Partner Fund Management, LP, is an employee owned hedge fund providing its services to pooled investment vehicles and manages accounts for corporations. The firm invests globally and has its headquarters in San Francisco, California. The top three holdings of Partner Fund Management, LP, are Vulcan Materials Company (NYSE:VMC), Valeant Pharmaceuticals Intl Inc (NYSE:VRX), and Starwood Hotels & Resorts Worldwide Inc (NYSE:HOT), according to the firm’s SEC 13F filings for the period ended September 30, 2014.
Vulcan Materials Company (NYSE:VMC) came top of the investments of Partner Fund Management, LP, accounting for a total of $278.65 million in investment value. Vulcan Materials Company (NYSE:VMC) is a company that primarily deals with the production and supply of construction materials. Some of the company’s products are crushed stone, sand and gravel as well as asphalt and ready mixed concrete. First Eagle Investment Management came top of the list among funds with the highest shares of the company with a total of 4.87 million shares. This was followed by Partner Fund Management with 4.63 million in shares. (You can see complete list of hedge funds which hold positions on Vulcan Materials Company (NYSE:VMC) at the end of third quarter.)
The second largest investment of the firm was Valeant Pharmaceuticals Intl Inc (NYSE:VRX), with investment valued at $216.62 million. Valeant Pharmaceuticals Intl Inc (NYSE:VRX) is a publicly traded specialty pharmaceuticals company that develops and sells a wide range of pharmaceutical products. Some of the company’s subsidiaries are Bausch & Lomb, Coria Laboratories Ltd, ICN Polfa Rzeszoq SA, just to mention a few. The top three shareholders of Valeant Pharmaceuticals Intl Inc (NYSE:VRX) are Ruane, Cunniff & Goldfarb Inc, Valueact Capital Management, L.p., and T. Rowe Price Associates, Inc.
Starwood Hotels & Resorts Worldwide Inc (NYSE:HOT) emerged as the third largest investment of Partner Fund Management, LP, with investment totaling $215.91 million in value. This a high-end hotel and leisure company based in Stamford, Connecticut with franchises around the globe. The stock declared a quarterly dividend of $0.35 a share, representing an annualized dividend of $1.40 and a yield of 1.87%.
This article has been written by Victor Ochieng.
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