What One Hedge Fund's $29.6 Million Bet on First American Signals About the U.S. Housing Market

On Friday, Boston-based Solel Partners disclosed a new position in First American Financial (NYSE:FAF), acquiring 460,700 shares in a transaction estimated at $29.6 million.Solel Partners LP initiated a new stake in First American Financial (NYSE:FAF), acquiring 460,700 shares during the third quarter. The position, valued at $29.6 million as of September 30, represents 5.7% of the fund’s reportable U.S. equity holdings. The transaction was disclosed in a filing with the Securities and Exchange Commission released Friday.Top holdings after the filing:  Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool