Home Loan Servicing Solutions Ltd (HLSS): Jamie Zimmerman Discloses Passive Stake; See Her Other Top Picks

Marred by safety recalls worth nearly $4.0 billion during 2014, General Motors Company (NYSE:GM) is still up by about 8.6% over the last year.  The firm’s board recently authorized a share buy-back program to the tune of 5 billion shares that is to be completed before the end of 2016. Litespeed held about 2.6 million shares of the automotive company valued at $90.49 million by the end of the fourth quarter. Warren Buffet’s Berkshire Hathaway holds the largest stake in the company among hedge funds with 41 million shares valued at $1.43 billion. General Motors Company (NYSE:GM) is also one of the favorite automotive picks among money managers.

Moving on to Litespeed’s third largest holding, American Realty Capital Properties Inc (NASDAQ:ARCP), which constituted about 8.52% of the portfolio value and comprised of 9.57 million shares valued at $86.6 million. Keith Meister’s Corvex Capital revealed an activist stake consisting of 70.64 million shares in the real estate investment trust (REIT) as of this month. The fund also requested a seat on the company’s board in order to assist the company in choosing a new CEO and Chairman for the company, but the request has been denied so far. American Realty Capital Properties Inc (NASDAQ:ARCP) fell out of investor’s favor in October amid accounting discrepancies. The recent release of restated financial statement has added some momentum back in the the company’s stock price.

Home Loan Servicing Solutions Ltd (NASDAQ:HLSS)  was formed to acquire mortgage servicing assets consisting of mortgage servicing rights, rights to fees and other income from servicing mortgage loans, and associated servicing advances. Perella Weinberg Partners’ Xerion strategy and Israel Englander’s Millennium Management held about 469,100 shares valued at $9.16 million and 363,800 shares valued at $7.1 million respectively at the end of the fourth quarter. Home Loan Servicing Solutions Ltd (NASDAQ:HLSS) is down by about 14% over the last 52 weeks, following a steep decline in January this year when California was looking to suspend the company’s and its affiliates’ mortgage license claiming that they had failed to provide documentation showing that they complied with the state homeowner protection laws. Home Loan Servicing Solutions Ltd (NASDAQ:HLSS) was later let off the hook with a $2.5 million fine.