYSE: ETR), and a new 4.6 million share stake in oil driller Transocean Inc. (NYSE: RIG).

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