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

Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The 10 Most Expensive Law Schools in the US

The 10 Best Wall Street Movies

The 10 Most Expensive Golf Clubs Ever Sold

The 10 Most Expensive Golf Memberships

The 10 Best Disney Characters Ever Created

The 8 Best Foods for Gaining Weight

The 10 Most Expensive Colleges in the World

The 7 Most Memorable Ad Campaigns of All Time

The 7 Most Expensive High Schools in the World

The 10 Electric Vehicles with the Longest Range

The 10 Cities with the Worst Drivers in the World

The 10 Most Expensive Dresses Ever Created

10 Islands to Visit Before You Die

10 Famous Celebrities Who Needed Rehab

The 15 Countries with the Largest Oil Reserves

The 10 Most Overused Excuses in the World

The 5 Best iOS Apps You Can’t Get on Android

5 Companies Damaged By Social Media Blunders

The 10 Most Legendary Blues Songs

The 10 Most Lawless Places in the World

4 Reasons China is a Threat to the US

The 17 Most Sugary Drinks in the World

The 10 Most Ruthless Rulers in History

The 10 Greatest Generals in History

Top 8 Travel Destinations for 2015

The 10 Safest Dog Breeds for Children

The 10 Most Stolen Vehicles in the US

The 7 Most Expensive Celebrity Weddings

The 10 Best LoL Teams in the World

Top 10 Worst Marketing Campaigns Ever Produced

Top 5 Diets that Help You Lose Weight

The 10 Best Ways to Stay Awake

7 Artists That Switched Musical Genres

The 10 Most Expensive Cities to Live in New Jersey

The 10 Best High Schools in New York

The 10 Countries With the Least Gender Inequality

The 6 Biggest Musician-Manager Feuds

The 10 Countries with the Cheapest Gas Prices

The 7 Most Theatrical Bands of All Time

The 8 Worst Band Breakups of All Time

The 10 Most Important South American Leaders

The 7 Most Successful Casting Show Winners

The 10 Most Peaceful Countries in the World

5 Big Reasons Communism Failed

The 15 Most Famous Carl Icahn Quotes

10 Scary Animals that are Actually Harmless

The 8 Most Famous Singer-Actors in Entertainment

The 10 Longest Wars of All Time

The 13 Worst Looking Foods that Taste Great

The 6 Most Gruesome Injuries Suffered During a Sports Match

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!