Barrons : Estée Lauder Director Bought the Stock Dip

Estée Lauder Director Bought the Stock Dip

Estée Lauder stock has continued slumping in the new year, and one of its directors scooped up a large block of shares of the beauty company.

Estée Lauder’s stock tumbled earlier this month on news of a disappointing outlook. Last year, the share price was cut in half, hurt by soft sales in Asia, and China in particular, and the replacements of both the chief financial officer and CEO. A family drama also came into play, as the granddaughter of the founder urged some Estée Lauder board members in early September to oust her cousin, the company’s executive chairman.

Director Paul J. Fribourg paid $8.7 million from Feb. 5 through 7 for 132,500 Estée Lauder shares, an average price of $65.52 each. He bought the stock through Continental Grain, a privately owned investor in food and agribusiness where Fribourg serves as chairman and CEO. He is also a co-trustee and a beneficiary of family trusts that collectively control a majority interest in Continental Grain.

Forms that Fribourg filed with the Securities and Exchange Commission show that Continental Grain now owns 520,300 Estée Lauder shares. He also owns 4,000 Estée Lauder shares in a personal account.

Continental Grain didn’t respond to a request to make Fribourg available for comment on the stock purchases. Fribourg joined Estée Lauder’s board in 2006. He last bought the company’s stock on the open market in November 2024, when he paid $25 million for 387,800 shares, an average of $64.27 each.

>>> Pershing Square (PSHZF Bill Ackman) discloses updated portfolio positions in

Pershing Square (PSHZF Bill Ackman) discloses updated portfolio positions in 13F filing: Increased SEG NKE BN positions, Lowered CMG HLT holdings
Highlights from Q4 2024 filing as compared to Q3 2024 (all amounts are approximate):
  • Increased positions in: SEG (to 5.02 mln shares from 2.09 mln shares), NKE (to 18.77 mln from 16.28 mln), BN (to 34.89 mln from 32.74 mln)
  • Maintained positions in: QSR (23 mln shares), HHH (18.85 mln shares), CP (14.88 mln shares), GOOG (7.55 mln shares), GOOGL (3.99 mln shares)
  • Decreased positions in: CMG (to 24.65 mln shares from 28.82 mln shares), HLT (to 5.44 mln from 7.37 mln)

>>> Starboard Value (Jeffrey Smith) discloses updated portfolio positions in 13F

Starboard Value (Jeffrey Smith) discloses updated portfolio positions in 13F filing: Confirms new KVUE HR PFE RIOT positions, Increased MTCH ALIT AQN holdings
Highlights from Q4 2024 filing as compared to Q3 2024 (all amounts are approximate):
  • New positions in: KVUE (21.91 mln shares), HR (20.18 mln), PFE (15.37 mln), RIOT (12.7 mln), IJH (3.97 mln)
  • Increased positions in: MTCH (to 14.66 mln shares from 9.56 mln shares), ALIT (to 47.23 mln from 43.4 mln), AQN (to 65.32 mln from 62.14 mln)
  • Maintained positions in: ACTG (61.12 mln shares), GEN (17.52 mln shares), BLMN (8.44 mln shares), NWSA (7.2 mln shares)
  • Closed positions in: IWN (from 1.36 mln shares)
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>>> Berkshire Hathaway (Warren Buffett) discloses updated portfolio positions in

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Highlights from Q4 2024 filing as compared to Q3 2024 (all amounts are approximate):
  • New positions in: STZ (5.62 mln shares)
  • Increased positions in: SIRI (to 117.47 mln shares from 105.16 mln shares), OXY (to 264.18 mln from 255.28 mln), DPZ (to 2.38 mln from 1.28 mln), VRSN (to 13.27 mln from 12.82 mln), POOL (to 0.6 mln from 0.4 mln)
  • Maintained positions in: KO (400 mln shares), KHC (325.63 mln shares), AAPL (300 mln shares), AXP (151.61 mln shares), CVX (118.61 mln shares), KR (50 mln shares), DVA (36.1 mln shares), CB (27.03 mln shares), MCO (24.67 mln shares),
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  • Decreased positions in: BAC (to 680.23 mln shares from 797.68 mln shares), NU (to 40.18 mln from 86.44 mln), C (to 14.64 mln from 55.24 mln), COF (to 7.45 mln from 9.1 mln), FWONK (to 6.8 mln from 7.72 mln), CHTR (to 1.99 mln from 2.82 mln), TMUS (to 4.35 mln from 4.67 mln), LPX (to 5.66 mln from 5.96 mln)

