Alpine Associates Management Buys 1.9% of Nevsun Resources

Alpine Associates Management took a new position in Nevsun Resources Ltd. in the third quarter, buying 1.9 percent of the company’s outstanding stock.

For the company’s full holders list, click here.

* The investment advisor bought 5.7 million shares with a current market value of $25.6 million, according to its 13F filing with the Securities and Exchange Commission.

* Alpine Associates Management Inc. initiated one other position in the materials sector during the quarter, bringing its total to four companies. At the end of the quarter, they comprised 4.9 percent, or $168 million, of the investment advisor’s total equity holdings of $3.41 billion disclosed in the 13F.

* Nevsun Resources traded at $4.48, up 84 percent year to date.

* Bloomberg analyzed more than 4,300 institutional investors that are required to disclose their U.S. equity investments to the Securities and Exchange Commission each quarter. An algorithm searched for investors that had reported purchasing at least 1 percent of a company’s shares in its latest filing and showed no holdings in the stock in the previous filing. Source: Bloomberg