Jason Karp’s Tourbillon Capital Partners Reported increased Interest in SunOpta, Inc. (USA) (NASDAQ:STKL)
Tourbillon Capital Partners filed with SEC a SC 13G/Aform about Sunopta Inc. The form can be accessed here: 000101359415000505. As reported by Jason Karp’s Tourbillon Capital Partners, the filler increased its stake in the stock by 38.71% for 8,517,724 shares. Jason Karp’s Tourbillon Capital Partners currently owns 9.98% of the Consumer Staples- stock. This ownership filing was filed because activity on September 25, 2015.
The hedge fund with about $1.12 billion looks more positive after reporting such an increase of its Sunopta Inc ownership.
The hedge fund is active investor in the Finance sector. In the manager’s latest 13-F, we saw a few other positions. Its 29% of Jason Karp’s Tourbillon Capital Partners’s US portfolio.
Sunopta Inc Institutional Sentiment
Latest Security and Exchange filings show 98 investors own Sunopta Inc. The institutional ownership in Q1 2015 is high, at 61.27% of the outstanding shares. This is increased by 3189365 the total institutional shares. 52284980 were the shares owned by these institutional investors. In total 13 funds opened new Sunopta Inc stakes, 43 increased stakes. There were 21 that closed positions and 27 reduced them.
5 managers had the stock in their top Ten. Notable investors are: Domini Social Investments Llc, Gruber & Mcbaine Capital Management Llc, West Face Capital Inc., Overbrook Management Corp..
Greg Boland West Face Capital Inc is an institutional investor bullish on Sunopta Inc, owning 4374700 shares as of Q1 2015 for 14.85% of its portfolio. Gruber & Mcbaine Capital Management Llc owns 1090000 shares or 3.09% of its portfolio. NY Selz Capital Llc have 0.15% of their stock portfolio for 80000 shares. Further, Domini Social Investments Llc reported stake worth 12.06% of its US stock portfolio. The CA Ami Asset Management Corp owns 732015 shares. Sunopta Inc is 0.60% of the manager’s US portfolio.
Business Profile
SunOpta Inc. is a global company operating businesses focused on healthy products portfolio. The Company specializes in sourcing, processing and packaging of natural, organic and specialty food products. It operates in three segments: Global Ingredients, Consumer Products and Opta Minerals. It sources organic and non-genetically modified (non-GMO) crops from growers and suppliers. The Global Ingredients segment aggregates its North American-based Raw Material Sourcing and Supply and European-based International Sourcing and Supply operating segments. The Consumer Products segment manufactures and supplies branded and private label aseptic beverages; re-sealable pouch products; individually quick frozen (IQF) fruits and vegetables; fruit bases and toppings; juices; shelf stable juices and waters, and fruit- and grain-based snacks. The Opta Minerals segment processes, distributes and recycles industrial minerals; silica-free abrasives, and specialty sands.
SEC Form 13G is required when the filer owns between (5% and 20%) of a company and plans to hold it only as a passive investor. In case the filler intend to exert control and the stake’s exceeds 20%, then 13D Form must be filed. These filings can NOT be a precursor to “change of control” events such as hostile takeovers, company breakups or others.
