$17 Billion Columbus Circle’s Stock Picks Include Apple Inc. (AAPL)

Page 1 of 2

Columbus Circle Investors is an asset manager with total assets under management of $17 billion (including $1 billion in its hedge funds strategies). The firm is managed by Donald Chiboucis. On January 31st, Columbus Circle filed its 13F for the fourth quarter of 2012, disclosing many of its long equity positions as of the end of December 2012. 13F filings can be useful sources of free investment ideas if an investor does further research on the included stocks and decides that they are good buys. Read on for it top five holdings by market value and compare them to previous filings.

Apple Inc. (AAPL), Amazon.com Inc. (AMZN), Barnes & Noble Inc. (BKS)

Even after cutting its stake in Apple Inc. (NASDAQ:AAPL), the consumer technology company was Columbus Circle’s largest position at over 730,000 shares. Apple Inc. (NASDAQ:AAPL) had been the most popular stock among hedge funds in the third quarter of 2012 (see the full top ten list). The recent pullback in Apple Inc. (NASDAQ:AAPL)’s stock price has left it trading at 10 times trailing earnings, which seems very low for a company that should at least be able to hold its earnings steady going forward thanks to the growing tablet and smartphone markets- and therefore rising revenue- helping offset lower margins as it is forced to introduce lower-priced products particularly in emerging markets.

The firm owned 6.2 million shares of Discover Financial Services (NYSE:DFS), another apparently cheap stock. The credit card issuer trades at 9 times earnings, whether we consider trailing results or forward earnings estimates for the fiscal year ending in November 2014. The five-year PEG ratio is 0.8 as Wall Street analysts are projecting continued earnings growth over the next several years. Rob Citrone’s Discovery Capital Management initiated a position of 1.6 million shares during the third quarter of 2012; Citrone is a Tiger Cub, having previously worked for Julian Robertson at Tiger Management. Check out more of his stock picks.

Three more of Columbus Circle’s picks- including two more credit card stocks:

Page 1 of 2
blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

Best States To Practice Medicine

The 10 Best States to Have a Business

The 12 Most Expensive Apple (AAPL) Apps in the Market

The 10 Richest Billionaires in the World

10 Biggest Kickstarter Failures

The 10 Best Places to Work At

The Top 10 of Google Inc (GOOGL)’s Most Expensive Acquisitions

13 Best Cities to Visit in South America

10 Most Expensive Works of Art of All Time

The 10 Richest Banks in the World

The 10 Best-Paying Jobs in America (2014)

7 Most Expensive Foods in the World

The World’s Top 10 Earning Authors

Five Wicked and Very Expensive Items (and Other “Stuff”) Sold on eBay

10 Biggest Celebrity Bankruptcies

The Top 10 Highest Paid CEOs in 2014

The 10 Most Expensive Real Estate Cities in America

10 Most Expensive States To Live In America

The 10 Best Airlines in the World

The 10 Best-Selling Cars in 2014

The 10 Best Industries to Invest In

The 10 Most Expensive States to Own a Car In

Top 10 Business Schools in US: 2014 Rankings

Top 20 Female Billionaires in 2014

6 Movies That You Should Watch to Better Understand The Cold War

Top 15 Best Paying Jobs for Women in 2014

Top 6 Things Rich People Do Differently Every Day

5 Retirement Mistakes To Avoid (and Einstein’s Famous Quote)

11 Smartest People in the World

6 Films About the Financial World You Need To Watch (While “The Wolf” is Not Around)

Warren Buffett and Billionaires Are Crazy About These 7 Stocks

The Top 10 States With Fastest Internet Speeds

10 Best Places to Visit in USA in August

Top 10 Cities to Visit Before You Die

Top 10 Genetically Modified Food In the US

15 Highest Grossing Movies Opening Weekend

5 Best Poker Books For Beginners

10 Strategies Hedge Funds Use to Make Huge Returns

Top 10 Fast Food Franchises to Buy

10 Best Places to Visit in Canada

Best Summer Jobs for Teachers

10 Youngest Hedge Fund Billionaires

Top 10 One Hit Wonders of the 90s

Fastest Growing Cities In America

Top 10 U.S. Cities for Freelancers

Top 9 Most Popular Free iPhone Apps

Top 10 Least Expensive Private Business Schools in the US

Top 15 Most Expensive Countries in the World – 2014

Top 6 Tax Scams and How to Protect Yourself

Top Businesses to Invest In

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!