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David Gallo's hedge fund Valinor Management has disclosed a brand new position in Cott Corporation (NYSE:COT) via a 13G filed with the SEC. Due to portfolio activity on December 2nd, Valinor has revealed a 5.8% ownership stake in COT with 5,457,532 shares. In their last 13F filing (portfolio disclosed as of September 30th), Valinor did not show a position in COT. As such, they've assembled this brand new stake over the past two and a half months.

Other portfolio activity out of Gallo's hedge fund we detailed includes a past increase in their Gymboree (NASDAQ:GYMB) stake. This position turned out well as the company was bought out by Bain Capital.

Before founding Valinor, Gallo worked at Roberto Mignone's Bridger Management and earned his MBA at Harvard Business School. His firm is named after lands inhabited by immortal souls from the books by J.R.R. Tolkien.

Per Google Finance:

Cott is a non-alcoholic beverage company and a retailer brand soft drink provider. In addition to carbonated soft drinks (CSDs), its product includes clear, still and sparkling flavored waters, juice-based products, bottled water, energy-related drinks and ready-to-drink teas.

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Disclosure: No position

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