Billionaire Richard Perry’s Latest Stock Picks: American International Group Inc (AIG), NRG Energy Inc (NRG) & Others

In its latest 13F, Perry Capital, managed by Richard Perry, has disclosed its holdings as held at the end of the fourth quarter of 2013. The total value of the fund’s equity portfolio decreased to around $3.42 billion in the fourth quarter from about $3.99 billion disclosed as at the end of the third quarter.

Richard Perry

We have picked Perry Capital’s top five holdings in terms of value that the fund has held in its equity portfolio at the end of last year.

First on the list is American International Group Inc (NYSE:AIG) in which the fund owns 11.2 million shares, with a reported value of $571.76 million. This position was upped from 9.09 million shares held at the end of the third quarter.

The next is NRG Energy Inc (NYSE:NRG). The fund reduced its position to 11.07 million shares, from 15.00 million shares held at the end of third quarter. The value of the current holding is $318.06 million. The company is a wholesale power generation and retail electricity provider in United States.

A couple of months ago, David Crane, President & CEO at NRG Energy Inc (NYSE:NRG), dumped 554,515 shares of the company and now holds 830,300 shares.

Hess Corp. (NYSE:HES) stood on the third spot, the fund reducing the number of shares to 3.01 million shares from 3.20 million shares. The value of the holding is $249.99 million.

Of all the hedge funds we track, Elliott Management, led by Paul Singer is the largest shareholder of Hess Corp. (NYSE:HES), and held 17.1 million shares at the end of the third quarter.

The next on the list is Lamar Advertising Co (NASDAQ:LAMR), in which Richard Perry trimmed its position to 4.30 million Class A shares, from 6.30 million Class A shares held at the end of previous quarter. The current value of the holding is $224.68 million.

Richard Perry’s Perry Capital, is another hedge fund bullish on Lamar Advertising Co (NASDAQ:LAMR), which held 6.30 million shares at the end of September 2013.

Chesapeake Energy Corporation (NYSE:CHK) is the fifth-largest holding, the position remained unchanged with 5.97 million shares, with a reported value of $161.98 million. The company is a natural gas and oil exploration company.

A couple of months ago, Archie Dunham, director at Chesapeake Energy Corporation (NYSE:CHK), purchased 200,000 shares of the company, and now holds 1.05 million shares.

Disclosure: none

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