Ally Financial Inc. (ALLY), American Homes 4 Rent (AMH), Colony Financial Inc. (CLNY): EJF Capital’s Top Holdings

In a recent filing with the U.S. Securities and Exchange Commission, EJF Capital, managed by Emanuel J. Friedman, disclosed its equity positions it held as of the end of the end of second quarter of 2014. The market value of the fund’s equity portfolio amounted to $2.09 billion, up from $1.67 billion reported at the end of the previous quarter. In the filing, the fund revealed a total of 132 positions, with a strong focus on Financial stocks.

Ally Financial

We are going to talk about top three long equity positions from the EJF Capital’s portfolio. The top position is held by Ally Financial Inc. (NYSE:ALLY), a new position in which the fund holds 11.73 million shares, with a market value of $280.5 million.

Ally Financial Inc. (NYSE:ALLY) is a financial services company engaged in providing financial products and services to automotive dealers and customers. The market cap of the company is $11.03 billion. Shares of the company rose by 0.09% to $22.99 on Tuesday. The consensus average target price for the stock is $28.00, while the consensus average recommendation is ‘Overweight’.

On the second position is American Homes 4 Rent (NYSE:AMH), in which EJF Capital disclosed owning 11.50 million shares, with a reported value of $204.17 million. The stake represents a decrease from 12.31 million shares the fund held previously.

American Homes 4 Rent (NYSE: AMH) is engaged in providing high quality single-family rental homes. The company reported a net loss of $3.4 million for the second quarter of 2014, compared to net income of $1.12 million in the same quarter of last year. Last month, the company completed a merger with Beazer Pre-Owned Rental Homes Inc., according to press release.

Other significant shareholders of American Homes 4 Rent (NYSE: AMH) include John Griffin’s Blue Ridge Capital, which holds, 8.70 million shares, and Long Pond Capital, managed by John Khoury, which owns 7.94 million shares, according to our record.

In Colony Financial Inc. (NYSE:CLNY), EJF Capital revealed holding 8.65 million, worth about $201 million. Previously, the fund held 8.71 million shares of the real estate investment and finance company that is focused on acquiring, originating and managing a diversified portfolio of real estate-related debt and equity investments at attractive risk-adjusted returns.

Recently, Colony Financial Inc. (NYSE: CLNY) conducted a public offering in which offered and priced 15 million shares of common stock. The underwriters were granted an option to purchase up to an additional 2.25 million shares. The company states that it intends to use a portion of the net proceeds to repay amounts outstanding under its revolving credit facility, and to use the remainder to acquire its target assets in a manner consistent with its investment strategies and investment guidelines, and for working capital and general corporate purposes.

Aside from EJF Capital, Sirios Capital Management, led by John Brennan, which disclosed owning 3.42 million shares, and Israel Englander’s Millennium Management, which owns 2.20 million shares.

Disclosure: none

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

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

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

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

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!