Hedge Fund’s $358 Million Kilroy Realty Stake Reveals a Big Contrarian Bet on West Coast Real Estate

New York City-based D1 Capital Partners disclosed a significant buy of Kilroy Realty Corporation on November 14, adding nearly 6.6 million shares during the third quarter and seeing its overall position increase in value by an estimated $293.7 million.According to a Securities and Exchange Commission (SEC) filing dated November 14, D1 Capital Partners L.P. increased its stake in Kilroy Realty Corporation (NYSE:KRC) by acquiring nearly 6.6 million additional shares during the quarter. The fund’s position grew to almost 8.5 million shares with a quarter-end value of $358.4 million. The change in position size reflects both new share purchases and changes in market prices during the reporting period.The acquisition lifted Kilroy Realty Corporation to 4.1% of D1 Capital Partners' reportable U.S. equity portfolio as of September 30.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool