Jul. 27 at 8:51 PM
Mizuho Securities' latest 13F filing revealed two notable portfolio moves during Q2. The firm initiated a new 5 million-share stake in Sysco, likely taking advantage of the stock's weakness following the company's announcement of its
$29 billion acquisition of Jetro Restaurant Depot. Sysco shares initially fell after the deal was announced but have since recovered those losses.
Mizuho also significantly increased its position in Norwegian Cruise Line, boosting its holdings from 1.8 million shares to 11.4 million shares, making it one of the cruise operator's larger shareholders with roughly a 2.5% stake. The purchase appears to have coincided with a pullback in the stock during May. Activist investor Elliott Management already holds a position in Norwegian and has reached an agreement with the company.
$SYY $NCLH