Steadfast hedge fund

Steadfast hedge fund

July 3, 2018

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A $4.7 billion hedge investment supervisor run by a disciple of famous buyer Julian Robertson features in recent days significantly increased its stake in Delek United States Holdings, becoming the 2nd outdoors buyer to possess about 5 % associated with local organization.

New York-based Steadfast Capital control on Monday submitted papers with all the Securities and Exchange Commission saying it had 3.7 million stocks of Delek since June 25. That amounted to 6.2 % of Brentwood-based Delek, which operates refineries in Tx and Arkansas and owns the Mapco chain of gasoline stations, and ended up being up from only 1.9 million stocks after March.

Steadfast is operate by Robert Pitts Jr., one of many a large number of alleged Tiger Cubs who made their level at Robertson's Tiger Management before striking out on their own. The firm's disclosure of the present expenditures - look at the filing here - come on the pumps associated with the latest big sale of Delek United States stock by Israel-based Delek Group, which includes in the last 12 months slashed its stake to not as much as 8 per cent from 30 %.

By our matter, Steadfast and fellow hedge fund Point72 resource Management are now actually the second- and third-largest shareholders of Delek United States, stocks which (Ticker: DK) are level over the past three months. Around noon Tuesday, these people were up somewhat to $29.05.

Company Profile: State Street Corp (NYSE:STT)
Company Profile: State Street Corp (NYSE:STT)
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