Tremblant Capital Management Trims These Stocks in Quarterly Release

Wall St. Watchdog reveals information regarding significant reduction in shares for Tremblant Capital Management’s holdings on the quarter ending September 30th, 2011. The firm is bearish on these stocks:

Lowe’s Companies Inc. (NYSE:LOW): On 06/30/2011, Tremblant Capital Management reported holding 1,858,300 shares. On 09/30/2011, Tremblant Capital Management reported holding 249,700 shares. The net reduction in shares for this position is 1,608,600 or 86.56%. About Company: Lowe’s Companies, Inc. is a home improvement retailer that distributes building materials and supplies through stores in the United States. The Company offers a complete line of products and services for home decorating, maintenance, repair, remodeling, and property maintenance.

Mastercard Incorporated (NYSE:MA): On 06/30/2011, Tremblant Capital Management reported holding 222,516 shares. On 09/30/2011, Tremblant Capital Management reported holding 66,224 shares. The net reduction in shares for this position is 156,292 or 70.24%. About Company: MasterCard, Inc. is a global payment solutions company that provides a variety of services in support of the credit, debit and related payment programs of financial institutions. The Company offers transaction processing services for credit and debit cards, electronic cash, automated teller machines, and travelers checks.

Orthofix International Nv (NASDAQ:OFIX): On 06/30/2011, Tremblant Capital Management reported holding 565,442 shares. On 09/30/2011, Tremblant Capital Management reported holding 174,837 shares. The net reduction in shares for this position is 390,605 or 69.08%. About Company: Orthofix International N.V. and its subsidiaries develop, produce, and market products for the medical device industry. The Company’s products include the Orthofix external fixation, the Spinal Stim for enhanced healing of non-union fractures, the Oscar ultrasonic bone cement removal systems, the Ogden Anchor for anchoring soft tissue to bone, and the Osteogenics BoneSource.

Cvs Caremark Corporation (NYSE:CVS): On 06/30/2011, Tremblant Capital Management reported holding 1,465,767 shares. On 09/30/2011, Tremblant Capital Management reported holding 956,830 shares. The net reduction in shares for this position is 508,937 or 34.72%. About Company: CVS Caremark Corporation is an integrated pharmacy health care provider. The Company’s offerings include pharmacy benefit management services; mail order, retail and specialty pharmacy; disease management programs; and retail clinics. The company operates drugstores throughout the U.S., the District of Columbia, and Puerto Rico.

Wright Medical Group Inc. (NASDAQ:WMGI): On 06/30/2011, Tremblant Capital Management reported holding 3,252,077 shares. On 09/30/2011, Tremblant Capital Management reported holding 2,193,031 shares. The net reduction in shares for this position is 1,059,046 or 32.57%. About Company: Wright Medical Group, Inc., an orthopedic device company, specializes in the design, manufacture, and marketing of reconstructive joint devices and bio-orthopedic materials. The Company’s joint devices are used to replace knee, hip, and other joints that have deteriorated through disease or injury.

(Note: Data regarding Tremblant Capital Management’s stock holdings are sourced from whalewisdom.com. All data are assumed to be accurate.)

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To contact the reporter on this story: Dave Friedman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com