Pittencrieff Partners – Gabalex Capital is a New York-based investment advisory firm that offers asset and investment management services to a wide range of clients. The firm is fully registered to operate as an investment manager. Pittencrieff Partners – Gabalex Capital submitted its SEC 13F filings for the period ended September 30, 2014, indicating that Wal-Mart Stores, Inc. (NYSE:WMT), Home Depot Inc (NYSE:HD), and W W Grainger Inc (NYSE:GWW) were its top three holdings.
The biggest investment of Pittencrieff Partners – Gabalex Capital was Wal-Mart Stores, Inc. (NYSE:WMT) with investment valued at $53.53 million. Wal-Mart Stores, Inc. (NYSE:WMT) is a multinational retailer that runs several large discount departmental stores and large warehouses. Berkshire Hathaway held the largest number of shares, with a total of 60.39 million shares. The hedge fund that followed by Bill & Melinda Gates Foundation Trust with a total of 11.60 million shares. (You can see complete list on hedge funds which hold positions on Wal-Mart Stores, Inc. (NYSE:WMT) at the end of the third quarter).
Home Depot Inc (NYSE:HD) emerged as the second largest investment of the firm with investment totaling $32.11 million in value. Home Depot Inc (NYSE:HD) is an American retailer that specializes on home improvement and construction products and related services. The company became a victim of a data breach, something that has led to more than 44 lawsuits in Canada alone. Home Depot Inc (NYSE:HD) has revealed that it has spent up to $43 million as a result of the suits.
The third largest investment of Pittencrieff Partners – Gabalex Capital was W W Grainger Inc (NYSE:GWW), accounting for investment valued at $31.46 million. W W Grainger Inc (NYSE:GWW) is a Fortune 500 company that specializes in industrial supplies. The company was recently rated “neutral” by Zacks, a firm that currently has a price target of $260 on the stock. W W Grainger Inc (NYSE:GWW) posted a 13% increase year over year in its third quarter 2014 earnings, compared to the same quarter last year.
This article has been written by Victor Ochieng.
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