Billionaire Mason Hawkins Snapped Up One Stock During the Crash and Lost Confidence in Two Other Stocks

In another 13G amendment submitted last week, Southeastern Asset Management disclosed owning 1.80 million shares of Vail Resorts Inc. (NYSE:MTN), which represent 4.9% of the company’s common stock. The investment firm’s 13F filing for the three months that ended June 30 revealed a 2.39 million-share position in the global mountain resort operator. The shares of Vail Resorts have advanced 20% since the beginning of the year, partially thanks to the recently-published earnings report for the fourth quarter and fiscal year that ended July 31. The company posted net revenue of $1.40 billion for fiscal 2015, compared with $1.25 billion reported a year ago. At the same time, Vail Resorts reported net income of $114.8 million, compared to $28.5 million in the prior fiscal year. Therefore, it appears that the Tennessee-based firm has decided to take some profits off the table. However, the stock lost some of its appeal among the hedge funds monitored by our team, as the number of top money managers invested in the company decreased to 23 from 29 during the June quarter. Nevertheless, the value of their positions remained somewhat the same, increased by only $2.08 million to $443.00 million. These hedge funds stockpiled 11.20% of the company’s shares on June 30, and Ken Griffin’s Citadel Investment Group was one of the most bullish on Vail Resorts Inc. (NYSE:MTN) with approximately 239,000 shares.

Finally, Southeastern Asset Management reported a 12.13 million-share stake in Wynn Resorts Limited (NASDAQ:WYNN) via a 13G filing, which accounts for 12.0% of the company’s shares. This marks a lift of 5.02 million shares from the holding revealed in the latest 13F filing. The stock of the hotel and casino operator has gained nearly 40% since the beginning of this month, but it is still 51% in the red year-to-date. Wynn Resorts Limited generates most of its revenues from China, so it is highly unlikely that the upcoming earnings report will positively surprise the market. Even so, the stock received a strong vote of confidence from the hedge fund industry during the second quarter, as the number investors with stakes in the company increased to 35 from 25, accumulating 12.40% of the company’s common stock. At the same time, the value of the money poured into the stock increased to $1.24 billion from $936.81 million during the quarter. John Griffin’s Blue Ridge Capital added a 790,000-share position in Wynn Resorts Limited (NASDAQ:WYNN) during the second quarter, making it one of the largest stockholders.

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