American Airlines Group Inc (AAL), Allergan, Inc.(AGN), Ally Financial Inc (ALLY): Billionaire Jamie Dinan’s Top Stocks

Having lost all his savings on Black Monday in 1987, James Dinan made a remarkable comeback, setting up his hedge fund, York Capital Management, in 1991 with $3.6 million and ending up controlling more than $10 billion worth of investments at the end of June, 2014. The fund has a diversified equity portfolio, investing in a wide range of stocks, from financials to health care companies. Dinan employs an event driven strategy to identify opportunities in companies undergoing mergers and acquisitions, distressed and restructuring companies and other. Forbes estimates Dinan’s net worth to be around $2.2 billion. There has been a major overhaul of the fund’s top positions during the second quarter of 2012, therefore, in this article, York Capital’s top 3 positions will be analyzed.

YORK CAPITAL MANAGEMENT

James Dinan’s new favorite is American Airlines Group Inc (NASDAQ:AAL), the company that runs American Airlines, Inc. During the quarter, Dinan has increased his investment in the company by roughly 30%, taking it to 18,4 million shares, which are valued at $791 million. American Airlines Group Inc (NASDAQ:AAL) is also among the favorites of David Tepper, the manager of Appaloosa Management LP. The fund reportedly owns 11.6 million American Airlines Group Inc (NASDAQ:AAL) shares, which are valued at $500 million and account for 7% of Appaloosa’s equity portfolio.

Subject of a takeover bid from Valeant Pharmaceuticals Intl Inc (NYSE:VRX), Allergan, Inc.(NYSE:AGN) has caught the attention of James Dinan, who has built a significant position in the company, making it the second largest equity position in York Capital Management’s portfolio. In its latest 13F filing, the fund disclosed ownership of 2.42 million Allergan, Inc.(NYSE:AGN) shares worth in excess of $410 million. A huge supporter of Valeant’s takeover bid, Bill Ackman has a huge stake in Allergan, Inc.(NYSE:AGN), having increased it by 4734% during the quarter. His fund, Pershing Square, has reported control over 28.8 million shares valued at $4,88 billion.

Ally Financial Inc (NYSE:ALLY), a financial services company, is another new addition to the equity portfolio of York Capital Management. Throughout the second quarter, Dinan was busy building a position that amasses 15.4 million shares worth roughly $369 million. Dan Loeb also believes Ally Financial Inc (NYSE:ALLY) is a good investment, having made it a key piece in his portfolio. Loeb’s fund, Third Point, reportedly holds 45.6 million shares of Ally Financial Inc (NYSE:ALLY) , a position that carries a value of $1,08 billion.

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 Countries with the Highest Suicide Rates

The 10 Most Technologically Advanced Countries in the World

The 10 Safest Countries in the World to Live in Peace

The 10 Top Selling Smartphones in the World 2014

The 12 Biggest Shopping Centers in the World

The 10 Friendliest Countries in the World

Qihoo 360 Technology Co Ltd (QIHU), Actavis plc (ACT), Yahoo! Inc. (YHOO) Among 20 Long Ideas from Sohn Canada

The 10 Laziest Countries in the World

The 10 Most Polluted Countries in the World

The 10 Most Dangerous Cities in America 2014

The Top 10 Gold Producing Countries in the World

The 10 Tallest Buildings in the World

The 10 Richest Stand Up Comedians in the World

The 10 Fattest Countries in the World

The 5 Best Summer Jobs for Teens

The 10 Most Religious Countries in the World Keeping the Faith

The 10 Most Educated Countries in the World

The 10 Most Popular Cell Phones in the World

The 10 Drunkest Countries in the World

The 10 Most Expensive Private Schools in the World

The 10 Smallest Countries in the World

Walking Dead Season 5 Spoilers You’ll Wish You Didn’t Know

The 10 Poorest Countries in the World

The 10 Greenest Countries in the World

The Top 10 Countries with the Highest Population in the World

The 10 Most Visited Countries in the World

The Top 10 Star Wars Characters in the Iconic Series

The 10 Most Expensive Android Phones in the World

5 Reasons Why The Illuminati Is Real and a Threat to Society

The 6 Scariest Halloween Costumes Ever Screamed At

The 4 Biggest Hedge Fund Managers in the World Today

The 15 Most Densely Populated Countries in the World

The 10 Biggest Tea Drinking Countries in the World

Top 6 Ways to Improve Your Checkout Process and Close Sales

The 5 Most Profitable Online Businesses You Can Start Today

The 20 Most Profitable Hospitals in the US

The 5 Most Profitable Home Businesses to Start

The 7 Teams that Will Win the Stanley Cup in 2015

The Top 10 Most Expensive Digital Cameras to Snap Stunning Shots With

The 10 Highest Quality Fast Food Restaurants In America Today

The 8 Best Halloween Decorating Ideas to Spook Up Your House

10 Marvel Women that Should Get a Movie Right Now

The 20 Best Remixes of Popular Songs that Will Make You Forget the Originals

7 Most Expensive Cities in the World

5 Least Expensive Cities in the World

10 Celebrities Who Believe In Scientology

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

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!