George Soros and Jeff Altman Are Both Betting On These Six Stocks

Owl Creek Asset Management was founded in 2001 in New York by Jeffrey Altman, its current manager. Altman uses a combination of fundamental value and event driven strategies to invest in publicly traded stocks across the globe. His fund, Owl Creek Overseas Fund, has approximately $3.2 billion in assets under management. In 2012, the fund returned 11.1%, while in 2013 it rose 49% being among the top 10 best performing funds in the world.

Jeffrey Altman

An analysis of Owl Creek’s equity portfolio reveals some resemblances between the stock picks of Altman and those of the legendary George Soros. Both Owl Creek and Soros Fund Management are heavily invested in stocks like DISH Network Corp (NASDAQ:DISH) and General Motors Company (NYSE:GM). Let’s see why Soros and Altman like these and several other stocks.

One of Altman’s top holdings is DISH Network Corp (NASDAQ:DISH). During the fourth quarter of 2013, Owl Creek increased its position by 37% to 2.39 million shares valued at $139 million. George Soros is also bullish on this stock, doubling his fund’s position. The pay-television provider has a market cap of $27 billion and is traded at a Price to Earnings (P/E) ratio of 34.41. 2013 fourth quarter brought $3.1 billion revenues and earnings per share (EPS) of $0.46. The company is expected to post $3.58 billion and earnings of $0.44 per share for the current quarter.

Another important position is Teva Pharmaceutical Industries Ltd (ADR) (NYSE:TEVA). Owl Creek has initiated a new position during the last quarter and has acquired 1.18 million shares worth about $47.3 million. Soros Fund has also added a massive 158% to its position during the same period. Teva has a market cap of $47 billion and pays an annual dividend of $1.31, which represents a yield of 2.7%. The stock has been in an uptrend since November 2013 and is currently trading around $50 per share. The company posted revenues of $5.4 billion and EPS of $0.88 for Q4 of 2013.

Next up is General Motors Company (NYSE:GM), another new position initiated by Altman during Q4 of 2013. According to its latest 13F report, Owl Creek holds 1.4 million shares valued at $57.4 million. George Soros more than doubled his position, taking it to 4.9 million shares. Another fund that is heavily invested in GM is Warren Buffett‘s Berkshire Hathaway, which holds 40 million shares. The automotive giant has a market cap of approximately $60 billion and pays an annual dividend of $1.2 or a yield of 3.3%. General Motors announced $40.5 billion in revenues and earnings of $0.67 per share for the last quarter of 2013. Current quarter is expected to bring revenues of $38 billion and EPS of $0.54.

Another new position is Delta Air Lines, Inc. (NYSE:DAL). Altman has bought 1.22 million shares worth approximately $33.5 million. Coincidence or no, but George Soros has also initiated a similar position last quarter – 1.5 million shares. The carrier has a market cap shy of $30 billion and pays an annual dividend of $0.24, which accounts for a yield of 0.7%. The stock is traded at a trailing P/E ratio of 2.82, below the industry average of 4.70. For the three months ending December 31, 2013, Delta posted revenues of $9.7 billion and EPS of $0.65, surpassing market expectations. Analysts expect the company to register lower revenues and earnings during the current quarter: $8.9 billion and $0.29 respectively.

Both Soros and Altman have initiated position in Ford Motor Company (NYSE:F) during the last quarter of 2013. Owl Creek acquired 1.9 million shares, while Soros Fund Management reported ownership of just 191,693 shares. The company has a market cap of $61.9 billion and pays an annual dividend of $0.43, which translates into an yield of 2.8%. The stock is traded at a P/E ratio of 8.83 and has been trending sideways since reaching a recent high of $18.97 per share in January 2011. Ford registered revenues of $37 billion and earnings of $0.57 per share during the fourth quarter of 2013.

There is one stock that both managers have reduced exposure to: The Boeing Company (NYSE:BA). Altman has reduced Owl Creek’s stake by 22% to 597,852 shares, worth approximately $81.6 million, while Soros trimmed his fund’s holding by 20% to just 183,160 shares, valued at $25 million. The company has a market cap of 96 billion and pays an annual dividend of $2.92, which represents a yield of 2.30%. For the three months ending December 31, 2013, Boeing posted revenues of $23.8 billion and earnings per share of $1.88. For the current quarter, the company is expected to announce revenues of $21.2 billion and EPS of $1.57.

Disclosure: none.

Recommended reading:

Warren Buffett and Lou Simpson Are Bullish On These Stocks

Hound Partners & Marble Arch Investments Are Betting On Same Stocks

Serengeti Asset Management Is Fond of These 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!


The 10 Biggest ‘Gate’ Controversies in History

The 10 States with the Highest Nursing Shortages Leaving Their Hospitals Depleted

The 10 Best Value Investment Blogs that Every Investor Must Read

The 6 Cheapest Boarding Schools in Europe 2015

The 5 Most Expensive Cars To Insure in the World

The 10 Most Common Genetically Modified Foods

10 Self-Made Billionaires Who Came From Nothing

The 10 Most Expensive Cities to Live in North America

The 13 Most Expensive Headphones in the World to Represent

The Top 20 Wealthiest Soccer Teams in 2014

4 BuzzWorthy Cannabis Stocks And Some Smoking Derivative Plays

The 10 Healthiest Fast Food Chains in America to Dine At

The 5 Most Expensive Cat Food Brands You Can Spoil Your Kitty With

The 6 Best eCommerce Platforms for Small Businesses

The 10 Worst Mistakes an Entrepreneur Can Make

The 5 Most OP Characters in League of Legends to Carry Games and Crush Foes With

The 5 Best Foods to Eat Before Running that Will Help You Pound the Pavement

10 Glaring Plot Holes in The Walking Dead that a Zombie-Filled Bus Could Drive Through

The 5 Biggest Celebrity Stoners Who Love Their Reefer

The 10 Most Overrated Movies Of All Time by Out-of-Touch Critics

Top 6 Least Expensive Cruise Destinations For 2015 that Will Take You to Paradise

10 States with Lowest Substance Abuse Rates in America

The 14 Most Watched TV Finales Ever

The 10 Best Selling Role Playing Games of All Time for PC

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

How 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


Enter your email:

Delivered by FeedBurner


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!