Anheuser-Busch InBev NV (ADR) (BUD), QUALCOMM, Inc. (QCOM): New Stock Plays from First Eagle Investment Management

Now that first quarter earnings season has died down, analysts get the opportunity to get a closer look at many hedge funds’ 13F filings, which disclose institutional managers’ positions quarter by quarter. First Eagle Investment Management, a firm that recently released its 13F outlining its holdings from Q1 2013. We use this information as the basis of our small-cap portfolio strategy, a system that has returned over 38% since we made it public in September 2012; discover the details here. Let’s take a look at the hedge fund’s newest stock plays.

Anheuser-Busch InBev NV (ADR) (NYSE:BUD)

Anheuser-Busch InBev NV (ADR) (NYSE:BUD) tops our list as the biggest initiation made by First Eagle so far in 2013. The firm saw fit to buy over a million shares of the beverage maker, amounting to a market value north of $106mm. Anheuser-Busch InBev NV (ADR) (NYSE:BUD) has also had the most dramatic upward performance of the stocks on our list, registering a 42% gain for those who bought in this time last year. Anheuser-Busch InBev NV (ADR) (NYSE:BUD) was met with some tepid remarks from analysts at the end of April — Rabobank, Bernstein, and Canaccord Genuity all downgraded the beverage maker to a neutral rating at that time (an earnings beat on April 30th followed shortly after). Billionaire Daniel S. Och of OZ Management recently purchased 1.4mm shares as well; read about his portfolio’s make-up here.

QUALCOMM, Inc. (NASDAQ:QCOM)

QUALCOMM, Inc. (NASDAQ:QCOM) grabs the second spot, receiving a $92mm allocation by the fund, or a little under 1.4mm shares. The $110bn telecom giant has lagged the market in the past year, clocking in a gain that is fifteen percentage points less than the market’s 26.4% return. Goldman recently recognized QUALCOMM, Inc. (NASDAQ:QCOM) as being in the top 20 in terms of stocks that appear most frequently in hedge fund top 10 holdings. Wall Street is quite bullish on QUALCOMM, Inc. (NASDAQ:QCOM), with thirty-seven brokers weighing in to tabulate a mean one-year price target that indicates a near-17% gain from current levels. Billionaire Ken Fisher of Fisher Asset Management owns nearly 9mm shares of the stock; take a look at the fund’s top five positions here.

Ken Fisher - FISHER ASSET MANAGEMENT

National-Oilwell Varco, Inc. (NYSE:NOV)

National-Oilwell Varco, Inc. (NYSE:NOV) saw a 1.3mm share position built by First Eagle, rounding out to $90.7mm in market value at the time of the 13F’s reporting. The drilling equipment supplier recently doubled its quarterly dividend from $0.13 to $0.26, so income investors take note. The stock is well positioned to appreciate with increased demand for oil and gas going forward, says Edward Jones’ analyst Kate Warne. Year-to-date performance has been underwhelming thus far, with a single-digit gain under 5%. Billionaire Israel Englander of Millennium Management nearly tripled his position from 12Q4 to 13Q1.

Norfolk Southern Corp. (NYSE:NSC)

Norfolk Southern Corp. (NYSE:NSC) became an $82mm commitment by the firm, once again amounting to slightly over a million shares purchased. The railroad operator has seen near-linear growth in stock price so far this year, up over 25%; fellow rail stock CSX Corporation (NYSE:CSX) edges out that impressive number with its own 28% gain. Ratings agencies from Jefferies to Deutsche Bank are singing the praises of Norfolk Southern Corp. (NYSE:NSC) since the turn of the year, bestowing upgrade after upgrade on the stock. Billionaire Ken Griffin of Citadel Investment Group beefed up his position to 2.6mm shares recently; see his other holdings here.

Target Corporation (NYSE:TGT)

Target Corporation (NYSE:TGT) wraps up the bottom of our screen with almost 950,000 shares bought by First Eagle according to its Q1 13F. The fund’s position in the retailer tallied up to $64mm, 40% less than what First Eagle devoted to its top new holding, Anheuser-Busch InBev NV (ADR) (NYSE:BUD). Riding the wave of this bull market, Target has tacked on 20% since this time last year. Target Corporation (NYSE:TGT) has joined sixteen other retailers including Macy’s and Kohl’s in filing a lawsuit in late May, suing Visa and MasterCard over interchange fees that the payment companies charge. Billionaire Steven Cohen of SAC Capital Advisors has a put position valued at almost $18mm.

Final thoughts

First Eagle Investment Management isn’t the number one fund on many investors’ collective radar, but it’s on Insider Monkey’s list of the 500 most elite hedge funds, and is therefore worth watching. A few of the fund’s largest new positions were detailed above, and from Target’s potential in a recovering economy to Norfolk Southern’s ability to outperform many of its railroad peers, there are many stocks worth watching. National-Oilwell Varco, Inc. (NYSE:NOV), QUALCOMM, Inc. (NASDAQ:QCOM) and Anheuser-Busch InBev NV (ADR) (NYSE:BUD) are also intriguing plays as well.

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

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

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

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!