Boykin Curry and Eagle Capital’s Amazing Stock Picks

Eagle Capital Management is a New York based hedge fund that was founded in 1988 by Ravenel Boykin Curry III, father of the current partner of the fund, Ravenel Boykin Curry IV. Eagle Capital Management applies a bottom-up research-intensive approach and concentrates its efforts on finding undervalued companies. Boykin Curry IV, 45 years old, graduated from Yale University with a degree in Economics in 1988 and holds an MBA from Harvard Business School. Eagle Capital Management historically beats the S&P 500 and Russell 1000 Value Indexes. In 2010, Eagle returned 21%, whereas returns of S&P 500 and Russell 1000 were 15.1% and 15.5%, respectively. Over the past five years, Eagle’s return was 5.7%, vs. 2.4% for the S&P 500 index. Eagle generated a cumulative return of 2,031% since its inception where S&P 500 and Russell 1000 indices returned 634% and 687% respectively during the same time period.

EAGLE CAPITAL MANAGEMENT

Below are the most recent reported activities of Eagle Capital:

Eagle had $8.2 billion in its 13F portfolio on March 31. The above list represents more than 80% of Eagle’s holdings as of the end of March. These stocks lost 7.5% since the end of March, outperforming the S&P 500 index by 1.5 percentage points.

Eagle took a bullish view on most of its existing holdings and added new shares. It increased MSFT holdings by more than 40% in the first quarter of 2011 and bought about 5 million shares. The stock generated almost 2% return since the end of the first quarter. Most funds were bullish about MSFT in the first quarter with only a few exceptions. Jeffrey Tannenbaum’s Fir Tree increased its MSFT holdings by 128%.

Eagle also held a positive view of WMT and increased its holdings by almost 20%, buying over a million shares. WMT lost almost 2% since March 31. Some other funds such as First Pacific Advisors and Elm Ridge Capital shared the same view and increased their WMT holdings as well. Berkshire Hathaway continued to hold over 39 million shares of WMT, valued at over $2 billion on March 31.

Eagle generated positive returns on a few selected companies such as UNH and KFT, where it had increased its holdings by 6% and 10% respectively in the first quarter. Interestingly, some funds were quite bearish for UNH as they trimmed their holdings as high as 50% in the first quarter. Highfields Capital and Mason Capital were two of those funds that held a bearish view for UNH. KFT, on the other hand, also gave mixed signals in the first quarter. While Robert Pitts’ Steadfast Capital trimmed its holdings by 25%, Bill Ackman’s Pershing Square held a bullish view and increased its holdings by 14%. Time proved Ackman to be right as KFT returned 12.1% since the end of March.

Another great pick for Eagle was probably Pepsi as it bought more than 4.5 million shares in the first quarter (Eagle held a little over 7K PEP holdings at the end of 4Q2010). PEP was almost like a new holding on Eagle’s portfolio. The stock gained 1.1% since the end of March. Patrick McCormack’s Tiger Consumer Management also initiated a brand new position in Pepsi during the first quarter.

Eagle’s worst bets in terms of percentage were WM, NWSA, and NFX. These stocks incurred double digit losses since the end of the first quarter. Eagle increased its holdings by 6% to 10% in each of these securities. We like Boykin Curry and keep tracking his stock picks and performance.

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. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

On the Move: The 10 Fastest Growing Businesses in 2015

Fast Money: The 10 Highest Paying Fast Food Restaurants

Mixing It Up: The 14 Best Music Mashups of 2014

Rito Pls Buff: The 10 Least Played Champions in LoL Season 4

10 Covers of Popular Songs that are Better than the Originals

Must See TV: The 9 Most Anticipated Shows of 2015

The 15 Biggest Box Office Bombs of All Time

10 Things The World Can’t Stand About Americans

Picture Perfect: The 6 Smartphones with the Best Cameras

The 10 Best Countries To Work In the World

A Profitable Day At The Track: 5 Tips For Betting On Horses

Tearing You Apart: 6 Bad Habits That Ruin Relationships

Learning on the Job: The 6 Biggest Mistakes Parents Make

Shopaholics Rejoice: The 12 Biggest Malls in the World

Fright Night: 10 Horror Movies Based on True Stories

Mach Mania: The 10 Fastest Jets in the World

Military Heavyweights: The 10 Countries with the Most Tanks

All In: The 7 Richest Poker Players in the World

Abracadabra: The 10 Best Magicians in the World

The 10 Richest Asian Countries in the World in 2014

Eyes in the Sky: 10 Things You Need to Know About Drones

Rising Stars: The 6 Best Silicon Valley Startups

Military Muscle: The 5 Most Advanced Armies in South America

All that Glitters: The 7 Most Luxurious Jewelry Brands in the World

5 Things You Didn’t Know About ISIS but Should

Empowering Your Money: The 5 Best Energy Stocks to Invest In

The 11 Best Android Apps You Can’t Get on iOS

The 10 Most Important International Conflicts in 2014

Mood Enhancers: The 20 Most Uplifting Songs of all Time

Lover Beware: The 8 Countries that Cheat the Most

Breath of Fresh Air: The 25 Countries with the Best Air Quality on the Planet

Singles Beware: The 8 Worst Mistakes Made on First Dates

Healthy and Happy: The 10 Countries with Lowest Healthcare Costs

The 6 Best Company Team Building Activities to Build Workplace Camaraderie

Ships Ahoy: The 10 Busiest Shipping Ports in the World

10 Productivity Tips to Save You Time and Help You Do More With Less

Grab a Bite: The Most Popular Fast Food Restaurants in America

Friday Night Thirst: The 10 Most Popular Cocktails in the World

The 6 Greatest Unsolved Mysteries We May Never Figure Out

7 Useless Products You Never Should’ve Bought

The 5 Reasons Why You’re Single and Miserable

The 7 Most Addictive Foods in the World We Can’t Stop Eating (Even Though We Should)

5 Amazing Places You Can Swim with Dolphins

The Top 7 Most Livable Countries In The World

The 10 Most Expensive Baseball Cards Ever Pulled From A Pack

The 5 Easiest Second Languages to Learn for English Speakers

Silver Spoon: The 6 Richest Families in the World

The 20 Countries with the Largest Prison Populations in the World

The Top 10 Richest Actors in the World

The 10 Best Airline Stocks to Invest In Before They Fly Too High

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!