Tesoro Corporation (TSO): Steadfast Capital Management Doubles its Stake


Tesoro Corporation (NYSE:TSO)‘s holding in the equity portfolio of Robert Pitts‘ Steadfast Capital Management has been increased considerably, a new filing shows. The shareholder has upped its stake to more than 6.69 million shares, after revealing ownership of some 2.83 million shares in its latest 13F. The passive stake amasses over 5% of Tesoro Corporation (NYSE:TSO)’s common stock, following the increase.

Aside from Steadfast, David E. Shaw‘s D E Shaw is also a shareholder of Tesoro Corporation (NYSE:TSO), owning 7.70 million shares of the company as of the end of March. Another investor in the $7.4 billion market cap petroleum refiner is Jonathan Auerbach‘s Hound Partners, which holds 2.99 million shares, doubling its position during the first quarter.

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