Oss Capital LLC is a New York-based employee-owned hedge fund sponsor that invests in public equity markets of the U.S. The firm was founded in 2001, and provides its services to pooled investment vehicles. The SEC 13F filings of Oss Capital LLC for the third quarter ended September 30, 2014, shows that its top three holdings for the period are Covanta Holding Corp (NYSE:CVA), Verint Systems Inc. (NASDAQ:VRNT), and Hertz Global Holdings, Inc. (NYSE:HTZ).
The filings showed that Covanta Holding Corp (NYSE:CVA) was the biggest investment of Oss Capital LLC with a total investment value of $10.2 million. Covanta Holding Corp (NYSE:CVA) is a worldwide company that owns and operates large infrastructure for the conversion of waste to energy. The company also owns power generation projects. Levin Capital Strategies was the biggest holder of the company’s shares with 10.6 million shares. The second biggest holder was Third Avenue Management with 6.5 million shares. (You can see complete list of hedge funds which hold positions on Covanta Holding Corp (NYSE:CVA) at the end of third quarter.)
The second investment was Verint Systems Inc. (NASDAQ:VRNT), accounting for investment worth $10.17 million. Verint Systems Inc. (NASDAQ:VRNT) is a company that specializes in the development and commercialization of analytic software and hardware solutions for the security, business intelligence, and surveillance purposes. The company has been given a consensus “buy” rating by ten brokerages currently analyzing the stock. The average price target issued by the brokerages is $60.75 for a 12 month period. The top three shareholders of Verint Systems Inc. (NASDAQ:VRNT) are Wellington Management Co. LLP, Cadian Capital Management LP, and The Vanguard Group, Inc.
Hertz Global Holdings, Inc. (NYSE:HTZ) was the third investment of Oss Capital LLC, representing a total investment value of $8.13 million. Hertz Global Holdings, Inc. (NYSE:HTZ) is a car rental company that currently operates in 145 countries mainly in the U.S. and Europe. The top three shareholders of Hertz Global Holdings, Inc. (NYSE:HTZ) are Icahn Associates Corp, Vanguard Group, Inc., and SRS Investment Management, LLC.
This article has been written by Victor Ochieng.