Impala Asset Management’s Top Bullish Moves

Last Wednesday, Robert Bishop’s Impala Asset Management, filed a Form 13F with the U.S. Securities and Exchange Commission, reporting its long equity positions as of the end of the first quarter of 2014. Over the three months ending on March 31, the fund started 12 new stock positions, and increased its stakes in 34 of its preexisting holdings. Let’s take a closer look at Mr. Bishops’s portfolio for Q1 2014, its top holdings and its new stakes.

Impala’s top three holdings remained unchanged in rank, but the two largest, NVR, Inc. (NYSE:NVR) and Delta Air Lines, Inc. (NYSE:DAL), saw an increase (of 15% and 11%, respectively) in the number of shares owned by the fund. With a value of more than $200 million each, these holdings account for about 16% of its total portfolio value. The fund’s third largest position, at Macy’s, Inc. (NYSE:M), however, was cut by 8%, to 2.2 million shares. This holding is now worth about $130 million.

Fluor Corporation (NEW) (NYSE:FLR)

The fourth most valuable holding at Mr. Bishop’s fund’s equity portfolio, Fluor Corporation (NEW) (NYSE:FLR), an $11.8 billion market cap engineering and construction company, also saw a significant increase in his ownership. Up 62% in relation to the previous quarter, the fund now owns 1.6 million shares, which is more than $126 million in stock.

On the fifth place, there’s a new holding: Lennar Corporation (NYSE:LEN), a $7.86 billion market cap homebuilder and a provider of financial services. Over Q1 2014, the fund acquired about 3.11 million shares of the company, worth more than $120 million, and accounting for 4.4% of its total equity portfolio.

Finally, a bullish move took place at Harley-Davidson Inc (NYSE:HOG), the famed $15.5 billion market cap motorcycle maker. Mr. Bishop’s fund upped its bets by 21%, to 1.6 million shares, currently valued at more than $100 million. Harley-Davidson now stands as the fund’s seventh largest long stock position, and accounts for almost 4% of its portfolio.

Impala Asset Management, managed by Robert Bishop, is a Connecticut-based hedge fund that was founded in 2003. Its portfolio, worth more than $2.7 billion, is mainly divided between services, industrial goods, and basic materials stocks (30%, 29.5%, and 25.5%, respectively).

Disclosure: Javier Hasse holds no position in any stocks mentioned.

 

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!

Lists

The 10 Countries with the Highest Suicide Rates

The 10 Most Technologically Advanced Countries in the World

The 10 Safest Countries in the World to Live in Peace

The 10 Top Selling Smartphones in the World 2014

The 12 Biggest Shopping Centers in the World

The 10 Friendliest Countries in the World

Qihoo 360 Technology Co Ltd (QIHU), Actavis plc (ACT), Yahoo! Inc. (YHOO) Among 20 Long Ideas from Sohn Canada

The 10 Laziest Countries in the World

The 10 Most Polluted Countries in the World

The 10 Most Dangerous Cities in America 2014

The Top 10 Gold Producing Countries in the World

The 10 Tallest Buildings in the World

The 10 Richest Stand Up Comedians in the World

The 10 Fattest Countries in the World

The 5 Best Summer Jobs for Teens

The 10 Most Religious Countries in the World Keeping the Faith

The 10 Most Educated Countries in the World

The 10 Most Popular Cell Phones in the World

The 10 Drunkest Countries in the World

The 10 Most Expensive Private Schools in the World

The 10 Smallest Countries in the World

Walking Dead Season 5 Spoilers You’ll Wish You Didn’t Know

The 10 Poorest Countries in the World

The 10 Greenest Countries in the World

The Top 10 Countries with the Highest Population in the World

The 10 Most Visited Countries in the World

The Top 10 Star Wars Characters in the Iconic Series

The 10 Most Expensive Android Phones in the World

5 Reasons Why The Illuminati Is Real and a Threat to Society

The 6 Scariest Halloween Costumes Ever Screamed At

The 4 Biggest Hedge Fund Managers in the World Today

The 15 Most Densely Populated Countries in the World

The 10 Biggest Tea Drinking Countries in the World

Top 6 Ways to Improve Your Checkout Process and Close Sales

The 5 Most Profitable Online Businesses You Can Start Today

The 20 Most Profitable Hospitals in the US

The 5 Most Profitable Home Businesses to Start

The 7 Teams that Will Win the Stanley Cup in 2015

The Top 10 Most Expensive Digital Cameras to Snap Stunning Shots With

The 10 Highest Quality Fast Food Restaurants In America Today

The 8 Best Halloween Decorating Ideas to Spook Up Your House

10 Marvel Women that Should Get a Movie Right Now

The 20 Best Remixes of Popular Songs that Will Make You Forget the Originals

7 Most Expensive Cities in the World

5 Least Expensive Cities in the World

10 Celebrities Who Believe In Scientology

10 High Margin Food Products to Build a Business Around

The 10 Most Expensive Clothing Stores in the United States to Get Decked Out At

The 5 Biggest Kickstarter Scams That Swindled Backers’ Donations

The 10 Most Expensive Boarding Schools In the World

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 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!