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JACKSONVILLE, Fla. -- A New York investor has become the first large shareholder of Winn-Dixie, Inc. since the retailer emerged from bankruptcy in November. In a filing with the U.S. Securities and Exchange Commission, Richard Perry, a former partner at Goldman Sachs, indicated he controls 2.7 million Winn-Dixie shares, or 5.02 percent of its stock.
Perry formed a hedge fund called Perry Capital in 1988 that invests in a diverse number of businesses, according to published reports. As of last November, the private fund was managing $13 billion in investments.
Winn-Dixie's bankruptcy plan called for new stock that was issued to creditors to pay off debts. That stock began trading in the Nasdaq market on Dec. 22.
The price of the new stock has jumped this month, The Associated Press noted. After closing at $13.61 on Jan. 31, the stock reached $17.73 last week, and has stayed above $17 for the last three trading days.