Matthew Mark’s Jet Capital Investors has filed its 13F for the second quarter, revealing a total of 43 equity holdings. The equity portfolio is worth $2.2 billion and seems to be fairly diversified across sectors. The largest chunks, however, are in telecoms and finance, which together make up around 47% of the total portfolio. Also important, the investor has more than doubled its bet on a fall in small-cap index Russell 2000. Its short position in the index is the largest of the equity portfolio. Moving on to individual stocks, the top three picks for the quarter are Liberty Interactive Corp (NASDAQ:LINTA), NextEra Energy Inc (NYSE:NEE) and Black Hills Corp (NYSE:BKH).
Jet Capital has bought additional 508,462 shares in the online retailer Liberty Interactive Corp (NASDAQ:LINTA), taking its stake to 2.8 million shares. The holding has a value of $207 million and makes 9.35% of the investor’s equity portfolio.
Other investors in Liberty Interactive Corp (NASDAQ:LINTA) include Bob Peck and Andy Raab‘s FPR Partners with 5 million shares worth $375 million and Ken Griffin‘s Citadel Investment Group with 2.8 million shares worth $213 million.
On the second place in Mark’s portfolio there is electric power provider NextEra Energy Inc (NYSE:NEE), where the investor has increased its stake by 377%, adding 1.5 million shares. Jet Capital currently owns 1.9 million shares that have are valued at approximately $194 million. On August 2, the company’s Vice Chairman and Chief Financial Officer, Moray Dewhurst sold 10,000 shares at a price of $95.47 per share.
Daniel S. Och‘s OZ Management has increased its NextEra Energy Inc (NYSE:NEE) stake as well, by 43%, to 4.3 million shares. Och’s stake has a value of $442 million and is the largest shareholder from the investors tracked by insidermonkey.com.
The third largest individual stock investment is another energy company, Black Hills Corp (NYSE:BKH). Mark has added in the second quarter 486,031 shares, increasing its stake to 1.7 million shares. The holding is worth $106 million and makes 4.78% of the equity portfolio.
Mario Gabelli is bullish on the stock as well. His fund GAMCO Investors holds 627,240 shares that have a value of $38 million. In addition to Gabelli, there is Louis Bacon‘s Moore Global Investments who has decreased its stake in Black Hills Corp (NYSE:BKH) by 20%, but nevertheless remains one of the largest shareholders with 212,610 shares worth $13 million.