Fidelity National Financial Inc (NYSE:FNF) is Corvex’s third largest holding according to the 13F filing. The company provides title insurance, technology, and transaction services to the real estate industry. At the beginning of 2015 the firm held 20.24 million shares of Fidelity National Financial Inc (NYSE:FNF) with a value of $697.32 million and representing an 8.5% position in the portfolio. Again Corvex is the largest shareholder in Fidelity National Financial Inc (NYSE:FNF) among the firms we track, with Larry Robbin’s Glenview Capital coming in at a very distant second with 11.16 million shares at a value of $384.39 million. Shares rose 7.2% for the first quarter.
Lamar Advertising Co (NASDAQ:LAMR) is a U.S.-based company engaged primarily in outdoor advertising, mainly billboards and posters. With a market-cap of about $5.7 billion, Lamar is one of the largest advertising agencies in the U.S. Investors are bullish on Lamar Advertising Co (NASDAQ:LAMR)’s ability to grow its digital platform and transform into a REIT. Recently Christian Leone’s Luxor Capital Group raised its stake in Lamar Advertising Co (NASDAQ:LAMR), but Keith Meister’s Corvex Capital is still the biggest shareholder among the funds we track. As of the latest filing, Corvex held 6.30 million shares with a value of $338.02 million. Meister increased the position by 61% compared to the previous filing. For the first quarter of 2015, Lamar’s stock rose almost 12%.
B/E Aerospace Inc (NASDAQ:BEAV) is a manufacturer of cabin interior products for commercial aircraft and business jets, and an aftermarket distributor and value-added service provider of aerospace fasteners. B/E Aerospace Inc (NASDAQ:BEAV) is a $6.66 billion market cap company and represented Corvex Capital’s most bullish move during the fourth quarter. The fund added 5.76 million shares to its position during the quarter, a 758% increase, with the increased holding now standing at 6.86 million shares and being valued at $398.13 million. B/E Aerospace Inc (NASDAQ:BEAV) was also the top pick of John Orrico’s Water Island Capital. Shares rose 10% during the first quarter of this year.
Corvex’s performance would have been better in the first quarter of 2015 had it not been for Meister’s position in Monsanto Company (NYSE:MON). Corvex held some 2.42 million shares, which had a value of $289.58 million at the beginning of the year. Monsanto Company (NYSE:MON)’s management still believes the controversial agricultural company can double its earnings per share by 2019. Among the billionaires that we track, six had investments totaling $1.69 billion in Monsanto Company (NYSE:MON) at the end of 2014. D E Shaw, the fund founded by billionaire David E. Shaw was one such investor, as was billionaire Larry Robbins’ Glenview Capital.
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