Makaira Partners Buys More Wesco Aircraft

Tom Bancroft's Makaira Partners has filed a Form 4 with the SEC regarding its stake in Wesco Aircraft Holdings (WAIR). 

Per the filing, Makaira acquired WAIR shares on March 1st and 5th.  In total, they bought 83,810 shares, with the bulk of the transaction coming at a weighted average price of $9.2699 per share. 

After these buys, they now own 10.81 million shares.  Bancroft and his family also own shares personally, according to the filing.  We've also previously detailed how Makaira was buying WAIR last August as well.

Per Google Finance, Wesco Aircraft Holdings is "a distributor and provider of supply chain management services to the global aerospace industry. The Company operates through two segments: North America and Rest of World. As of September 30, 2016, the Company supplied over 565,000 active stock-keeping units (SKUs), including C-class hardware, chemicals, electronic components, bearings, tools and machined parts. The Company's products include Hardware, Chemicals, Electronic Components, Bearings and Other Products. Its Services include Quality Assurance, Kitting and JIT Supply Chain Management. It caters to commercial, military and general aviation sectors, including the original equipment manufacturers (OEMs) and their subcontractors, through which it supports various Western aircraft programs, and also sells products to airline-affiliated and independent maintenance, repair and overhaul (MRO) providers. It also services industrial customers."

Makaira Partners Buys Wesco Aircraft Holdings Again

Tom Bancroft's Makaira Partners has filed a Form 4 with the SEC noting they've been buying  more shares of Wesco Aircraft Holdings (WAIR).  Last week, we drew attention to the fact that Makaira was buying WAIR shares.

Their latest round of buying comes on August 25th, 28th, and 29th.  In total, they acquired 79,184 shares at various prices ranging from $7.975 to $8.10.  After these transactions, Makaira now owns over 10.17 million WAIR shares.

Per Google Finance, Wesco Aircraft Holdings is "a distributor and provider of supply chain management services to the global aerospace industry. The Company operates through two segments: North America and Rest of World. As of September 30, 2016, the Company supplied over 565,000 active stock-keeping units (SKUs), including C-class hardware, chemicals, electronic components, bearings, tools and machined parts. The Company's products include Hardware, Chemicals, Electronic Components, Bearings and Other Products. Its Services include Quality Assurance, Kitting and JIT Supply Chain Management. It caters to commercial, military and general aviation sectors, including the original equipment manufacturers (OEMs) and their subcontractors, through which it supports various Western aircraft programs, and also sells products to airline-affiliated and independent maintenance, repair and overhaul (MRO) providers. It also services industrial customers."

Makaira Partners Acquires More Wesco Aircraft Holdings

Tom Bancroft's investment firm Makaira Partners has filed a Form 4 with the SEC regarding its stake in Wesco Aircraft Holdings (WAIR).  Per the filing, Makaira acquired WAIR shares on August 16th, 17th, 18th, and 21st.

They were buying at weighted average prices between $7.65 to $7.85.  In total, they bought 123,067 shares.  After these transactions, they now own over 10 million shares.

Prior to founding Makaira, Bancroft worked with Lou Simpson.

Per Google Finance, Wesco Aircraft Holdings is "a distributor and provider of supply chain management services to the global aerospace industry. The Company operates through two segments: North America and Rest of World. As of September 30, 2016, the Company supplied over 565,000 active stock-keeping units (SKUs), including C-class hardware, chemicals, electronic components, bearings, tools and machined parts. The Company's products include Hardware, Chemicals, Electronic Components, Bearings and Other Products. Its Services include Quality Assurance, Kitting and JIT Supply Chain Management. It caters to commercial, military and general aviation sectors, including the original equipment manufacturers (OEMs) and their subcontractors, through which it supports various Western aircraft programs, and also sells products to airline-affiliated and independent maintenance, repair and overhaul (MRO) providers. It also services industrial customers."

Makaira Partners Trims Capella Education Stake

Tom Bancroft's hedge fund firm Makaira Partners has filed an amended 13G with the SEC regarding their position in Capella Education (CPLA).  Per the filing, Makaira now owns 2.4% of the company with 296,437 shares.

This means they've reduced their position size by 178,420 shares since the third quarter.  The notice was made due to activity on December 31st.

For more from this manager, we just posted up other recent activity from Makaira Partners here.

Per Google Finance, Capella Education is "an online postsecondary education services company. The Company offers doctoral, master’s and bachelor’s programs in the markets. The Company focuses on masters’ and doctoral degrees. The Company targets relevant portions of the adult learner population and provide offerings in demand areas of study such as business and information technology, health care and nursing, social and behavioral science, education and public service leadership. The Company’s support services include: academic services, such as advising, writing, tutoring and research services; administrative services, such as online class registration and transcript requests; library services; financial aid counseling and career counseling services."

Makaira Partners Increases Wesco Aircraft Stake

Tom Bancroft's hedge fund firm Makaira Partners has filed a 13G with the SEC regarding their position in Wesco Aircraft Holdings (WAIR).  Per the filing, Makaira now owns 7.5% of the company with over 7.37 million shares.

This is an increase of over 1.62 million shares since the end of the third quarter.  The filing was made due to portfolio activity on December 31st.  Wesco was already their top holding and they've further increased their stake.

If you're unfamiliar with Makaira, manager Tom Bancroft was listed as one of the people Todd Combs of Berkshire Hathaway would choose when asked who else he would hire.  The other two names were Lou Simpson and Meryl Witmer.   Makaira runs a smaller portfolio, with 10 stocks listed in their Q3 2014 13F filing. 

Per Google Finance, Wesco Aircraft "formerly Wesco Holdings, Inc., a holding company for Wesco Aircraft Hardware Corp. The Company is a distributor and provider of supply chain management services to the global aerospace industry. Its services range from traditional distribution to the management of supplier relationships, quality assurance, kitting, just-in-time (JIT), delivery and point-of-use inventory management."