Five Largest Holdings from WCG Management’s Equity Portfolio

New York-based WCG Management was founded by Barry Wittlin in 2007. Previously, Wittlin worked at BofA Merrill Lynch as head of strategic risk trading for global markets and investment banking. He has a Bachelor of Arts degree in literature from Cornell University and an MBA from the Wharton School of the University of Pennsylvania.

Chevron Corporation (NYSE:CVX)

In its latest 13F, WCG Management disclosed its equity positions held as at the end of March 31, 2014. The value of the fund’s equity portfolio totaled $259.3 million, up from $211.6 million reported in the previous quarter. From the WCG Management’s equity portfolio, we have picked the top five holdings, in term of value. The fund held long-term positions in these holdings as of the end of first quarter of 2014.

WCG Management is a big fan of Chevron Corporation (NYSE:CVX), in which it boosted its stake to 250,000 shares, worth $29.8 million, from 100,000 shares disclosed as at the end of 2014. The company is engaged in production and transportation of crude oil and natural gas; manufacturing and selling of petrochemical products; and generation of power and producing geothermal energy. It has a market cap of $235.6 billion and trades at P/E of 11.17. Chevron Corporation (NYSE:CVX) is one of 10 biggest oil companies in the world.

Canadian Pacific Railway Limited (USA) (NYSE:CP) is occupying the second position. The fund upped its stake in the railway company to 149,500 shares from 67,500 shares held previously. The value of the stake is $22.4 million.  The company has a market cap of $26.9 billion. Bill Ackman’s Pershing Square disclosed ownership of 17.16 million shares of the company at the end of 2013.

In General Motors Company (NYSE:GM), WCG Management raised its stake to 435,988 shares, with a reported value of around $15 million. Previously, the fund held 277,662 shares of the company. In March 2014, Kyle Bass, founder and manager of the Dallas-based hedge fund, Hayman Advisors, said in an interview with CNBC’s Squawk on the Street that shares of General Motors Company (NYSE:GM) are undervalued and could hit a high $50 per share in the next 12 to 18 months, despite possible liability from ongoing probe over the 303 deaths as a result of air bag failure in some of GM’s models, calling it an “investment distraction”. Currently, the company’s stock trades at $33.77 per share. Warren Buffett is also bullish on the company, holding 40 million shares at the end of last year.

Crown Holdings Inc. (NYSE:CCK) is another valuable holding, in which the fund revealed a $14.6 million stake, which contains 327,475 shares. The position has been increased from 208,475 shares disclosed previously. Recently, Crown Holdings Inc. (NYSE: CCK) completed the acquisition of  Mivisa Envases SAU, a Spanish manufacturer of two- and three-piece food cans and ends, in a deal valued at $1.2 billion.

WCG Management started a new position in American Airlines Group Inc (NASDAQ:AAL), owning 394,500 shares, with a reported value of $14.4 million. The airline company operates an average of nearly 6,700 flights per day to 339 destinations in 54 countries. For the first quarter of 2014, the company posted a record GAAP net profit of $480 million, compared to a net loss of $341 million in the same period in 2013, with EBITDA worth $730 million.

Disclosure: none

Recommended reading:

Rail-Splitter Top Largest Holdings Positions From the Equity Portfolio

Columbus Circle Investors’ Top 5 New Positions

Keywise Capital Management is Bullish on These Technology Stocks

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

The 10 Biggest Airports in the World

The 5 Most Gang Infested Cities In America

The 34 Smartest Countries in the World

The 10 Countries with the Highest Suicide Rates

The 10 Most Technologically Advanced Countries in the World

The 10 Safest Countries in the World to Live in Peace

The 10 Top Selling Smartphones in the World 2014

The 12 Biggest Shopping Centers in the World

The 10 Friendliest Countries in the World

Qihoo 360 Technology Co Ltd (QIHU), Actavis plc (ACT), Yahoo! Inc. (YHOO) Among 20 Long Ideas from Sohn Canada

The 10 Laziest Countries in the World

The 10 Most Polluted Countries in the World

The 10 Most Dangerous Cities in America 2014

The Top 10 Gold Producing Countries in the World

The 10 Tallest Buildings in the World

The 10 Richest Stand Up Comedians in the World

The 10 Fattest Countries in the World

The 5 Best Summer Jobs for Teens

The 10 Most Religious Countries in the World Keeping the Faith

The 10 Most Educated Countries in the World

The 10 Most Popular Cell Phones in the World

The 10 Drunkest Countries in the World

The 10 Most Expensive Private Schools in the World

The 10 Smallest Countries in the World

Walking Dead Season 5 Spoilers You’ll Wish You Didn’t Know

The 10 Poorest Countries in the World

The 10 Greenest Countries in the World

The Top 10 Countries with the Highest Population in the World

The 10 Most Visited Countries in the World

The Top 10 Star Wars Characters in the Iconic Series

The 10 Most Expensive Android Phones in the World

5 Reasons Why The Illuminati Is Real and a Threat to Society

The 6 Scariest Halloween Costumes Ever Screamed At

The 4 Biggest Hedge Fund Managers in the World Today

The 15 Most Densely Populated Countries in the World

The 10 Biggest Tea Drinking Countries in the World

Top 6 Ways to Improve Your Checkout Process and Close Sales

The 5 Most Profitable Online Businesses You Can Start Today

The 20 Most Profitable Hospitals in the US

The 5 Most Profitable Home Businesses to Start

The 7 Teams that Will Win the Stanley Cup in 2015

The Top 10 Most Expensive Digital Cameras to Snap Stunning Shots With

The 10 Highest Quality Fast Food Restaurants In America Today

The 8 Best Halloween Decorating Ideas to Spook Up Your House

10 Marvel Women that Should Get a Movie Right Now

The 20 Best Remixes of Popular Songs that Will Make You Forget the Originals

7 Most Expensive Cities in the World

5 Least Expensive Cities in the World

10 Celebrities Who Believe In Scientology

10 High Margin Food Products to Build a Business Around

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!