A Look at the Five Largest Holdings of This Billionaire Investor

Ryman Hospitality Properties Inc (NYSE:RHP) represents GAMCO’s third-largest holding as of the end of September, the fund reporting ownership of 4.78 million shares worth $253.14 million, down by 5% on the quarter. Ryman Hospitality Properties Inc (NYSE:RHP) is an REIT that operates hotels and its stock sports a dividend yield of 5.41%, one of the highest in the industry. Its stock has inched down by 1% since the beginning of the year, but insiders have been bullish on the company and have bought shares in multiple transactions, the last of which was made by Chairman and CEO Colin Reed, who bought 6,658 shares on October 15. Bernard Selz‘s Selz Capital reduced its stake in Ryman Hospitality Properties Inc (NYSE:RHP) by 108,000 shares during the third quarter as it disclosed ownership of 257,400 shares in its latest 13F filing.

American Express Company (NYSE:AXP) is another one of GAMCO’s bets, as the investor disclosed a $204.14 million stake that contains 2.75 million shares. During the third quarter, GAMCO unloaded 254,770 shares of American Express Company (NYSE:AXP) and has been cutting its exposure to the company throughout the year. Last week, several analysts issued updates on the stock, including Credit Suisse, which reaffirmed its ‘Sell’ rating and cut its price target on it to $71 from $74, and Argus, which reiterated a ‘Buy’ rating with a price target of $84, compared to $88 set earlier. Yesterday, UBS downgraded the stock to ‘Sell’ from ‘Neutral’, citing concerns related to the recent break-up between American Express Company (NYSE:AXP) and Costco Wholesale Corporation (NASDAQ:COST). Billionaire Ken Fisher‘s Fisher Asset Management is also bullish on American Express, holding 11.58 million shares as of the end of September.

Finally, in Honeywell International Inc. (NYSE:HON), GAMCO trimmed its stake by 3% during the previous quarter, reporting the holding of 2.08 million shares worth $197.08 million through its latest 13F. The stock lost 6% during the third quarter, which trimmed its year-to-date gains to just 2%. Honeywell International Inc. (NYSE:HON)’s shares are relatively cheap, trading at around 15.60-times forward earnings, almost in line with the S&P 500, while analysts have a consensus ‘Buy’ rating on the stock. The aforementioned Fisher Asset Management is another shareholder of Honeywell International Inc. (NYSE:HON), owning 433,448 shares as of the end of September, which represent an increase of 119,738 shares during the quarter.

Disclosure: None