Cantillon Capital Management, run by William von Mueffling, filed its latest 13F in which the fund disclosed its top three best stocks. It also revealed an increase in its total equity portfolio value such that it closed the quarter with more than $4.4 billion ahead of more than $4.3 billion in portfolio value in the previous filing. In its top-three list, the fund has Baidu Inc (ADR) (NASDAQ:BIDU), Fidelity National Information Services (NYSE:FIS) and Harley-Davidson Inc (NYSE:HOG).
Cantillon Capital Management’s position in Baidu Inc (ADR) (NASDAQ:BIDU) in the latest filing amounted to less than 2.3 million shares. It had more than 2.3 million shares in the second quarter of 2014, suggesting that the fund reduced its stake in the $88 billion Chinese Internet search provider. The new position in the stock carries an estimated value of nearly $499 million.
Baidu Inc (ADR) (NASDAQ:BIDU) is also a significant stake in the portfolio of Joho Capital, led by Robert Karr. The fund narrowed its exposure to the stock in the second quarter of 2014 but still held 810,550 shares at the end of that quarter.
Fidelity National Information Services (NYSE:FIS) comes second in Cantillon Capital Management’s top three equity positions. The fund narrowed its exposure to the stock as it only owned about 4.93 million shares in the company, down from more than 5 million in the second quarter of 2014. The new position in the stock was valued at about $278 million in the latest filing.
Fidelity National Information Services (NYSE:FIS) has not seen insider buying since 2013, but a number of insiders have sold the stock this year.
Cantillon Capital Management’s third-largest equity stake is in Harley-Davidson Inc (NYSE:HOG). It reduced its position in the $14 billion holding company during the third quarter of 2014. As such, the fund owned more than 3.7 million shares in the company, down from more than 3.8 million shares in the previous filing.
Talara Capital Management, run by David Zusman, also has Harley-Davidson Inc (NYSE:HOG) among its largest equity positions. The fund trimmed its stake in the company by 24% to 80,000 shares at the end of the second quarter.
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