$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.

Biotech Insider Alert - $6 Stock To Hit $40

$200 Million Dollar Healthcare Hedge Fund's #1 Best Idea Right Now

The best healthcare hedge fund out there right now is one of the largest shareholders in this biotech stock. The fund returned more than 20% in each of the last 2 years with a virtually fully hedged portfolio, and it's sending out a BUY signal on this biotech stock. Get your FREE REPORT today (retail value of $300)

This is a FREE report from Insider Monkey. Credit Card is NOT required.
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 Best Romance Movies of all Time

The Most Wanted Drug Lords

The Oldest Money Managers

The Greatest Directors in the World

Largest Animals in the World

World’s Most Expensive Desserts

Best Selling Comic Books of All Time

A-list Actors who Sabotaged Their Career

Rappers With a College Degree

The Best Jazz Albums of all Time

The Most Influential Jazz Musicians

The World’s Most Famous Photographers

The Best Oscar-Winning Songs

Most Influential Choreographers Ever

Most Expensive Department Stores in the World

The Most Expensive Stolen Paintings in the World

The World’s Most Expensive Teas

Top Oscar Record Holders

The Most Expensive Flowers in the World

Countries With a Booming Film Industry

Most Expensive Cupcakes in the World

Uncommon European Escapes

The Most Stolen Artists in History

Best Travel Destinations in Australia

World’s Most Expensive Musical Instruments

World’s Most Famous Animals

Most Expensive Cakes in the World

Most Expensive Kosher Champagne in the World

Most Expensive Kosher Wine in the World

The Most Surprisingly Dark Fairy Tales

Most Popular Travel Destinations in Asia

The 10 Most Expensive Dresses Ever Worn to the Oscars

World’s Most Visited Art Museums

Best Countries for Photographers to Work in

Best Paid Jobs in the Film Industry

The Most Renowned Recovered Paintings Ever

Child Stars That Turned out Just Fine

Books That Were Banned in the Past Century

World’s Richest Dancers

Best Remedies against Bad Breath

Foods That Improve Your Skin Texture

Best-Selling Children’s Books of all Time

Foods That Boost Your Libido

Best-Selling Books of all Time

The Most Expensive Academy Awards Jewelry in History

Most Expensive Japanese Restaurant In New York City

The Best B-Boy Movies

Most Awesome Hip Hop Documentaries

Foods That Stain Your Teeth

Richest Doctors 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 129% in 2.5 years!! Wondering How?

Download a complete edition of our newsletter for free!