São Paulo-based Absolute Gestao de Investimentos acquired 440,746 shares of Chart Industries, valued at $88.22 million, making it the fund’s third-largest holding, accounting for 11.47% of reportable AUM. Chart Industries’ shares were priced at $205.85 as of Friday, showing a 5% increase over the past year, underperforming the S&P 500. The company designs and manufactures equipment for the energy and industrial gas sectors, generating revenue through various segments and serving customers worldwide. Absolute Gestao’s investment in Chart Industries reflects confidence in the company’s fundamentals amidst a pending takeover offer from Baker Hughes.

Read more at Yahoo Finance: Why Chart Industries Just Became an $88 Million Bet and 11% Position for a Global Macro Fund