Keith Meisler Raising Signet Jewelers Ltd. (SIG) Holding, And His Other Top Picks

Signet Jewelers Ltd. (NYSE:SIG) represents Corvex’s second-largest holding. Alan Fournier’s Pennant Capital Management is another significant shareholder of Signet with 2.27 million shares, as of the end of 2014. The parent company of Kay Jewelers and Jared the Galleria of Jewelry benefited from the $1.4 billion acquisition of Zale Corporation last year as it improved its bridal jewelry portfolio and also helped Signet Jewelers Ltd. (NYSE:SIG) build on its digital ecosystem thus increasing customer engagement and sales. Synergies from this acquisition are expected to contribute between $150 million and $175 million in operating profit during the next three years.

Corvex holds 20.24 million shares of Fidelity National Financial Inc (NYSE:FNF) valued at $697.3 million,  according to its latest 13F filing. The stock is advanced by 31% over the last year. Fidelity National Financial Inc (NYSE:FNF) is a  provider of title insurance, technology and transaction services to the real estate and mortgage industries. The company had a 12.5% profit margin in 2014, as compared to its peers’ average of 8.0%. Larry Robbins’ Glenview Capital is also bullish on the stock and increased its stake in the company by 19% during the fourth quarter to 11.16 million shares.

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