Latest Stock Picks from Highbridge Capital Management: Broadcom Corporation (BRCM), Transocean LTD (RIG), Eaton Corporation, PLC Ordinary Shares (ETN)

Ctrip.com International, Ltd. (ADR) (NASDAQ:CTRP) was the fund’s fourth largest new position. The China-based company serves the demand for travel in China by providing resources such as guided tours, hotel accommodations, and airline ticketing. CTRP is a favorite amongst analysts from firms like Goldman Sachs, Raymond James, and most recently, Brean Capital. These positive ratings could largely be in part due to earnings beat after earnings beat from Ctrip.com, including the most recent surprise of $0.10 at the end of January. The company has high hopes for Q1 as guided during its announcement, expecting 15%-20% revenue growth versus the same quarter last year. Billionaire Andreas Halvorsen of Viking Global owns about $38mm worth of CTRP (take a look at his top five stocks here).

Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) made its way into Highbridge’s top five new picks by taking up $50mm of the fund’s AUM. With a market cap of $111bn, PBR was far and away the largest company on our list to be added; it also gave the worst performance, losing 37% in the past twelve months. Wall Street has modeled much higher valuations for the stock than what it is currently trading at; on March 7th, Credit Suisse upgraded PBR to outperform and planted a $25 price target on its report, which could mean a near-50% gain from today’s levels. A recent increase in diesel prices is the fire fueling that growth. Ken Fisher of Fisher Asset Management reduced his position from Q3 2012 to Q4 but still carries a staggering 12.7mm shares (research his portfolio here).

Disclosure: I do not own shares of any stocks mentioned in this article.

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

The 10 Most Expensive Law Schools in the US

The 10 Best Wall Street Movies

The 10 Most Expensive Golf Clubs Ever Sold

The 10 Most Expensive Golf Memberships

The 10 Best Disney Characters Ever Created

The 8 Best Foods for Gaining Weight

The 10 Most Expensive Colleges in the World

The 7 Most Memorable Ad Campaigns of All Time

The 7 Most Expensive High Schools in the World

The 10 Electric Vehicles with the Longest Range

The 10 Cities with the Worst Drivers in the World

The 10 Most Expensive Dresses Ever Created

10 Islands to Visit Before You Die

10 Famous Celebrities Who Needed Rehab

The 15 Countries with the Largest Oil Reserves

The 10 Most Overused Excuses in the World

The 5 Best iOS Apps You Can’t Get on Android

5 Companies Damaged By Social Media Blunders

The 10 Most Legendary Blues Songs

The 10 Most Lawless Places in the World

4 Reasons China is a Threat to the US

The 17 Most Sugary Drinks in the World

The 10 Most Ruthless Rulers in History

The 10 Greatest Generals in History

Top 8 Travel Destinations for 2015

The 10 Safest Dog Breeds for Children

The 10 Most Stolen Vehicles in the US

The 7 Most Expensive Celebrity Weddings

The 10 Best LoL Teams in the World

Top 10 Worst Marketing Campaigns Ever Produced

Top 5 Diets that Help You Lose Weight

The 10 Best Ways to Stay Awake

7 Artists That Switched Musical Genres

The 10 Most Expensive Cities to Live in New Jersey

The 10 Best High Schools in New York

The 10 Countries With the Least Gender Inequality

The 6 Biggest Musician-Manager Feuds

The 10 Countries with the Cheapest Gas Prices

The 7 Most Theatrical Bands of All Time

The 8 Worst Band Breakups of All Time

The 10 Most Important South American Leaders

The 7 Most Successful Casting Show Winners

The 10 Most Peaceful Countries in the World

5 Big Reasons Communism Failed

The 15 Most Famous Carl Icahn Quotes

10 Scary Animals that are Actually Harmless

The 8 Most Famous Singer-Actors in Entertainment

The 10 Longest Wars of All Time

The 13 Worst Looking Foods that Taste Great

The 6 Most Gruesome Injuries Suffered During a Sports Match

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!