York Capital Management was founded in 1991 by Dinan with a $3.6 million investment. Since then, the fund’s assets have increased to $947 million. An economics degree from Penn and an MBA from Harvard Business School make Dinan an expert in the field of business. York Capital Management established a solid track record in its first two years, earning a return of 34%. The vast majority of the hedge fund’s investments are in the tech sector. Dinan sold several well-known stocks in the third quarter of 2021, according to his public filings.
Insider Monkey picked 10 popular stocks billionaire James Dinan is selling. In the third quarter, York Capital Management sold its holdings in the fast-food chain. However, McDonald’s is still owned by 58 hedge funds. The company’s revenue surpassed forecasts by $158.29 million to $6.20 billion. In the second quarter, revenue was $5.89 billion. US transportation giant Union Pacific Corporation is one of the country’s most well-known companies. Union Pacific Railroad, the company’s primary operating arm, employs over 8000 locomotives across 23 US states. The company’s board of directors approved a 10% increase in its quarterly dividend for common stockholders. As one of the world’s most popular payment processors, Visa Inc. ranks among the top two. The company had 143 hedge funds invested as of the third quarter of 21. Visa Inc. was assigned a ‘Buy’ rating by UBS analyst Rayna Kumar, who previously covered the company. In the second quarter of 2021, York Capital Management owned 8,949 shares of the company. During the third quarter, these were sold out. Workers at Helbiz will now have access to Workplace from Meta Platforms, Inc. A total of 8,949 shares were held by York Capital Management as of the second quarter of 2021. This was a big seller in the last three months of the year. Helbiz has made the decision to integrate Meta Platforms, Inc.’s Workplace with its employees. For more details, click 10 Popular Stocks Billionaire James Dinan Is Selling.