Clint Carlson and Carlson Capitals Favorite Stock Picks

Clint Carlson is the founder, president and CIO of Carlson Capital, which reported $6.4 Billion total assets in its last 13F filing. Carlson holds a bachelor’s degree and an M.B.A. from Rice University, and a Doctorate of Law degree from the University of Houston. Prior to forming Carlson Capital in 1993, Carlson was the head of risk arbitrage for the investment arm of the Bass Brothers organization. Carlson Capital’s primary investment strategies include risk arbitrage, relative value arbitrage and distressed/credit arbitrage. Carlson Capital’s biggest fund, the $3.86 billion Double Black Diamond LP, was founded in 1997. The fund gained an annualized 11 percent until 2009.

Citigroup Inc (NYSE:C)

According to 13F filings, Carlson had at least 506 securities in its portfolio as of March 31, 2011. The five largest stocks that Carlson sold in the first quarter are Alcon Inc (ACL), Dover Corp (DOV), Exxon Mobil Corp (XOM), Mcafee Inc and Potash Corp Sask Inc (POT).

Here is how Carlson’s top picks performed since the end of March 2011:

Stock Value (Millions) Return
Since Mar 31st
CITIGROUP INC (C) 151.6 -6.0%
GENZYME CORP (GENZ) 120.8 N/A
MARSHALL & ILSLEY CORP (MI) 110.9 -2.1%
PRIDE INTL INC DEL (PDE) 102.8 -3.8%
BUCYRUS INTL INC NEW (BUCY) 102.1 -0.2%
BANK OF AMERICA (BAC) 89.8 -10.5%
PEPSICO INC (PEP) 87.6 9.5%
JPMORGAN CHASE & CO (JPM) 86.7 -5.9%
STARWOOD HOTELS&RESORTS (HOT) 79.2 0.0%
ORACLE CORP (ORCL) 78.0 5.5%
GOOGLE INC (GOOG) 77.9 -9.8%
ENERGY PARTNERS LTD (EPL) 76.3 -12.4%
MASSEY ENERGY COMPANY (MEE) 72.1 -13.5%
FEDEX CORP (FDX) 70.1 0.0%
NORFOLK SOUTHERN CORP (NSC) 66.3 3.9%
ALLSTATE CORP (ALL) 59.5 1.9%
ROYAL DUTCH SHELL PLC (RDS) 54.5 -3.3%
APPLE INC (AAPL) 54.5 -2.3%
HCA HOLDINGS INC (HCA) 54.4 2.2%
GEO GROUP INC (GEO) 54.3 -0.8%
SARA LEE CORP (SLE) 53.8 9.0%
AMERICAN TOWER CORP (AMT) 52.7 2.2%
HEWLETT PACKARD CO (HPQ) 52.2 -1.4%
AMERICAN EXPRESS CO (AXP) 51.9 9.9%
EXPRESS SCRIPTS INC (ESRX) 50.4 7.8%
MICROSOFT CORP (MSFT) 50.2 -1.4%
MACERICH CO (MAC) 49.4 3.3%
ZIONS BANCORPORATION (ZION) 49.0 0.3%
DANAHER CORP DEL (DHR) 47.6 3.8%
SIMON PPTY GROUP INC NEW (SPG) 47.5 8.3%
Value Weighted Return of Top 30 Holdings 2,154 -1.0%
SPY N/A 1.1%

The above table shows the performance of Carlson’s 30 largest positions. C was Carlson’s biggest investment at the end of March 2011. C has lost 6.0% since the end of March, underperforming the SPY’s 1.1% return. Carlson increased his exposure by 204.3% in the first quarter. Citigroup is one of the favor stocks that hedge funds and analysts love.

Carlson was holding $120.8 million in Genzyme Corp (GENZ) shares at the end of March 2011. Sanofi-Aventis (SNY) announced on April 8, 2011 that it has completed its acquisition of Genzyme Corporation, which is now a wholly-owned subsidiary of Sanofi-Aventis.

Carlson bought $54 million of RDS shares during the last quarter of 2010. RDS has lost 3.3% since the end of March. RDS is one of the Fortune’s top ten picks for 2011 which fail to beat the market. Bruce Berkowitz’s Fairholme had $12 million in RDS-A shares at the end of 2010.

The biggest drag on Carlson’s recent performance is the decline in MEE. MEE has lost 13.5% since the end of March. Dan Loeb’s Third Point had $100+ Million in Massey Energy at the end of December.

His 30 largest positions have lost 1.0% since the end of March 2011, underperforming the SPY by 2.1 percentage points.

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 Click to see monthly returns in table format!

Lists

10 Top Reasons For Getting Fired

The 3 Best States to Start an LLC

10 Jobs That Allow You to Travel

7 High-Paying Jobs You Can Do From Home

12 Best Cities to Shop in USA

10 Best States To Practice Medicine

The 10 Best States to Have a Business

The 12 Most Expensive Apple (AAPL) Apps in the Market

The 10 Richest Billionaires in the World

10 Biggest Kickstarter Failures

The 10 Best Places to Work At

The Top 10 of Google Inc (GOOGL)’s Most Expensive Acquisitions

13 Best Cities to Visit in South America

10 Most Expensive Works of Art of All Time

The 10 Richest Banks in the World

The 10 Best-Paying Jobs in America (2014)

7 Most Expensive Foods in the World

The World’s Top 10 Earning Authors

Five Wicked and Very Expensive Items (and Other “Stuff”) Sold on eBay

10 Biggest Celebrity Bankruptcies

The Top 10 Highest Paid CEOs in 2014

The 10 Most Expensive Real Estate Cities in America

10 Most Expensive States To Live In America

The 10 Best Airlines in the World

The 10 Best-Selling Cars in 2014

The 10 Best Industries to Invest In

The 10 Most Expensive States to Own a Car In

Top 10 Business Schools in US: 2014 Rankings

Top 20 Female Billionaires in 2014

6 Movies That You Should Watch to Better Understand The Cold War

Top 15 Best Paying Jobs for Women in 2014

Top 6 Things Rich People Do Differently Every Day

5 Retirement Mistakes To Avoid (and Einstein’s Famous Quote)

11 Smartest People in the World

6 Films About the Financial World You Need To Watch (While “The Wolf” is Not Around)

Warren Buffett and Billionaires Are Crazy About These 7 Stocks

The Top 10 States With Fastest Internet Speeds

10 Best Places to Visit in USA in August

Top 10 Cities to Visit Before You Die

Top 10 Genetically Modified Food In the US

15 Highest Grossing Movies Opening Weekend

5 Best Poker Books For Beginners

10 Strategies Hedge Funds Use to Make Huge Returns

Top 10 Fast Food Franchises to Buy

10 Best Places to Visit in Canada

Best Summer Jobs for Teachers

10 Youngest Hedge Fund Billionaires

Top 10 One Hit Wonders of the 90s

Fastest Growing Cities In America

Top 10 U.S. Cities for Freelancers

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!