Scout Capital Starts Sodastream (SODA) & Fresh Market (TFM) Positions ~ market folly

Friday, July 22, 2011

Scout Capital Starts Sodastream (SODA) & Fresh Market (TFM) Positions

James Crichton and Adam Weiss' hedge fund Scout Capital just filed two 13G's with the SEC regarding Sodastream International (SODA) and The Fresh Market (TFM). Both are brand new positions for the hedge fund.

Scout Capital manages over $4 billion. Weiss and Crichton will be presenting investment ideas this October at the Value Investing Congress in New York. Market Folly readers can receive a 42% discount to the event here.

Sodastream International (SODA)

Due to portfolio activity on July 11th, Scout has revealed a 5.07% ownership stake in SODA with 1,010,000 shares. Since this position didn't appear on their first quarter disclosure, they've acquired their entire position sometime over the last three and a half months (with buying activity as recent as last week).

Per Google Finance, Sodastream "is engaged in developing, manufacturing and marketing home beverage carbonation systems and related products. The Company develops manufactures and sells soda makers and exchangeable carbon-dioxide (CO2) cylinders, as well as consumables, consisting of CO2 refills, reusable carbonation bottles and flavors to add to the carbonated water."

The Fresh Market Inc (TFM)

The hedge fund also disclosed a 5.21% ownership stake in Fresh Market (TFM) with 2,500,000 shares (a brand new stake as well). To see what else they've been up to, head to some of Scout's recent portfolio activity.

Per Google Finance, Fresh Market is "a specialty retailer focused on perishable product categories, which include meat, seafood, produce, deli, bakery, floral, sushi and prepared foods. Its non-perishable product categories consist of traditional grocery and dairy products, as well as specialty foods, including bulk, coffee and candy, and beer and wine."

To hear these hedge fund managers' latest stock picks, be sure to head to the Value Investing Congress and take advantage of our discount before it expires next week.

blog comments powered by Disqus