Actavis plc (ACT), Gilead Sciences Inc. (GILD), Macquaire Infrastructure Company LLC (MIC): Selz Capital’s Top Stock Positions for Q2 2014

Bernard Selz’s Selz Capital recently disclosed at the SEC its long equity positions as of June 30 2014. The fund declared stock holdings worth more than $377 million, and a strong focus on services stocks (49%). Let’s take a look at the fund’s top stock positions for the second quarter of 2014 in order to find out if any of them deserve further research.

Magellan Midstream Partners, L.P. (NYSE:MMP)

The first position in this list remained unchaged in rank, despite a 13% reduction in Selz’s position. Macquaire Infrastructure Company LLC (NYSE:MIC) is a $3.9 billion market cap infrastructure businesses (such as chilled water for building cooling and gas utility services) operator of which fund owns 575,313 shares. This position is worth more than $35 million and accounts for roughly 9.5% of the fund’s total equity portfolio’s value.

Even more bullish about Macquaire Infrastructure Company LLC (NYSE:MIC) than Selz is Marcato Capital Management, managed by Richard Mcguire. The fund last disclosed having upped its stake in Macquaire Infrastructure Company LLC (NYSE:MIC) by 2%, to 3.65 million shares.

Next is Magellan Midstream Partners, L.P. (NYSE:MMP), a $19 billion market cap company engaged in the transportation, storage and distribution of refined petroleum products, which also saw Selz trim its exposure over Q2 – by 6%. The fund now owns 282,000 shares of Magellan Midstream Partners, L.P. (NYSE:MMP), worth more than $23 million, which account for 6.2% of its total equity portfolio.

Other funds also seem to like this company with industry leading margins and returns, and a stock that trades below its peers’ average valuation –in relation to the company’s earnings. For instance, John Osterweis’ Osterweis Capital Management last declared ownership of 1.57 million shares of Magellan Midstream Partners, L.P. (NYSE:MMP).

Third in line is Actavis plc (NYSE:ACT), a position that remained unchanged over Q2.  This $38 billion market cap specialty pharmaceutical company has seen its stock price rise almost 8% since the end of the first quarter of 2014, and more than 30%, year-to-date. Currently, Selz’s 100,000 shares at is Actavis plc (NYSE:ACT) are worth almost $22 million.

Another hedge fund with big stakes in this company is Louis Navellier’s Navellier & Associates, which disclosed ownership of 386,161 shares of the company by the end of Q2. Other prominent investors betting on Actavis plc (NYSE:ACT) are Dan Loeb and Stephen Mandel, both of which own more than 2 million shares –each.

Another company that made it to the top 5 in spite of a reduction in the fund’s position is Air Lease Corp (NYSE:AL), a $3.8 billion market cap aircraft leasing company. After disposing of 16,000 shares, Selz owns 528,000 shares of Air Lease Corp (NYSE:AL), with a market value of more than $20 million. This stock has also seen its price escalate considerably –more than 21%- since the beginning of 2014, and analysts expect it to continue to surge, and extra 14% over the next few months.

Given these forecasts, one can understand why several major hedge funds are betting on Air Lease Corp (NYSE:AL). Once again, John Osterweis’ Osterweis Capital Management can be counted amongst the most bullish. The fund owns more than 3.3 million shares, and last declared having slightly upped its stake in the company.

The only newcomer in this list (compared to Q1 2014) is Gilead Sciences Inc. (NASDAQ:GILD), a $137 billion market cap research-based biopharmaceutical company that saw Selz almost double its exposure over Q2. After purchasing 90,000 shares of Gilead Sciences Inc. (NASDAQ:GILD), the fund owns 200,000 shares, worth more than $16.5 million.

Even further, several other major hedge funds, including Samuel Isaly’s Orbimed Advisors, also seem to feel quite bullish about Gilead Sciences Inc. (NASDAQ:GILD). Orbimed is listed as the largest hedge fund shareholder of record, with 5.31 million shares, up 6% over the last reported quarter –Q1 2014.

Disclosure: Javier Hasse holds no position in any stocks or funds mentioned

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

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

6 Ways to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

10 Best Places to Visit in Central and South America

The 10 Greatest Empires in History Which Nearly Conquered the World

The 6 Cheapest Boarding Schools In America 2015

5 Clear Reasons LoL is Better than DotA, Continues to Rule MOBAs

The Only 9 Teams with a Chance to Win the Super Bowl

The 15 Most Common Phobias in America that Induce Fits of Panic

Top 6 Least Expensive Tourist Destinations in 2014

Jim Goetz, Peter Fenton, Jim Breyer: Top 6 Venture Investors for 2014

Top 15 Billionaires in 2014

5 Pitfalls To Avoid When Buying a Franchise

Top 20 Medical Schools in the US – 2014 Rankings

4 Business Strategies that Turned Jamie Oliver into the World’s Richest Chef

6 Qualities That Make You A Good Team Player

10 High Paying Seasonal Jobs in America this Holiday Season

The 10 Busiest Shipping Lanes in the World

5 Most Valuable Brands in China

The 10 States with Highest Substance Abuse Rates Crippling Their Populace

The Top 10 Things to Do Before You Die That Will Echo for Eternity

The 10 Best Selling Items on Etsy

Top 10 Things to Do in Tokyo, the Greatest City in the World

10 Mistakes on Social Media that Can Harm You and Will Probably Get You Canned

The 10 Best Cities to Find Jobs in 2014

The 10 Most Controversial Songs Of All Time to Hit (and get Banned from) the Airwaves

The 20 Biggest IPOs in US History

The 10 Best Places to Visit in Mexico that Are Beautiful and Safe

7 Bad Habits that Age You Beyond Your Years

The 40 Best Fortune Cookie Sayings That Will Leave You Bemused, Befuddled, or Beguiled

10 Foods to Eat Before a Workout to Make Every Drop of Sweat Count

The 5 Best Documentaries On Netflix You Must See

The Most Heartwarming and Inspirational Story Of This Halloween Season, It Will Make You Cry and Jump For Joy

10 Best Party Songs of All Time to Bring the House Down With

5 New World Order Conspiracy Theories that Will Strangle the World

The 10 Highest Rated Movies of 2014

The 10 Largest Container Shipping Companies in the World

The 10 Largest Armies in the World: Who Should We Be Afraid Of?

Best Warren Buffett Quotes on Money You Need to Hear

The 10 Highest Suicide Rates by Profession

The 20 Most Underrated Movies of All Time

The 10 Fastest Growing Companies in America

The 10 Biggest Outlet Malls in USA

The 5 Most Popular Rap Songs of All Time

The 10 Countries that Eat the Most Meat

The10 Most Expensive Countries to Fly To

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!