Eminence Capital exited its stake in Bank of America (NYSE:BAC), Uber (NYSE:UBER), GE Healthcare (NASDAQ:GEHC), Capital One (COF) and Primo Brands (PRMB), while taking new positions in UnitedHealth (NYSE:UNH), Coupang (CPNG) and Peloton Interactive (NASDAQ:PTON), among other moves in the second quarter.
In its latest 13F filing, the global asset management firm exited its positions in Bank of America (NYSE:BAC), dropping nearly 2.7M shares, and in Uber (NYSE:UBER), withdrawing 1.57M shares. Other stake exits include Primo Brands (PRMB), GE Healthcare (NASDAQ:GEHC) and Capital One (COF) and, dropping 7.02M shares, 1.82M shares and 0.8M shares respectively.
The global asset management firm disclosed new positions in UnitedHealth (NYSE:UNH) with 0.57M shares; 16.23M new shares in Peloton Interactive (NASDAQ:PTON); 6.84M new shares in Coupang (CPNG), nearly 3.1M shares in James Hardie (OTCPK:JHIUF), and 1M new shares in Sensient Technologies (SXT).
In addition, the firm added to its positions on Amazon (AMZN) by 38% to 1.51M shares; in Salesforce (AMCR) by 114% to 0.79M shares. It also increased its stake in Gitlab (GTLB) by nearly 148% to 6.22M; in Workiva (WK) by 210% to 2.65M. The firm added 64% in its positions on Zillow Group (Z) to 3.97M shares.
Lastly, the firm cut its stakes in Alibaba (BABA) by 12% to 1.1M shares; Sea (SE) by 39% to 1.55M; CF Industrials (CF) by 48% to 1.18M; Elevance Health (ELV) by 56% to 0.24M shares and Okta (OKTA) by 60% to 0.98M.
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