Hound Partners Increases Carter's Stake ~ market folly

Wednesday, July 9, 2014

Hound Partners Increases Carter's Stake

Johnathan Auerbach's hedge fund firm Hound Partners filed an amended 13G with the SEC regarding shares of Carter's (CRI).  Per the filing, Hound now owns 6.92% of the company with over 3.7 million shares.

This means they've boosted the number of shares they own by around 10% since the end of the first quarter.  The filing was made due to activity on June 12th.  Conversely, we pointed out a few months ago that Tiger Global had exited its CRI stake.

We've highlighted other recent portfolio activity from Hound here.

Per Google Finance, Carter's is "a branded marketer of apparel for babies and young children in the United States. The Company owns two brand names in the children’s apparel industry, Carter’s and OshKosh. Its Carter’s brand provides apparel for children sizes ranging from newborn to seven. OshKosh brand provides its line of apparel for children sizes newborn to 12. Its Carter’s, OshKosh, and related brands are sold to national department stores, chain and specialty stores and discount retailers."

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