13F Time: Bill Ackman Sells Alexander & Baldwin, Nelson Peltz Sells Kraft and Mondelez, Dan Loeb Buys Abbott and AbbVie

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13F season is always fun as it provides a rare (albeit delayed) glimpse into the thinking of large money managers and hedge funds. Of course, due to the significant time lag (~45 days), the exclusion of certain securities (shorts, derivatives etc.) and varying investment strategies and holding periods, the usefulness of such data is…questionable in many cases. Not always though and still fun to go through. Not surprisingly, the latest batch of filings reveals a bunch of spin related names. Here are some examples:

1) Pershing Square, the hedge fun run by Bill Ackman no longer has a stake in Alexander & Baldwin (ALEX). The Hawaiian real estate company has been doing rather well lately. Given the amount of time he is spending fighting off the naysayers (this catfight with Carl Icahn is worth watching) on his Herbalife (HLF) position, it’s a wonder he can focus on anything else.

2) Speaking of Herbalife, one of the managers on the other side of Mr. Ackman’s trade is Dan Loeb, who recently initiated positions in the largest spin of the new year, Abbott (ABT)/Abbvie (ABBV).

3) Nelson Peltz’ Trian Fund Management used to be one of the largest shareholders of Kraft, but its latest filing revealed no position in either Kraft Foods (KRFT) or its spinoff, global snack business Mondelez International (MDLZ).

…and this is but the tip of the iceberg. It’s always interesting to see what the ‘pros’ are thinking and some people even find it valuable to ‘follow along’ with these guys.

Feel free to post any other spin related holding changes in the comment section below.

Disclosure: Author holds no position in any stock mentioned.

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