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

Another credit card stock in Columbus Circle’s portfolio was Mastercard Inc (NYSE:MA) with the firm reporting ownership of almost 490,000 shares. Renaissance Technologies, whose success since inception has made founder Jim Simons a multi-billionaire, was buying shares of Mastercard during Q3 2012 (find Renaissance’s favorite stocks). Mastercard carries a current-year P/E multiple of 20, which seems a bit high given its moderate growth rates of revenue and earnings. The stock has risen 35% in the last year, based on general strength in the credit card industry. We aren’t as interested in it as we would be in Discover.

Pfizer Inc. (NYSE:PFE) was another stock that Chiboucis and his team liked, with 9.3 million shares in their portfolio at the beginning of January. Billionaire Ken Fisher has named Pfizer his top stock pick for 2013; it is the largest single-stock holding by market value in Fisher Asset Management’s portfolio (research more stocks Fisher likes). The pharmaceutical company struggled in Q3 2012, with its revenue and earnings falling at double-digit rates, but the sell-side expects Pfizer to do well this year and so the current stock price is only 12 times consensus earnings for 2013. Pfizer also pays a dividend yield of 3.6% at current prices and dividend levels.

A third credit card stock, Visa Inc (NYSE:V) rounded out Columbus Circle’s top five stock holdings. The firm owned 1.5 million shares of Visa, which was the most popular services stock among hedge funds in Q3 (find more services stocks hedge funds love) and is up 46% in the last year. The company’s fiscal year ended in September; in the fourth quarter of that fiscal year Visa recorded a 15% increase in revenue and a large percentage increase in net income. We do like Visa’s prospects for further growth, but think that the market may have already priced in significant opportunities given the forward P/E of 19. Of course, we think it’s significant that Chiboucis is generally bullish on credit card stocks as well.

Disclosure: I own no shares in any stocks mentioned in this article.

Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The 9 Most Dangerous Countries for Tourists to Visit

Reign of Terror: The 10 Most Ruthless Politicians in History

On the Move: The 10 Fastest Growing Businesses in 2015

Fast Money: The 10 Highest Paying Fast Food Restaurants

Mixing It Up: The 14 Best Music Mashups of 2014

Rito Pls Buff: The 10 Least Played Champions in LoL Season 4

10 Covers of Popular Songs that are Better than the Originals

Must See TV: The 9 Most Anticipated Shows of 2015

The 15 Biggest Box Office Bombs of All Time

10 Things The World Can’t Stand About Americans

Picture Perfect: The 6 Smartphones with the Best Cameras

The 10 Best Countries To Work In the World

A Profitable Day At The Track: 5 Tips For Betting On Horses

Tearing You Apart: 6 Bad Habits That Ruin Relationships

Learning on the Job: The 6 Biggest Mistakes Parents Make

Shopaholics Rejoice: The 12 Biggest Malls in the World

Fright Night: 10 Horror Movies Based on True Stories

Mach Mania: The 10 Fastest Jets in the World

Military Heavyweights: The 10 Countries with the Most Tanks

All In: The 7 Richest Poker Players in the World

Abracadabra: The 10 Best Magicians in the World

The 10 Richest Asian Countries in the World in 2014

Eyes in the Sky: 10 Things You Need to Know About Drones

Rising Stars: The 6 Best Silicon Valley Startups

Military Muscle: The 5 Most Advanced Armies in South America

All that Glitters: The 7 Most Luxurious Jewelry Brands in the World

5 Things You Didn’t Know About ISIS but Should

Empowering Your Money: The 5 Best Energy Stocks to Invest In

The 11 Best Android Apps You Can’t Get on iOS

The 10 Most Important International Conflicts in 2014

Mood Enhancers: The 20 Most Uplifting Songs of all Time

Lover Beware: The 8 Countries that Cheat the Most

Breath of Fresh Air: The 25 Countries with the Best Air Quality on the Planet

Singles Beware: The 8 Worst Mistakes Made on First Dates

Healthy and Happy: The 10 Countries with Lowest Healthcare Costs

The 6 Best Company Team Building Activities to Build Workplace Camaraderie

Ships Ahoy: The 10 Busiest Shipping Ports in the World

10 Productivity Tips to Save You Time and Help You Do More With Less

Grab a Bite: The Most Popular Fast Food Restaurants in America

Friday Night Thirst: The 10 Most Popular Cocktails in the World

The 6 Greatest Unsolved Mysteries We May Never Figure Out

7 Useless Products You Never Should’ve Bought

The 5 Reasons Why You’re Single and Miserable

The 7 Most Addictive Foods in the World We Can’t Stop Eating (Even Though We Should)

5 Amazing Places You Can Swim with Dolphins

The Top 7 Most Livable Countries In The World

The 10 Most Expensive Baseball Cards Ever Pulled From A Pack

The 5 Easiest Second Languages to Learn for English Speakers

Silver Spoon: The 6 Richest Families in the World

The 20 Countries with the Largest Prison Populations in the World

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!