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

Dividend Stock Alert - Billionaire Robbins' Top Dividend Idea With 70% Upside Potential

Get Paid 3.5% Per Year While Waiting For The Stock Appreciate 70%

Larry Robbins' Glenview Capital Opportunity Fund returned 101.7% in 2013 and Robbins personally made $750 million. The same fund returned 25.3% in 2014. In this FREE REPORT we will share Robbins' top dividend idea that yields 3.5% and has been increasing its dividends for 39 consecutive years. Robbins thinks the stock has the potential to appreciate 70%.

This is a FREE report from Insider Monkey. Credit Card is NOT required.
Click here to Read Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 74 percentage points in 2.5 years. Our beta is only 1.2 (download a FREE newsletter and see the details inside)

Lists

Best Selling Magazines in the World

Shortest People in History

The Most Celebrated Holidays in the World

Most Expensive Handbag Brands in the World

Top Selling Comic Book Issues of this Century

The Most Powerful Women in Politics

Best Paid DJs

Most Rebellious Female Artists

Best Paid TV Actresses of 2014

Best Paid Actors of 2014

Most Expensive Horses in the World

Tallest People Ever

Most Encouraging Feminist Celebrities

Best Paid Supermodels of 2014

Top 10 Suburbs for Retirement in 2015

10 Wealthiest Cities in America

Top 10 TED Talks for Entrepreneurs

Best TED Talks on Education

25 Most Dangerous Places to Live in America

Top 10 Ski Resorts in the United States – 2014 List

Top 10 Most Remote Places in the World

Most Visited Museums in the United States

Wealthiest Photographers in the World

Most Famous Gay Athletes

The World’s Most Famous Circuses

Best Hair Stylists

Most Popular NASCAR Drivers

The Best Romance Movies of all Time

The Most Wanted Drug Lords

The Oldest Money Managers

The Greatest Directors in the World

Largest Animals in the World

World’s Most Expensive Desserts

Best Selling Comic Books of All Time

A-list Actors who Sabotaged Their Career

Rappers With a College Degree

The Best Jazz Albums of all Time

The Most Influential Jazz Musicians

The World’s Most Famous Photographers

The Best Oscar-Winning Songs

Most Influential Choreographers Ever

Most Expensive Department Stores in the World

The Most Expensive Stolen Paintings in the World

The World’s Most Expensive Teas

Top Oscar Record Holders

The Most Expensive Flowers in the World

Countries With a Booming Film Industry

Most Expensive Cupcakes in the World

Uncommon European Escapes

The Most Stolen Artists in History

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 129% in 2.5 years!! Wondering How?

Download a complete edition of our newsletter for free!