Allergan Inc. (AGN), Anadarko Petroleum Corporation (APC), DISH Network Corp (DISH): Thomas A. Giovine Loves These Stocks

As the 13F season continues, let’s take a look at Giovine Capital’s recently disclosed long equity positions for the second quarter of 2014. This hedge fund, founded and managed by Thomas A. Giovine, who previously worked at Morgan Stanley and follows an activist strategy, acknowledged holding more than 45 long equity positions, with a market value of roughly $182 million. Over the quarter, the fund started five new stock positions, increased its stakes in another four, and sold out of eight companies. Let’s take a look at some of its top stakes for the second quarter of the year.

Giovine’s most valuable equity position is a newcomer in its portfolio: Allergan Inc. (NYSE:AGN). Between April and June, the fund acquired 80,000 shares of the $45.6 billion market cap multi-specialty health care company. This position is worth more than $13.5 million, and accounts for 7.4% of the fund’s equity portfolio’s total value.

Allergan, Inc. (NYSE:AGN)

Pershing Square, run by Bill Ackman, is the largest hedge fund shareholder of record. Around mid-July, the fund confirmed holding 28.88 million shares of Allergan Inc. (NYSE:AGN), which account for 9.7% of the company’s outstanding common stock. Allergan Inc. (NYSE:AGN) has been one of the main drivers of Pershing Square’s above-average returns in the first half of the year, as it gained more than 52% between January 2 and June 30.

The second company on this list is Anadarko Petroleum Corporation (NYSE:APC), a $54.9 billion market cap oil and gas exploration and production company that saw Giovine boost its exposure by 7% over the second quarter. The fund now owns 69,625 shares of Anadarko Petroleum Corporation (NYSE:APC), worth roughly $7.6 million.

Although the stock is already up more than 36% year-to-date, analysts expect Anadarko Petroleum Corporation (NYSE:APC) to continue to rise. The median target price of $126.00 per share implies a 16% upside from the current price point of $108.51 per share (August 11 2014).

Another big hedge fund that disclosed a big stake in Anadarko Petroleum Corporation (NYSE:APC) for the second quarter of 2014 is Jean-Marie Eveillard’s First Eagle Investment Management. The fund disclosed ownership of 2.78 million shares, following the sale of 351,514 shares, probably seeking to capitalize from the steep price increase that took place in early-April.

Last is DISH Network Corp (NASDAQ:DISH), a $28.87 billion market cap company that provides a direct broadcast satellite subscription television service in the United States. I should highlight that, despite an on-average valuation, DISH Network Corp (NASDAQ:DISH) boasts industry leading returns on equity of 112%, versus an industry average of 21%-22%.

Over the second quarter, Giovine upped its participation in the company by 36%, and now owns 111,136 shares of DISH Network Corp (NASDAQ:DISH), worth approximately $7.2 million.

On the opposite trend, Mario Gabelli’s Gamco Investors trimmed its exposure by 3% over the second quarter. Still, the fund owns 3.27 million shares of DISH Network Corp (NASDAQ:DISH), worth more than $213 million.

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 High Margin Food Products to Build a Business Around

The 10 Most Expensive Clothing Stores in the United States to Get Decked Out At

The 5 Biggest Kickstarter Scams That Swindled Backers’ Donations

The 10 Most Expensive Boarding Schools In the World

50 Crazy Facts About Japan You Won’t Believe

Top 10 Least Expensive Hybrid Cars to Save the Planet With

The 10 Biggest ‘Gate’ Controversies in History

The 10 States with the Highest Nursing Shortages Leaving Their Hospitals Depleted

The 10 Best Value Investment Blogs that Every Investor Must Read

The 6 Cheapest Boarding Schools in Europe 2015

The 5 Most Expensive Cars To Insure in the World

The 10 Most Common Genetically Modified Foods

10 Self-Made Billionaires Who Came From Nothing

The 10 Most Expensive Cities to Live in North America

The 13 Most Expensive Headphones in the World to Represent

The Top 20 Wealthiest Soccer Teams in 2014

4 BuzzWorthy Cannabis Stocks And Some Smoking Derivative Plays

The 10 Healthiest Fast Food Chains in America to Dine At

The 5 Most Expensive Cat Food Brands You Can Spoil Your Kitty With

The 6 Best eCommerce Platforms for Small Businesses

The 10 Worst Mistakes an Entrepreneur Can Make

The 5 Most OP Characters in League of Legends to Carry Games and Crush Foes With

The 5 Best Foods to Eat Before Running that Will Help You Pound the Pavement

10 Glaring Plot Holes in The Walking Dead that a Zombie-Filled Bus Could Drive Through

The 5 Biggest Celebrity Stoners Who Love Their Reefer

The 10 Most Overrated Movies Of All Time by Out-of-Touch Critics

Top 6 Least Expensive Cruise Destinations For 2015 that Will Take You to Paradise

10 States with Lowest Substance Abuse Rates in America

The 14 Most Watched TV Finales Ever

The 10 Best Selling Role Playing Games of All Time for PC

10 Most Influential Papers In Economics

Top 8 Biggest Charities in the US

10 Worst Celebrity Career Moves Ever

Top 10 Best Paid Tennis Stars in the World

Top 6 Cities For The Ultra Rich to Live in Comfort

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

How 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

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!