Today I find a old news, "Highfields Capital Accumulates 6.7% Stake in First American (FAF)", published on 2007/5/14.
In a 13G filing this afternoon on First American Corp. (NYSE: FAF), Highfields Capital disclosed a 6.7% stake (6.5 million shares) in the company. The firm did not show a stake in FAF for the quarter ended 12/31/06.
After a little survey, I find out that John Osterweis, Osterweis Capital recommended First American Corp. (NYSE: FAF) in Value Investor Insight 2007/01 issue. There are also some value funds on the top 20 institutional shareholder list. (listed below)
Since John Osterweis recommended, the price has up 28+% from 42 to 54 now. It seems like a little too late to get in now, better wait for better price to buy. I will add First American Corp.to my watch-list.
Top 20 Institutional Shareholders (abridged)
| Name | Share Held | % of Shares Held |
| Highfields Capital Management LP | 6.5M | 6.71% |
| Glenview Capital Management LLC | 5.2M | 5.38% |
| Pzena Investment Management LLC | 3.9M | 4.07% |
| Maverick Capital Ltd. | 1.5M | 1.55% |
| RS Investment Management Co. LLC | 1.2M | 1.23% |
| Third Avenue Management LLC | 1.0M | 1.03% |
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