>>> Jana Partners (Barry Rosenstein) discloses updated portfolio positions in 13

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Highlights from Q4 2024 filing as compared to Q3 2024 (all amounts are approximate):
  • New positions in: MKL (0.11 mln shares, also has calls)
  • Increased positions in: LW (to 7.13 mln shares from 3.53 mln shares)
  • Maintained positions in: MRCY (6.94 mln shares), THS (4.91 mln shares), RPD (3.69 mln shares)
  • Closed positions in: FYBR (from 3.91 mln shares), FTRE (from 0.69 mln)
  • Decreased positions in: WOLF (to 4.99 mln shares from 6.17 mln shares), FIS (to 0.5 mln from 1.59 mln), TRMB (to 4.18 mln from 4.88 mln), SPY (to 0.43 mln from 0.48 mln)

>>> Carl Icahn discloses updated portfolio positions in 13F filing: Decreased SW

Carl Icahn discloses updated portfolio positions in 13F filing: Decreased SWX CTRI ILMN positions
Highlights from Q4 2024 filing as compared to Q3 2024 (all amounts are approximate):
  • Increased positions in: IEP (to 450.79 mln shares from 433.21 mln shares), UAN (to 4.07 mln from 3.89 mln)
  • Maintained positions in: CVI (66.69 mln shares), BHC (34.72 mln shares), JBLU (17.73 mln shares), DAN (14.29 mln shares), IFF (3.75 mln shares), CZR (2.44 mln shares), AEP (1.21 mln shares)
  • Decreased positions in: SWX (to 9.63 mln shares from 11.02 mln shares), CTRI (to 2.49 mln from 3.59 mln), ILMN (to 0.04 mln from 0.43 mln)

>>> Trian Fund (Nelson Peltz) discloses updated portfolio positions in 13F filin

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Highlights from Q4 2024 filing as compared to Q3 2024 (all amounts are approximate):
  • Increased positions in: SOLV (to 8.46 mln shares from 7.13 mln shares), UHAL (to 0.65 mln from 0.45 mln), UHAL.B (to 1.12 mln from 1.05 mln)
  • Maintained positions in: JHG (31.87 mln shares), WEN (30.53 mln shares), IVZ (23.17 mln shares), GE (4.03 mln shares)
  • Decreased positions in: ALL (to 0.31 mln shares from 0.61 mln shares), FERG (to 1.24 mln from 1.27 mln)

>>> Duquesne (Stanley Druckenmiller) discloses updated portfolio positions in 13

Duquesne (Stanley Druckenmiller) discloses updated portfolio positions in 13F filing: New WBD SLM PCT SKX UAL AAL DAL BN NU MU positions, Increased TEVA YPF BCS X holdings
Highlights from Q4 2024 filing as compared to Q3 2024 (all amounts are approximate):
  • New positions in: WBD (4.66 mln shares), SLM (2.52 mln), PCT (1.59 mln), SKX (1.07 mln), UAL (1.04 mln, also has calls), AAL (0.92 mln, also has calls), DAL (0.82 mln, also has calls), BN (0.61 mln), NU (0.47 mln), MU (4.66 mln shares), MIR (2.52 mln), AMZN (1.59 mln), BWXT (1.07 mln), WFC (1.04 mln), LYV (818K), GOOGL (610K), LLY (467K)
  • Increased positions in: TEVA (to 9 mln shares from 1.43 mln shares), YPF (to 1.69 mln from 0.43 mln), BCS (to 3.19 mln from 2.01 mln), X (to 1.61 mln from 0.66 mln), INSM (to 0.59 mln from 0.02 mln), WDC (to 0.42 mln from 0.07 mln), USB (to 0.5 mln from 0.22 mln), ARGT (to 0.55 mln from 0.28 mln), WWD (to 1.23 mln from 1.06 mln), ARM (to 0.18 mln from 0.02 mln), SWTX (to 860K from 705K), WAB (to 280K from 180K), GGAL (to 449K from 355K), GEV (to 100K from 29K), BMA (to 485K from 424K), TSM (to 108K from 57K)
  • Maintained positions in: NTRA (3.57 mln shares), DAKT (2.63 mln shares), ASND (0.27 mln shares)
  • Closed positions in: IHS (from 770K), SPRY (from 537K), CNM (from 475K), SLN (from 387K), CPT (from 291K), AVGO (from 240K), MAA (from 239K), CFG (from 239K), BCYC (from 190K), CRH (from 163K)
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ValueAct (Jeffrey Ubben and Bradley Singer) discloses updated portfolio positions in 13F filing: New AMZN position, Lowered DIS EXPE CRM TOST holdings
Highlights from Q4 2024 filing as compared to Q3 2024 (all amounts are approximate):
  • New positions in: AMZN (0.54 mln shares)
  • Increased positions in: LLYVK (to 3.17 mln shares from 1.34 mln shares), LLYVA (to 1.27 mln from 0.67 mln), LYV (to 1.06 mln from 1.01 mln)
  • Maintained positions in: RBLX (10.14 mln shares), NSIT (4.06 mln shares), V (0.37 mln shares), META (0.21 mln shares)
  • Decreased positions in: TOST (to 8.55 mln shares from 15.48 mln shares), CRM (to 2.9 mln from 3.91 mln), DIS (to 6.57 mln from 7.46 mln), EXPE (to 2.02 mln from 2.61 mln)

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Eminence Capital (Ricky C. Sandler) discloses updated portfolio positions in 13F filing: New FRSH AMCR MGM LKQ AAP DKNG GEHC positions, Increased ATMU MLCO ST PRMB RRR PLAY PINS AMD holdings
Highlights from Q4 2024 filing as compared to Q3 2024 (all amounts are approximate):
  • New positions in: FRSH (5.32 mln shares), AMCR (2.88 mln), MGM (2.09 mln), LKQ (1.88 mln), AAP (1.84 mln), DKNG (1.75 mln), GEHC (1.31 mln), MGRC (0.75 mln), UHAL.B (0.55 mln), WYNN (0.16 mln)
  • Increased positions in: ATMU (to 4.59 mln shares from 2.56 mln shares), MLCO (to 7.74 mln from 6.33 mln), ST (to 4.32 mln from 3.45 mln), PRMB (to 4.73 mln from 4.02 mln), RRR (to 2.06 mln from 1.51 mln), FERG (to 0.78 mln from 0.3 mln), FUN (to 1.35 mln from 0.89 mln), GPK (to 5.82 mln from 5.41 mln), S (to 6.53 mln from 6.14 mln), AMD (to 1.03 mln from 0.67 mln), PINS (to 5.65 mln shares from 5.31 mln shares), ELV (to 0.56 mln from 0.23 mln), CWH (to 4.11 mln from 3.85 mln), ASH (to 2.86 mln from 2.65 mln), LEN (to 0.69 mln from 0.48 mln), PLAY (to 3.85 mln from 3.71 mln), TPX (to 1.88 mln from 1.77 mln), ABG (to 0.79 mln from 0.68 mln), LPX (to 1.45 mln from 1.34 mln), PFGC (to 2.58 mln from 2.5 mln)
  • Closed positions in: SMAR (from 4.23 mln shares), CBRE (from 0.83 mln), CP (from 0.3 mln), MNDY (from 0.3 mln), TKO (from 0.25 mln), GPI (from 0.13 mln)
  • Decreased positions in: MSOS (to 2.07 mln shares from 4.52 mln shares), Z (to 2.91 mln from 3.89 mln), FWONK (to 1.99 mln from 2.91 mln), CTVA (to 2.36 mln from 3.16 mln), GTLB (to 2.2 mln from 2.91 mln), GXO (to 1.16 mln from 1.8 mln), LPLA (to 0.56 mln from 1.08 mln), DT (to 2.67 mln from 3.16 mln), CRL (to 0.63 mln from 1 mln), COF (to 0.89 mln from 1.14 mln), CF (to 2.31 mln from 2.46 mln), AMZN (to 0.93 mln from 1.07 mln), BABA (to 1.74 mln from 1.84 mln)