Citigroup Inc (C), Hartford Financial Services Group Inc (HIG), SLM Corp (SLM): From London To Dubai, This Fund Is Bullish

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Another financial services company,IntercontinentalExchange Inc (NYSE:ICE), is next on our list, with the fund holding stake of 87,329 shares as of March 31, 2013, an increase of 3,000 shares compared to one quarter earlier. Ice’s trailing P/E rests around industry norms at 23.78, while a beta of 0.95 is nicely juxtaposed with some of Toscafund other, riskier holdings. An above-average level of short interest and a slight declination in business activity in the fourth quarter of 2012 may have some bears clamouring, but for those banking on a future of derivatives trading free of Uncle Sam’s intrusion, now’s a good chance to buy on the dip.

A newcomer to the equity portfolio is The Blackstone Group L.P. (NYSE:BX), closing out the fund’s top five with a holding of 690,000 shares worth $13.648 million. The beta of the stock is 2.21, with annual EPS estimates trending close to the $1 mark. Trading at the third lowest forward P/E (8.26) in its industry,The Blackstone Group L.P. (NYSE:BX) offers a unique opportunity to own stake in a diverse organization at a bargain bin price. Though it’s known for its private equity dealings, The Blackstone Group L.P. (NYSE:BX) is also a nice play on the housing market comeback—a solid portion of its asset base is in commercial real estate.

Final remarks

Clearly, this fund has a strong focus on the financial sector, but the overarching theme we can gather from its top five holdings is that it’s bullish on a continuing housing market recovery. The Blackstone Group L.P. (NYSE:BX), Sallie Mae and Hartford Financial Services Group Inc (NYSE:HIG) offer nice value opportunities to boot, while IntercontinentalExchange Inc (NYSE:ICE) gives investors nice exposure to a derivative-heavy future, and Citigroup Inc (NYSE:C)’s international focus is its key selling point.

Disclosure: none

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