Maryland-based hedge fund
, Lane Five Capital
is managed by Lisa O’Dell Rapuano
, a former employee of Matador Capital Management and Bill Miller’s Legg Mason Capital Management. Lane Five Capital employs a long-term investing style with a value slant. This is one of the most widely used hedge fund strategies
in existence today; we’d recommend taking a look at the entire batch.
Let’s take a look at the top five stock picks of Lane Five. In first is Markel Corporation (NYSE:MKL)
, in which the hedge fund owns 16,570 shares, worth $8.3 million, an unchanged position over the quarter. The stock of Markel Corporation (NYSE:MKL
almost 23% since the beginning of the year and sports a P/E of 18.0x.
In Monotype Imaging Holdings Inc. (NASDAQ:TYPE),
Lane Five disclosed ownership of 350,701 shares, worth $8.3 million. During the first three months of 2013, the hedge fund reduced its stake in Monotype Imaging Holdings Inc. (NASDAQ:TYPE
16,947 shares. Aside from Lane Five Capital, eight other hedge funds held shares of Monotype Imaging Holdings Inc. (NASDAQ:TYPE
) at the end of 2012.
Next on the list is a $5.7 million stake in American International Group Inc (NYSE:AIG),
which involves 146,550 shares, an unchanged position since the end of 2012. The stock of American International Group Inc (NYSE:AIG
) has a year-to-date return of over 31% and trails a forward P/E of above 11.
The fourth-largest stake in Lane Five’s equity portfolio is Intralinks Holdings Inc (NYSE:IL),
in which Lisa Rapuano’s hedge fund disclosed ownership of 880,550 shares, the value of the stake amounting to $5.6 million. As of the end of December, the hedge fund reported 671,191 shares in Intralinks Holdings Inc (NYSE:IL
), worth $4.1 million. Overall, during the first three months of 2013, 19 of the hedge funds we track held shares of Intralinks Holdings Inc (NYSE:IL
We should also mention 76,996 shares owned by Lane Five Capital in SBA Communications Corporation (NASDAQ:SBAC)
. The value of the stake amounts to $5.5 million. The stock of SBA Communications Corporation (NASDAQ:SBAC
) has a year-to-date return of above 7%.
In total, Lane Five’s equity portfolio has a value of $94.4 million and comprises stakes in 29 companies predominantly throughout the Financial and Services sectors. In addition to Lane Five Capital, we’d also recommend taking a look at the top picks of Brookside Capital, Glenn Greenberg’s Brave Warrior Capital, and those of billionaire Julian Robertson.