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.

 

Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

Most Expensive Animals in the World

Most Expensive Specialty Crops in the World

Movies That Took Ages to Make

The Longest Hollywood Films Ever Made

Most Expensive Concert Stages

The Richest Bands of all Time

10 Most Corrupt Countries 2013 List

10 Countries with the Highest Quality of Life Index

Most Expensive Mattresses in the World

5 Smallest Countries by Land Area

The Ultimate Heartbreak Songs

Richest Teenagers in the World

10 Most Haunted Places in America

10 Best Places to Retire in Florida East Coast

Top 10 Places to See Before You Die

Top 8 Countries in the World Where Justice Prevails

10 Richest States in America

15 Wealthiest Countries in the World

Richest Singers in the World

Most Expensive Tasting Menu in New York City

Most Expensive Baby Items in the World

Most Expensive Hotel Suites in Vegas

Most Expensive Brunch in New York City

Most Expensive Beef Cuts in the World

25 Best Colleges to Get a Job

Top 10 US Supermarkets

The 25 Most Dangerous Cities in the World to Visit

Most Expensive Xbox Games

Top 11 Cities Where Billionaires Live

Top 10 Most Charitable Companies in America

Most Expensive Seafood in the World

The 10 Wildest Conspiracy Theories

The 10 Best Job Markets in the US

Top 10 Accounting Scandals of All Time

The 25 Biggest Cities in the World

Top 10 Best Paying Virtual Jobs

Most Expensive Leather Shoes in the World

Top 6 Things to Buy in March

The 10 Most Stressful Jobs in America – 2014 List

Top 10 Jobs for Introverted People

Top 10 Honeymoon Destinations in the World

Top 10 Highest Paying Jobs in the World

Most Expensive Day-Care in New York City

The 10 Cheapest Places to Retire Abroad

Top 10 Most Expensive Luxury Cars in the World – 2014

Killer Small Business Ideas

The 50 Best Personal Finance Blogs

Most Expensive Apartments in New York City

Bloodiest UFC Fights Ever Fought

Most Expensive Rum Brands 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!