HARBERT MANAGEMENT CORP
Follow13F filer, CIK 1259933, Birmingham, AL
HARBERT MANAGEMENT CORP reported $183,482,000 across 27 holdings for the quarter ended 2013-09-30, in a 13F-HR filed 2013-11-14. Its ten largest share positions make up 73.04% of the portfolio.
Filed (acceptance time not in the bulk data set), ingested 13F-HR 0000919574-13-006358
- Period
- 2013-09-30
- Reported value
- $183M
- Holdings
- 27
- Top 10 weight
- 73.04%
- New
- 9
- Sold out
- 10
Largest buys vs the previous quarter
| Security | Shares change | Approx. value |
|---|---|---|
| MSFTnew | +275,000 | $9.16M |
| AZNnew | +175,000 | $9.09M |
| DEAN FOODS CO NEWnew | +425,000 | $8.2M |
| TRIPLE-S MGMT CORPnew | +224,000 | $4.12M |
| URS CORP NEWnew | +75,500 | $4.06M |
Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.
Largest sells vs the previous quarter
| Security | Shares change | Approx. value |
|---|---|---|
| DEAN FOODS CO NEWexited | -875,000 | -$8.77M |
| EXELIS INCreduced | -400,000 | -$6.28M |
| TSNexited | -225,000 | -$5.78M |
| CAREFUSION CORPexited | -150,000 | -$5.53M |
| WHITEWAVE FOODS COexited | -350,000 | -$5.32M |
Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.
Holdings, Q3 2013
Share positions as resolved from 13F-HR 0000919574-13-006358, largest first. % of portfolio is the value over $114,167,000, the sum of the share positions whose value is usable for ratios (method).
| Security | History | Shares | Value | % of portfolio | Change | Latest event | Timeline |
|---|---|---|---|---|---|---|---|
| ORCLORACLE CORP | 325,000 | $10.8M | 9.44% | -25,000 | Timeline | ||
| LLOEWS CORP | 200,000 | $9.35M | 8.19% | 0 | Timeline | ||
| MSFTMICROSOFT CORP | 275,000 | $9.16M | 8.02% | new | Timeline | ||
| AZNASTRAZENECA PLC-SPONS ADR | 175,000 | $9.09M | 7.96% | new | Timeline | ||
| HESS CORPHESS CORP | 110,000 | $8.51M | 7.45% | 0 | |||
| TEVATEVA PHARMACEUTICAL INDS LTD | 225,000 | $8.5M | 7.45% | -25,000 | Timeline | ||
| DEAN FOODS CO NEWDEAN FOODS CO NEW | 425,000 | $8.2M | 7.19% | new | |||
| EXELIS INCEXELIS INC | 500,000 | $7.86M | 6.88% | -400,000 | |||
| MARATHON OIL CORPMARATHON OIL CORP | 185,000 | $6.45M | 5.65% | -65,000 | |||
| AMERICAN INTL GROUP INCAMERICAN INTL GROUP INC | 290,000 | $5.5M | 4.81% | 0 | |||
| NBHCNATIONAL BK HLDGS CORP | 225,000 | $4.62M | 4.05% | -33,822 | Timeline | ||
| TRIPLE-S MGMT CORPTRIPLE-S MGMT CORP | 224,000 | $4.12M | 3.61% | new | |||
| URS CORP NEWURS CORP NEW | 75,500 | $4.06M | 3.55% | new | |||
| CIT GROUP INC COM NEWCIT GROUP INC COM NEW | 75,000 | $3.66M | 3.2% | -15,000 | |||
| NWSANEWS CORP NEW | 225,000 | $3.61M | 3.17% | new | Timeline | ||
| XLFSELECT SECTOR SPDR TR | 150,000 | $2.99M | 2.62% | 0 | Timeline | ||
| AIGAMERICAN INTL GROUP INC | 60,000 | $2.92M | 2.56% | -25,000 | Timeline | ||
| SAIC INCSAIC INC | 56,250 | $2.56M | 2.24% | new | |||
| HBIOHARVARD BIOSCIENCE INC | 225,000 | $1.18M | 1.04% | -107,000 | Timeline | ||
| ENZNENZON PHARMACEUTICALS INC | 241,800 | $406K | 0.36% | -109,900 | Timeline | ||
| ENGILITY HLDGS INCENGILITY HLDGS INC | 11,612 | $368K | 0.32% | -163,388 | |||
| CHARTER FINANCIAL CORPCHARTER FINANCIAL CORP | 25,900 | $280K | 0.25% | new |
Options
Puts and calls, as filed. The amount and value describe the underlying shares, not the option premium, so they stay out of % of portfolio (H5).
| Security | Type | Amount | Value | Change |
|---|---|---|---|---|
| TSLATESLA INC COM | put | 311,000 | $60.2M | -9,000 |
| MUMICRON TECHNOLOGY INC COM | call | 200,000 | $3.49M | +180,000 |
| BARRICK GOLD CORPBARRICK GOLD CORP COM | call | 140,000 | $2.61M | -10,000 |
| CLIFFS NATURAL RESOURCESCLIFFS NATURAL RESOURCES COMMON STOCK | put | 100,000 | $2.05M | -160,000 |
| SANOFISANOFI COMMON STOCK-FO | call | 500,000 | $1.01M | new |
Sold out in Q3 2013
Positions in the previous quarter's report that this quarter's report no longer lists.
| Security | Shares before | Value before | Type |
|---|---|---|---|
| DEAN FOODS CO NEWDEAN FOODS CO NEW | 875,000 | $8.77M | shares |
| TSNTYSON FOODS INC | 225,000 | $5.78M | shares |
| CAREFUSION CORPCAREFUSION CORP | 150,000 | $5.53M | shares |
| WHITEWAVE FOODS COWHITEWAVE FOODS CO | 350,000 | $5.32M | shares |
| SAFTSAFETY INS GROUP INC | 90,000 | $4.37M | shares |
| INTERPUBLIC GROUP COSINTERPUBLIC GROUP COS | 250,000 | $3.64M | shares |
| CARBO CERAMICS INCCARBO CERAMICS INC | 40,000 | $2.7M | put |
| NEWS CORP INCNEWS CORP INC | 150,000 | $2.29M | shares |
| SANOFISANOFI | 500,000 | $965K | shares |
| NORDION INCNORDION INC | 100,000 | $740K | shares |
How Q3 2013 was built
Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).
| Filing | Role | Amendment | Filed | Accepted | Ingested |
|---|---|---|---|---|---|
| 13F-HR 0000919574-13-006358 | base | 2013-11-14 | acceptance time not in the bulk data set |