Central Pacific Financial Corp. (CPF), Cheniere Energy, Inc. (LNG) Among Anchorage Advisors’ Top Picks for Q4

Anchorage disclosed holding 21.39 million shares of Houghton Mifflin Harcourt Co (NASDAQ:HMHC) at the end of 2014, with no activity on the quarter, with the shares having an aggregate value of $442.98 million. The stake accounted for 9.14% of the fund’s equity portfolio. Among the funds that we track, John Paulson‘s Paulson & Co is the largest shareholder of Houghton Mifflin Harcourt Co (NASDAQ:HMHC), holding 30.91 million shares, the value of the stake amounting to $640.2 million, according to its latest 13F filing.

Houghton Mifflin Harcourt Co (NASDAQ:HMHC)’s revenue decreased by 11.37% on the year, to $265.5 million in the fourth quarter. Along with this, it reported a net loss of $83.7 million, or $0.59 per share, which represents a 29% decrease compared to the same quarter one year ago.

In Cheniere Energy, Inc. (NYSEMKT:LNG) the fund disclosed holding 5.09 million shares, the value of the stake amounting to $358.00 million. The largest shareholder of Cheniere Energy, Inc. (NYSEMKT:LNG) among the funds that we track is Seth Klarman’s Baupost Group, which upped its stake by 24% on the quarter to 13.81 million shares. Another fund that owned shares of Cheniere Energy, Inc. (NYSEMKT:LNG) is Andreas Halvorsen‘s Viking Global, holding 9.95 million shares, up by 83% on the quarter.  Cheniere Energy is an energy company, which engages in the liquefied natural gas (LNG) related business. The company’s stock is up by about 47% over the last year.

Earlier this year, the company announced an agreement with EIG Management Company, a private equity firm. Based on the funding deal, the latter will buy convertible notes from Cheniere Energy, Inc. (NYSEMKT:LNG) worth $1.5 billion and the proceeds will be used to fund a portion of the costs of developing, constructing, and placing into service the Corpus Christi liquefaction project, which are expected to cost between $11.5 and $12 billion.

Disclosure: None