Hedge Fund Limestone Value Partners Is Snapping Up These Declining Stocks

HFF Inc. (NYSE:HF)

Shares Owned by Limestone (as of September 30): 185,029

Value of Limestone’s Shares (as of September 30): $6.25 million

Percentage of Limestone’s Public Equity Portfolio (as of September 30): 7.63%

Shares Owned by Limestone (as of June 30): 152,811

Third Quarter Returns: -19.10%

In HFF Inc. (NYSE:HF), Limestone upped its position by over 20% during the quarter amid a 19% decline in the stock. Having a market cap of $1.40 billion, HFF Inc. (NYSE:HF) is engaged in providing commercial real estate and capital markets services. For the second quarter, the company reported revenues of $125.0 million, up from $94.8 million in the same quarter last year. Its income rose to $21.2 million, versus $12.6 million in the last year quarter. HFF Inc. (NYSE:HF)’s stock gained nearly 3% year-to-date. Ken Heebner’s Capital Growth Management is among the largest shareholders of the company, with share ownership of 1.12 million shares.

Twenty-First Century Fox Inc (NASDAQ:FOX)

Shares Owned by Limestone (as of September 30): 226,000

Value of Limestone’s Shares (as of September 30): $6.12 million

Percentage of Limestone’s Public Equity Portfolio (as of September 30): 7.47%

Shares Owned by Limestone (as of June 30): 185,000

Third Quarter Returns: -15.80%

Twenty-First Century Fox Inc (NASDAQ:FOX) is also favorite stock of Limestone, which upped its position in the company by over 20% during the quarter. Twenty-First Century Fox Inc (NASDAQ:FOX) did post notable financial results for the quarter ended June 30. The company’s income massively dropped to $116 million, compared to $966 million in the same quarter last year. Revenues were $6.21 billion, down from $8.42 billion in the prior year quarter. Shares of Twenty-First Century Fox Inc (NASDAQ:FOX) lost nearly 20% year-to-date. Twenty-First Century Fox Inc (NASDAQ:FOX) is also a favorite stock of Jeffrey Ubben’s Valueact Capital, owning 44.58 million shares.

Microsoft Corporation (NASDAQ:MSFT)

Shares Owned by Limestone (as of September 30): 133,859

Value of Limestone’s Shares (as of September 30): $5.93 million

Percentage of Limestone’s Public Equity Portfolio (as of September 30): 7.24%

Shares Owned by Limestone (as of June 30): 133,859

Third Quarter Returns: 0.91%

Limestone’s position in Microsoft Corporation (NASDAQ:MSFT) remained unchanged over the quarter. Microsoft Corporation (NASDAQ:MSFT)’s stock sports a dividend yield of 3.03%, allowing the stock to be ranked among the favorite dividend picks of billionaire investors. Shares of the Microsoft Corporation (NASDAQ:MSFT)’s stock inched up by 1.6% year-to-date. Another investor that sees value in Microsoft Corporation (NASDAQ:MSFT) is Jeffrey Ubben’s Valueact Capital, holding 75.27 million shares. We previously shared ValueAct’s Microsoft presentation in an article. The stock has been among the most resilient stocks during the third quarter.

Disclosure: none