Here Are Billionaire Dollar Hedge Fund Seminole Capital’s Top Stock Picks

#3 Bank of America Corp (NYSE:BAC)

Shares held (as of September 30): 10.43 million
Total Value (as of September 30): $162.43 million
Percent of Portfolio (as of September 30): 7.25%

Seminole Capital Management increased its position in Bank of America Corp (NYSE:BAC) by 40% in the third quarter to 10.43 million shares, as the bank has come a long way from the Great Recession. Because of CEO Brain Moynihan’s attention to cost cutting and previous legal settlements, Bank of America’s expenses and legal fees are markedly lower than before, providing shareholders with better earnings per share. Like Citigroup, Bank of America shares are cheap, with a price-to-book ratio of 0.77 and price-to-tangible book of 1.1. Bruce Berkowitz‘s Fairholme (Fairx) owned 75.49 million shares of the investment bank at the end of June.

#2 T-Mobile US Inc (NASDAQ:TMUS)

Shares held (as of September 30): 5 million
Total Value (as of September 30): $198.88 million
Percent of Portfolio (as of September 30): 8.88%

Seminole Capital Management upped its stake in T-Mobile US Inc (NASDAQ:TMUS) by 43% in the third quarter to 5 million shares, as analysts are optimistic on the stock. 18 analysts have a ‘Buy’ rating, one has a ‘Sell’ rating, and seven have a ‘Hold’ rating. All told, analysts have a consensus per share price target of $43.25 on the stock, 11.87% upside. Hedge funds are bullish on T-Mobile US Inc (NASDAQ:TMUS) as well, as 69 funds reported holding stakes in the stock worth $3.46 billion as of the end of June, with Dan Loeb’s Third Point among them, with a holding of 6.5 million shares. Shares have done very well in 2015, with the stock up by 43% year-to-date.

#1 Delta Air Lines, Inc. (NYSE:DAL)

Shares held (as of September 30): 4.45 million
Total Value (as of September 30): $199.73 million
Percent of Portfolio (as of September 30): 8.92%

Seminole Capital Management can’t seem to get enough of Delta Air Lines, Inc. (NYSE:DAL), as the fund increased its position by 41% quarter-over-quarter to 4.45 million shares, with the position representing 8.92% of the fund’s portfolio. Delta Air Lines reported solid third quarter earnings, with earnings of $1.74 per share on revenues of $11.12 billion. As long as fuel prices stay lower for longer, look for Delta to make plenty of profits that it can use to buy back stock. Shares are up by 4.41% year-to-date.

Disclosure: None