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!

Lists

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

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

6 Ways 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

Top 15 Billionaires in 2014

5 Pitfalls To Avoid When Buying a Franchise

Top 20 Medical Schools in the US – 2014 Rankings

4 Business Strategies that Turned Jamie Oliver into the World’s Richest Chef

6 Qualities That Make You A Good Team Player

10 High Paying Seasonal Jobs in America this Holiday Season

The 10 Busiest Shipping Lanes in the World

5 Most Valuable Brands in China

The 10 States with Highest Substance Abuse Rates Crippling Their Populace

The Top 10 Things to Do Before You Die That Will Echo for Eternity

The 10 Best Selling Items on Etsy

Top 10 Things to Do in Tokyo, the Greatest City in the World

10 Mistakes on Social Media that Can Harm You and Will Probably Get You Canned

The 10 Best Cities to Find Jobs in 2014

The 10 Most Controversial Songs Of All Time to Hit (and get Banned from) the Airwaves

The 20 Biggest IPOs in US History

The 10 Best Places to Visit in Mexico that Are Beautiful and Safe

7 Bad Habits that Age You Beyond Your Years

The 40 Best Fortune Cookie Sayings That Will Leave You Bemused, Befuddled, or Beguiled

10 Foods to Eat Before a Workout to Make Every Drop of Sweat Count

The 5 Best Documentaries On Netflix You Must See

The Most Heartwarming and Inspirational Story Of This Halloween Season, It Will Make You Cry and Jump For Joy

10 Best Party Songs of All Time to Bring the House Down With

5 New World Order Conspiracy Theories that Will Strangle the World

The 10 Highest Rated Movies of 2014

The 10 Largest Container Shipping Companies in the World

The 10 Largest Armies in the World: Who Should We Be Afraid Of?

Best Warren Buffett Quotes on Money You Need to Hear

The 10 Highest Suicide Rates by Profession

The 20 Most Underrated Movies of All Time

The 10 Fastest Growing Companies in America

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!