Valinor Management Buys 7.3% Stake in SWFT

According to a 13G filing that was released by the SEC earlier today, Valinor Management, LLC has decided to acquire a 7.3% stake of Swift Transportation Company (SWFT).

December 16th, 2010 is listed on the filing as the "date of event" that required the filing of the statement.

The 7.3% stake in Swift Transportation Company works out to a total of 5,380,312 shares. Valinor Management, LLC filed a 13G for their position in SWFT, which means that this is a passive stake in the company.

SWFT is currently trading at $14.45, which is just 40 cents under its all-time high of $14.85. SWFT went public on Thursday, December 16th, 2010.

Due to the fact that SWFT went public during the fourth quarter of 2010, we don't yet know the entire picture in regards to which investment managers have decided to take positions in the company. We'll know more when the new batch of 13F-HRs are released in mid-February.

Source: Valinor Management, LLC Holdings Page

Source: Valinor Management LLC 13G Filing for SWFT