Hedge Fund Valinor Management Increases Cardtronics Stake

| About: Cardtronics plc (CATM)
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David Gallo's hedge fund Valinor Management recently filed a 13G with the SEC regarding shares of Cardtronics (NASDAQ:CATM). In the disclosure, we see that as of May 10th, it owns 2,377,037 shares of CATM, a 5.7% ownership stake in the company. This is an increase in the fund's position. In Valinor's recently filed 13F which details positions as of March 31st, 2010, we see that it owned 1,513,846 shares. This means it has increased its position size by 57% over the past month and a half. We'll be detailing Valinor's portfolio in our hedge fund portfolio tracking series so stay tuned for that.

Prior to founding Valinor, Gallo worked at Roberto Mignone's Bridger Management. He received his MBA from Harvard Business School and the hedge fund is named after lands often inhabited by immortal souls from the books of J.R.R. Tolkien. We've just started tracking Valinor's portfolio in recent quarters and in the past have detailed some of its position adjustments.

Taken from Google Finance:

Cardtronics is "a provider of automated consumer financial services through its network of automated teller machines (ATMs) and multi-function financial services kiosks."

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