American International Group Inc (AIG), Apple Inc. (AAPL) & More: Castlerock Asset Management Is Building a Fortress Here

New York-based investment firm Castlerock Asset Management is a hedge fund founded by Paul Tanico, with a specialization towards short-term trades in U.S.-listed equities, with a fundamental slant. Hedge fund activity is important to follow because it can help retail investors find market-beating equity picks, depending on a few different factors. In this way, we decided to take a look at the top five largest positions in its equity portfolio in terms of value.

Apple Inc. (NASDAQ:AAPL)

The first on our list is CBS Corporation (NYSE:CBS), in which the hedge fund holds a $5.5 million stake. The stake comprises 118,708 shares, down by 42,393 shares over the quarter. Among Tanico’s peers from the hedge fund world who reported stakes in CBS Corporation (NYSE:CBS), we can mention Paul Hudson’s Glade Brook Capital Partners, John Wu’s Sureview Capital and David Einhorn’s Greenlight Capital among others.

The second is an almost $5 million stake in United Rentals, Inc. (NYSE:URI), in which the hedge fund owns 90,377 shares. During the first three months of the year, the hedge fund reduced its position in United Rentals, Inc. (NYSE:URI) by 91,353 shares. The stock of United Rentals, Inc. (NYSE:URI) returned over 25% and has a P/E of 28.1x.

We should also mention 11,131 shares held by Tanico’s hedge fund in Apple Inc. (NASDAQ:AAPL). The value of the Apple Inc. (NASDAQ:AAPL) stake amounts to more than $4.9 million, down from $6.3 million mentioned at the end of December.

In LyondellBasell Industries NV (NYSE:LYB), Castlerock disclosed ownership of 72,921 shares, worth $4.6 million. The hedge fund almost halved the position since the end of 2012, cutting it by 51,816 shares. The stock of LyondellBasell Industries NV (NYSE:LYB) sports a P/E of 12x and has a year-to-date return above 21%.

What major insurer is last?

And the last but not least, we should include the $4.1 million stake held in American International Group Inc (NYSE:AIG), which involves 105,109 shares of the company, down from 250,312 shares, worth $8.8 million, disclosed in the previous 13F filing. American International Group Inc (NYSE:AIG) is one of the most popular companies in the hedge fund universe, with over 200 top-tier managers invested in it during the first three months of 2013.

Overall, Castlerock Asset Management reported 24 companies in its equity portfolio according to the latest 13F filing. The value of the portfolio slid to $70.6 million, from $116.2 million at the end of last year.

Want to see what talent other hedge fund managers have? Check out Robert Rodriguez and Steven Romick’s First Pacific Advisors, Robert Raiff’s Raiff Partners and Lane Five Capital managed by Lisa O’Dell Rapuano.

Disclosure: none

Biotech Insider Alert - $6 Stock To Hit $40

$200 Million Dollar Healthcare Hedge Fund's #1 Best Idea Right Now

The best healthcare hedge fund out there right now is one of the largest shareholders in this biotech stock. The fund returned more than 20% in each of the last 2 years with a virtually fully hedged portfolio, and it's sending out a BUY signal on this biotech stock. Get your FREE REPORT today (retail value of $300)

This is a FREE report from Insider Monkey. Credit Card is NOT required.
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 Best Romance Movies of all Time

The Most Wanted Drug Lords

The Oldest Money Managers

The Greatest Directors in the World

Largest Animals in the World

World’s Most Expensive Desserts

Best Selling Comic Books of All Time

A-list Actors who Sabotaged Their Career

Rappers With a College Degree

The Best Jazz Albums of all Time

The Most Influential Jazz Musicians

The World’s Most Famous Photographers

The Best Oscar-Winning Songs

Most Influential Choreographers Ever

Most Expensive Department Stores in the World

The Most Expensive Stolen Paintings in the World

The World’s Most Expensive Teas

Top Oscar Record Holders

The Most Expensive Flowers in the World

Countries With a Booming Film Industry

Most Expensive Cupcakes in the World

Uncommon European Escapes

The Most Stolen Artists in History

Best Travel Destinations in Australia

World’s Most Expensive Musical Instruments

World’s Most Famous Animals

Most Expensive Cakes in the World

Most Expensive Kosher Champagne in the World

Most Expensive Kosher Wine in the World

The Most Surprisingly Dark Fairy Tales

Most Popular Travel Destinations in Asia

The 10 Most Expensive Dresses Ever Worn to the Oscars

World’s Most Visited Art Museums

Best Countries for Photographers to Work in

Best Paid Jobs in the Film Industry

The Most Renowned Recovered Paintings Ever

Child Stars That Turned out Just Fine

Books That Were Banned in the Past Century

World’s Richest Dancers

Best Remedies against Bad Breath

Foods That Improve Your Skin Texture

Best-Selling Children’s Books of all Time

Foods That Boost Your Libido

Best-Selling Books of all Time

The Most Expensive Academy Awards Jewelry in History

Most Expensive Japanese Restaurant In New York City

The Best B-Boy Movies

Most Awesome Hip Hop Documentaries

Foods That Stain Your Teeth

Richest Doctors 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 129% in 2.5 years!! Wondering How?

Download a complete edition of our newsletter for free!