Hoplite Capital’s Latest 13F Reveales a Large Stake in Sunedison Inc (SUNE) & Actavis plc (ACT)

In the latest round of 13F filings, Hoplite Capital Management, led by John Lykouretzos, revealed its equity portfolio as of the end of the first quarter of the year. The total value of the portfolio amounts to $3.62 billion, slightly higher than the previous quarter value of $3.56 billion. Mr. Lykouretzos is a former employee of Andreas Halvorsen’s Viking Global Investors and Julian Robertson‘s Tiger Management. Even though the manager of Hoplite is an expert in industrials and financial services, the equity portfolio of the fund primarily consists of technology and services stocks. In this article we will take a look at the five largest holdings in terms of value from Hoplite’s latest 13F.

Sunedison Inc (NYSE:SUNE)

Sunedison Inc (NYSE:SUNE) is one of the successful bets made by Mr. Lykouretzos during the first three months of the year. Hoplite reported a new stake in the company, which contains over 16.01 million shares, reportedly worth $301.64 million. The stock of Sunedison Inc (NYSE:SUNE) surged by almost 50% since the beginning of the year, outperforming most of its peers in the semiconductor equipment industry. However, the company has been posting negative earnings in the past couple of years. Its EBITDA for 2013 amounted to -$130 million, while Earnings per Share were at -$2.46, versus -$0.66 a year earlier.

Nevertheless, investors seem to be confident about this company. David Einhorn of Greenlight Capital is bullish on Sunedison Inc (NYSE:SUNE) upping his stake by an eightfold to 11.85 million shares, while Rishi Bajaj, Toby Symonds, and Steve Tesoriere‘s Altai Capital owns around 18.43 million shares as of the end of March.

The stock of Actavis plc (NYSE:ACT) also performed well so far, gaining around 26% year-to-date. Hoplite, however, has reduced its stake in the pharmaceutical company by 40% to 883,600 shares, worth $181.89 million. Actavis currently trades at a forward P/E of around 13.00, with the consensus estimates for the company’s earnings for the current year standing at approximately $13.50 per share. Dan Loeb‘s Third Point and Stephen Mandel‘s Lone Pine Capital reported new stakes in Actavis plc (NYSE:ACT) in their latest 13F filings, which contain 2.50 million and 2.38 million shares respectively. In Third Point’s equity portfolio, the $514.63 million stake in Actavis plc (NYSE:ACT) is currently the largest holding, amassing 7.60% of the portfolio.

In the next two companies, Hoplite has edged down its positions by 16%. In H & R Block Inc (NYSE:HRB) it reported a $171.33 million position, which contains 5.68 million shares, and in Lowe’s Companies, Inc. (NYSE:LOW) it revealed ownership of 3.06 million shares, valued at $149.58 million.

H & R Block Inc (NYSE:HRB) is an $8.0 billion tax preparation and banking services company. Viking Global is another large shareholder of the company, owning 17.05 million shares, worth $514.86 million.

Lowe’s Companies, Inc. (NYSE:LOW)’ stock edged down 5% year-to-date and trails a P/E of around 20.90, slightly below the Home Improvement Stores industry average of 25.00. Viking Global also owns a significant stake in Lowe’s Companies, Inc. (NYSE:LOW), reporting a $885.71 million position, which contains over 18.11 million shares.

In addition, Hoplite revealed a $144.46 million stake in Mohawk Industries, Inc. (NYSE:MHK), which contains 1.06 million shares, the holding being increased by 17% over the quarter. Former Lykouretzos’ boss Andreas Halvorsen is also bullish on this carpet manufacturer, holding 2.51 million shares, worth $341.70 million. Robert Joseph Caruso’s Select Equity Group is another shareholder of Mohawk Industries, Inc. (NYSE:MHK) which owns 2.42 million shares, worth $329.49 million.

Disclosure: none

Dividend Stock Alert - Billionaire Robbins' Top Dividend Idea With 70% Upside Potential

Get Paid 3.5% Per Year While Waiting For The Stock Appreciate 70%

Larry Robbins' Glenview Capital Opportunity Fund returned 101.7% in 2013 and Robbins personally made $750 million. The same fund returned 25.3% in 2014. In this FREE REPORT we will share Robbins' top dividend idea that yields 3.5% and has been increasing its dividends for 39 consecutive years. Robbins thinks the stock has the potential to appreciate 70%.

This is a FREE report from Insider Monkey. Credit Card is NOT required.
Click here to Read Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 74 percentage points in 2.5 years. Our beta is only 1.2 (download a FREE newsletter and see the details inside)

Lists

Best Selling Magazines in the World

Shortest People in History

The Most Celebrated Holidays in the World

Most Expensive Handbag Brands in the World

Top Selling Comic Book Issues of this Century

The Most Powerful Women in Politics

Best Paid DJs

Most Rebellious Female Artists

Best Paid TV Actresses of 2014

Best Paid Actors of 2014

Most Expensive Horses in the World

Tallest People Ever

Most Encouraging Feminist Celebrities

Best Paid Supermodels of 2014

Top 10 Suburbs for Retirement in 2015

10 Wealthiest Cities in America

Top 10 TED Talks for Entrepreneurs

Best TED Talks on Education

25 Most Dangerous Places to Live in America

Top 10 Ski Resorts in the United States – 2014 List

Top 10 Most Remote Places in the World

Most Visited Museums in the United States

Wealthiest Photographers in the World

Most Famous Gay Athletes

The World’s Most Famous Circuses

Best Hair Stylists

Most Popular NASCAR Drivers

The Best Romance Movies of all Time

The Most Wanted Drug Lords

The Oldest Money Managers

The Greatest Directors in the World

Largest Animals in the World

World’s Most Expensive Desserts

Best Selling Comic Books of All Time

A-list Actors who Sabotaged Their Career

Rappers With a College Degree

The Best Jazz Albums of all Time

The Most Influential Jazz Musicians

The World’s Most Famous Photographers

The Best Oscar-Winning Songs

Most Influential Choreographers Ever

Most Expensive Department Stores in the World

The Most Expensive Stolen Paintings in the World

The World’s Most Expensive Teas

Top Oscar Record Holders

The Most Expensive Flowers in the World

Countries With a Booming Film Industry

Most Expensive Cupcakes in the World

Uncommon European Escapes

The Most Stolen Artists in History

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 129% in 2.5 years!! Wondering How?

Download a complete edition of our newsletter for free!