Roberto Mignone Buys Cott (COT)

Roberto Mignone's hedge fund firm Bridger Management just filed a 13G with the SEC regarding shares of Cott (COT). Due to portfolio activity on February 25th, Bridger has disclosed a 6.8% ownership stake in COT with 6,400,000 shares. This is a brand new position for the hedge fund and you can see the rest of Bridger's investments here.

This is now the second major hedge fund to invest in Cott over the past few months. As we've previously singled out, David Gallo's Valinor Management started a stake in the company back in December and recently increased its Cott position. The interesting thing here is that prior to founding Valinor, Gallo worked at Bridger. As such, the fact that both hedge funds have recently acquired positions in the same company isn't that surprising.

The other unique aspect of this investment is that shares are largely trading around the levels where these managers purchased COT. While disclosures filed with the SEC are time-lagged and on a slightly delayed basis, this is a rare opportunity where shares haven't been massively bid up from the level where the hedge fund established a position.

COT recently reported earnings largely in-line with estimates. Analysts are expecting continued margin pressures (cost inflation) at the company. On the positive side, they also expect increased synergies and the pay-down of debt to help offset this.

Per Google Finance, Cott Corp is "a non-alcoholic beverage company and a retailer brand soft drink provider. In addition to carbonated soft drinks (CSDs), its product includes clear, still and sparkling flavored waters, juice-based products, bottled water, energy-related drinks and ready-to-drink teas."

Valinor Management Boosts Cott (COT) Position, Starts Solarwinds (SWI) Stake

David Gallo's hedge fund firm, Valinor Management, recently filed two 13G's with the SEC regarding recent portfolio activity. First, the hedge fund has increased its stake in Cott Corporation (COT). We previously detailed when Valinor started a COT stake back in early December.

Cott Corporation (COTT)

Gallo's firm now shows an 8.8% ownership stake in COT with 8,313,841 shares due to portfolio activity on January 19th. This is a 52% increase in their position size since a month ago.

Readers will be interested to know that shares of COT are largely trading around the level where Valinor established its position in the stock. This is one of those rare opportunities where the timelag in the regulatory disclosure is negligible in allowing an investor to purchase shares at relatively the same price as the hedge fund.

Solarwinds (SWI)

Second, Valinor Management has also revealed a brand new position in Solarwinds (SWI). Due to portfolio activity on January 19th, Gallo's hedge fund shows a 5.4% ownership stake in SWI with 3,803,204 shares.

For more portfolio activity from this hedge fund, we also detailed Valinor's new position in Swift Transportation (SWFT), as well as the addition to their DSW stake (DSW).

Per Google Finance, Cott Corp is "a non-alcoholic beverage company and a retailer brand soft drink provider. In addition to carbonated soft drinks (CSDs), its product includes clear, still and sparkling flavored waters, juice-based products, bottled water, energy-related drinks and ready-to-drink teas."

Solarwinds "designs, develops, markets, sells and supports enterprise information technology (IT), management software to IT professionals in organizations of all sizes. The Company’s offerings ranges from individual software tools to software products, which solve problems faced every day by IT professionals and help to enable management of networks and IT environments."

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Valinor Management Starts Cott Corporation (COT) Stake

David Gallo's hedge fund Valinor Management has disclosed a brand new position in Cott Corporation (COT) via a 13G filed with the SEC. Due to portfolio activity on December 2nd, Valinor has revealed a 5.8% ownership stake in COT with 5,457,532 shares. In their last 13F filing (portfolio disclosed as of September 30th), Valinor did not show a position in COT. As such, they've assembled this brand new stake over the past two and a half months.

Other portfolio activity out of Gallo's hedge fund we detailed includes a past increase in their Gymboree (GYMB) stake. This position turned out well as the company was bought out by Bain Capital.

Before founding Valinor, Gallo worked at Roberto Mignone's Bridger Management and earned his MBA at Harvard Business School. His firm is named after lands inhabited by immortal souls from the books by J.R.R. Tolkien.

Per Google Finance, Cott is "a non-alcoholic beverage company and a retailer brand soft drink provider. In addition to carbonated soft drinks (CSDs), its product includes clear, still and sparkling flavored waters, juice-based products, bottled water, energy-related drinks and ready-to-drink teas."

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