David Tepper’s Top Small-Cap Picks Stay Restricted to Industrials and Basic Materials

Triumph Group Inc (NYSE:TGI) occupied the second spot on Tepper’s list of small-caps with 832,270 shares valued at $49.70 million. The $3.35 billion company serves the aviation industry by manufacturing, repairing and overhauling a broad portfolio of aero structures and aircraft components. Triumph Group Inc (NYSE:TGI) has been in Tepper’s portfolio since the last quarter of 2013 and its stake was increased by 9% during the January-March quarter. Alexander Roepers‘ Atlantic Investment Management is the largest shareholder of the company, according to our database, with some 4.7 million shares valued at $280.68 million. Triumph Group Inc (NYSE:TGI)’s stock is trading almost sideways year-to-date.

Tepper reduced its stake in Axiall Corp (NYSE:AXLL) by 12% during the first quarter to 992,889 shares valued at $56.61 million. The $2.65 billion manufacturer of chemicals and building products missed both the EPS and revenue estimates for the first quarter and its stock has slid by 11.26% so far this year. Israel Englander is more positive about the company’s prospects as he significantly increased Millennium Management’s position in Axiall Corp (NYSE:AXLL) to 3.02 million shares during the first quarter.

Terex Corporation (NYSE:TEX) is another loser on this list as its stock has slumped by 6.71% year-to-date. In comparison, the farm & construction equipment industry hasn’t gained much this year either and is only up by about 0.39%. Tepper trimmed the exposure of his fund to Terex Corporation (NYSE:TEX) by 2% during the first three months to 1.6 million shares valued at $42.63 million. Richard S. Pzena’s Pzena Investment Management increased its stake to 3.69 million shares valued at $98.13 million during the last quarter.

Disclosure: None