John Griffin's hedge fund Blue Ridge Capital has filed a 13G with the SEC on shares of Level 3 Communications (LVLT). Due to portfolio activity on May 13th, Blue Ridge has disclosed a 5.74% ownership stake in LVLT with 97,805,000 shares.
This marks a whopping 434% increase in their position size. Griffin's firm owned 18,305,000 shares back on March 31st, so the recent addition took place somewhere within the past two months. We've just detailed the rest of Blue Ridge's updated portfolio in the new issue of our newsletter: Hedge Fund Wisdom.
Per Google Finance, Level 3 Communications is "is engaged in the communications business. The Company is a facilities based provider of a range of integrated communications services."
To learn to invest like Griffin, check out Blue Ridge's recommended reading lists.
Tuesday, May 24, 2011
John Griffin's Blue Ridge Loads Up on Level 3 Communications (LVLT)
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