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. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

10 Things The World Can’t Stand About Americans

Picture Perfect: The 6 Smartphones with the Best Cameras

The 10 Best Countries To Work In the World

A Profitable Day At The Track: 5 Tips For Betting On Horses

Tearing You Apart: 6 Bad Habits That Ruin Relationships

Learning on the Job: The 6 Biggest Mistakes Parents Make

Shopaholics Rejoice: The 12 Biggest Malls in the World

Fright Night: 10 Horror Movies Based on True Stories

Mach Mania: The 10 Fastest Jets in the World

Military Heavyweights: The 10 Countries with the Most Tanks

All In: The 7 Richest Poker Players in the World

Abracadabra: The 10 Best Magicians in the World

The 10 Richest Asian Countries in the World in 2014

Eyes in the Sky: 10 Things You Need to Know About Drones

Rising Stars: The 6 Best Silicon Valley Startups

Military Muscle: The 5 Most Advanced Armies in South America

All that Glitters: The 7 Most Luxurious Jewelry Brands in the World

5 Things You Didn’t Know About ISIS but Should

Empowering Your Money: The 5 Best Energy Stocks to Invest In

The 11 Best Android Apps You Can’t Get on iOS

The 10 Most Important International Conflicts in 2014

Mood Enhancers: The 20 Most Uplifting Songs of all Time

Lover Beware: The 8 Countries that Cheat the Most

Breath of Fresh Air: The 25 Countries with the Best Air Quality on the Planet

Singles Beware: The 8 Worst Mistakes Made on First Dates

Healthy and Happy: The 10 Countries with Lowest Healthcare Costs

The 6 Best Company Team Building Activities to Build Workplace Camaraderie

Ships Ahoy: The 10 Busiest Shipping Ports in the World

10 Productivity Tips to Save You Time and Help You Do More With Less

Grab a Bite: The Most Popular Fast Food Restaurants in America

Friday Night Thirst: The 10 Most Popular Cocktails in the World

The 6 Greatest Unsolved Mysteries We May Never Figure Out

7 Useless Products You Never Should’ve Bought

The 5 Reasons Why You’re Single and Miserable

The 7 Most Addictive Foods in the World We Can’t Stop Eating (Even Though We Should)

5 Amazing Places You Can Swim with Dolphins

The Top 7 Most Livable Countries In The World

The 10 Most Expensive Baseball Cards Ever Pulled From A Pack

The 5 Easiest Second Languages to Learn for English Speakers

Silver Spoon: The 6 Richest Families in the World

The 20 Countries with the Largest Prison Populations in the World

The Top 10 Richest Actors in the World

The 10 Best Airline Stocks to Invest In Before They Fly Too High

Burger Kings: The 10 Most Expensive Burgers in the World

The 10 Most Ethnically Diverse Countries in the World

The 10 Most Exclusive Credit Cards in the World

The 10 Most Expensive Cruise Ships in the World

The 10 Fastest Supercomputers in the World

The 10 Best Countries for Doing Business 2015

6 Most Expensive Fruits In The World

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!