Columbus Circle Investors’ Top 5 New Positions

It its latest round of 13F filings, Columbus Circle Investors has revealed several new positions that are worth taking a look at. The fund’s top positions have not registered significant changes, as its manager, Donald Chiboucis, is still fond of Apple Inc.(NASDAQ:AAPL) and Google Inc (NASDAQ:GOOGL), with Starbucks Corporation (NASDAQ:SBUX) and Nike Inc (NYSE:NKE) also among his top stock picks. We will take a look at Chiboucis top five new positions added to his equity portfolio during the first quarter of 2014.

Constellation Brands, Inc. (NYSE:STZ)

First up is Royal Caribbean Cruises Ltd. (NYSE:RCL) a cruise company with a worldwide presence. Columbus Circle reported ownership of 1.72 million shares valued at $94.3 million. Ken Griffin also has a considerable stake: 1.21 million shares reported in the latest 13F. The company has a market cap of $11.5 billion and pays an annual dividend of $0.87, which represents a yield of 1.7%. The stock is traded at a trailing Price to Earnings (P/E) ratio of around 24.00, which is significantly lower than the industry average of 191.10. So far this year, the stock has gained 10% to a current price of $51.92 per share. Royal Caribbean Cruises reported $1.85 billion in revenues and earnings of $0.23 per share for the 2013 fourth quarter.

Chiboucis’ second biggest addition is Constellation Brands, Inc. (NYSE:STZ), a marketer of imported beer in the United States. He has acquired 1.1 million shares, which are worth approximately $93.5 million, according to the fund’s latest 13F filing. Andreas Halvorsen is also betting big on this stock, with his fund, Viking Global, holding 5.48 million shares as at the end of last year. The company has a market cap of $14.9 billion and does not pay a dividend. For the three months ending February 28, 2014, Constellation Brands announced revenues of $1.29 billion and earnings of $0.73 per share. The subsequent quarter is expected to bring $1.48 billion in revenues and earnings per share of $0.92.

Brinker International, Inc. (NYSE:EAT) is another stock Chiboucis and Columbus are betting big on, having built a position which amasses 1.7 million shares valued at $89.7 million. Jim Simons has, on the other hand, reduced his fund’s exposure to this stock during the fourth quarter of last year. Brinker International develops and operates dining restaurants in the United States, has a market cap of $3.27 billion and pays an annual dividend of $0.92, equivalent to a yield of 1.9%. So far this year, the stock has advanced 7% and currently trades at a trailing P/E ratio of 20.xx. The company posted revenues of $758 million and earnings of $0.84 per share for the 13 weeks ending March 26, 2014.

Next up is United Continental Holdings Inc (NYSE:UAL), the owner of United Air Lines, Inc. and Continental Airlines, Inc. Columbus reported ownership of 1.71 million shares valued at $76.4 million in its latest 13F filing. Bill Miller of Legg Mason Capital Management is also keeping tabs, as his fund owns approximately 2.4 million shares. The company registered revenues of $9.32 billion and earnings per share of $0.65 in the fourth quarter of 2013. The stock is traded at a trailing P/E ratio of 26.xx, with the forward P/E ratio of 7.20 suggesting market participants expect the company to capitalize on its earnings potential.

Last but not least is Signet Jewelers Ltd. (NYSE:SIG), a company that engages in the retail of retail sale of jewelry and watches. Chiboucis has bought 705,950 shares reportedly worth $74.7 million, which makes it the fifth largest addition to the portfolio. The company has a market cap of $7.98 billion and pays an annual dividend of $0.60, which represents a yield of 0.6%. So far this year, the stock has advanced 26% to a current price of $99.39 per share and a trailing P/E ratio of 21.xx. For the 13 weeks ending February 1, 2014, Signet Jewelers posted $1.56 billion in revenues and earnings per share of $2.18. Analysts expect the company to announce revenues of $1.07 billion and earnings of $1.27 per share for the subsequent quarter.

Disclosure: none.

Recommended reading:

Hedge Fund Investor Letters

Apple Inc. (AAPL) & Google Inc (GOOG) Are Among Largest Holdings in Columbus Circle Investors’ Latest 13F

Ken Fisher & Fisher Asset Management’s Biggest Moves from the Latest 13F

Greenlight Capital 2014 Q1 Investor Letter

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!


10 High Margin Food Products to Build a Business Around

The 10 Most Expensive Clothing Stores in the United States to Get Decked Out At

The 5 Biggest Kickstarter Scams That Swindled Backers’ Donations

The 10 Most Expensive Boarding Schools In the World

50 Crazy Facts About Japan You Won’t Believe

Top 10 Least Expensive Hybrid Cars to Save the Planet With

The 10 Biggest ‘Gate’ Controversies in History

The 10 States with the Highest Nursing Shortages Leaving Their Hospitals Depleted

The 10 Best Value Investment Blogs that Every Investor Must Read

The 6 Cheapest Boarding Schools in Europe 2015

The 5 Most Expensive Cars To Insure in the World

The 10 Most Common Genetically Modified Foods

10 Self-Made Billionaires Who Came From Nothing

The 10 Most Expensive Cities to Live in North America

The 13 Most Expensive Headphones in the World to Represent

The Top 20 Wealthiest Soccer Teams in 2014

4 BuzzWorthy Cannabis Stocks And Some Smoking Derivative Plays

The 10 Healthiest Fast Food Chains in America to Dine At

The 5 Most Expensive Cat Food Brands You Can Spoil Your Kitty With

The 6 Best eCommerce Platforms for Small Businesses

The 10 Worst Mistakes an Entrepreneur Can Make

The 5 Most OP Characters in League of Legends to Carry Games and Crush Foes With

The 5 Best Foods to Eat Before Running that Will Help You Pound the Pavement

10 Glaring Plot Holes in The Walking Dead that a Zombie-Filled Bus Could Drive Through

The 5 Biggest Celebrity Stoners Who Love Their Reefer

The 10 Most Overrated Movies Of All Time by Out-of-Touch Critics

Top 6 Least Expensive Cruise Destinations For 2015 that Will Take You to Paradise

10 States with Lowest Substance Abuse Rates in America

The 14 Most Watched TV Finales Ever

The 10 Best Selling Role Playing Games of All Time for PC

10 Most Influential Papers In Economics

Top 8 Biggest Charities in the US

10 Worst Celebrity Career Moves Ever

Top 10 Best Paid Tennis Stars in the World

Top 6 Cities For The Ultra Rich to Live in Comfort

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

How to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

10 Best Places to Visit in Central and South America

The 10 Greatest Empires in History Which Nearly Conquered the World

The 6 Cheapest Boarding Schools In America 2015

5 Clear Reasons LoL is Better than DotA, Continues to Rule MOBAs

The Only 9 Teams with a Chance to Win the Super Bowl

The 15 Most Common Phobias in America that Induce Fits of Panic

Top 6 Least Expensive Tourist Destinations in 2014

Jim Goetz, Peter Fenton, Jim Breyer: Top 6 Venture Investors for 2014


Enter your email:

Delivered by FeedBurner


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!