Pine River Capital Management L.P is an assets management firm that trades fixed incomes, warrants, stocks, derivatives and listed investment vehicles. The firm was found in 2002 by Brian Taylor and is located in Minnetinka, MN. Pine River Capital Management L.P submitted its SEC 13F filling for the period ended September 30, 2014, which indicated that its top three holdings were American Capital Ltd (NASDAQ:ACAS), Verizon Communications Inc. (NYSE:VZ) and Medtronic Inc. (NYSE:MDT).
The top investment of Pine River capital Management L.P was American Capital Ltd (NASDAQ:ACAS) with investment valued at $156.7 million. American Capital Ltd (NASDAQ:ACAS) underwrites and manages investments in middle market private equity, real estate, structured products, leveraged finance and energy & infrastructure. Fir Tree was the primary shareholder of the firm with a total of 12.3 million shares. Jana Partners followed closely with shares accounting to 12.1 million. (You can see complete list on hedge funds which hold positions on American Capital Ltd (NASDAQ:ACAS) at the end of the third quarter).
Verizon Communications Inc. (NYSE:VZ) was the second largest investment of the firm with investment valued at $119.98 million. Verizon Communications Inc. (NYSE:VZ) is an American telecommunications and broadband company. The operations of the company are divided into three business units’ namely residential &small business services, wireless and enterprise services. Verizon Communications Inc (NYSE:VZ) on October 21, 2014 reported $0.89 earnings per share for the quarter, missing the analysts’ consensus estimates by $0.03.
Medtronic Inc. (NYSE:MDT) was the third largest investment of Pine River Capital Management with a total investment of $118.05 million. Medtronic Inc. (NYSE:MDT) is a company that designs and develops diagnostic and therapeutic healthcare products. The company reported $0.96 earnings per share for the third quarter of 2014, meeting the consensus estimate of $0.96. Analysts at Deutsche Bank recently gave Medtronic Inc. (NYSE:MDT) a “buy” rating and a price target of $63.84.
This article has been written by Victor Ochieng.