Manikay Partners Top Picks: Bank of America Corp (BAC), American International Group Inc. (AIG) & More

In the current round of 13F filings, hedge funds and other institutional investors are disclosing their equity portfolios as held at the end of the last year. In its latest 13F, Manikay Partners, managed by Shane Finemore, disclosed its holdings as held at the end of the fourth quarter of 2013.

Bank of America Corp (NYSE:BAC)

The total value of the portfolio amounted to $1.04 billion, compared to $1.06 billion disclosed at the end of the third quarter. In this article, we will talk about the top five holdings of the fund in terms of value.

The first on the list is Bank of America Corp. (NYSE:BAC), in which the fund disclosed a $93.42 million stake, which amasses 6.0 million shares. Last week, Bank of America Corp. (NYSE:BAC) announced that it extended $10.9 billion in new loans to small businesses in 2013, a 26% increase over 2012.

The second-largest holding in Manikay Partners’ equity portfolio is represented by American International Group Inc. (NYSE:AIG), in which the fund owns 1.71 million shares, worth around $87.50 million.

In Citigroup Inc (NYSE:C), the fund disclosed ownership of 1.65 million shares, with a reported value of about $85.98 million. Citigroup Inc. (NYSE:C) reported net income for the fourth quarter 2013 of $2.7 billion, or $0.85 per share, on revenues of $17.8 billion.

The next on the list is Constellation Brands, Inc. (NYSE:STZ), in which the fund disclosed an $80.94 million stake, which amasses 1.15 million shares. At the end of third quarter of 2013, the fund owned 1.30 million shares of the company.

The fifth-largest holding is Health Management Associates Inc (NYSE:HMA), a new position in which the fund disclosed ownership of 5.41 million shares, worth around $70.81 million. On Jan. 22, Community Health Systems (NYSE:CYH) and Health Management Associates Inc (NYSE:HMA) announced that they have reached an agreement with the Federal Trade Commission (FTC) for the merger of the companies. The deal is expected to be completed by the end of January 2014.

Disclosure: none

Recommended Reading:

Hedge Fund News: Whitney Tilson, Daniel Loeb & Ray Dalio

Deerfield Management Further Raises Its Position in Auspex Pharmaceuticals Inc (ASPX)

Iroquois Capital Edges up Stake in National Holdings Corporation (NHLD)

Biotech Insider Alert - $6 Stock To Hit $40

$200 Million Dollar Healthcare Hedge Fund's #1 Best Idea Right Now

The best healthcare hedge fund out there right now is one of the largest shareholders in this biotech stock. The fund returned more than 20% in each of the last 2 years with a virtually fully hedged portfolio, and it's sending out a BUY signal on this biotech stock. Get your FREE REPORT today (retail value of $300)

This is a FREE report from Insider Monkey. Credit Card is NOT required.
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 Greatest Directors in the World

Largest Animals in the World

World’s Most Expensive Desserts

Best Selling Comic Books of All Time

A-list Actors who Sabotaged Their Career

Rappers With a College Degree

The Best Jazz Albums of all Time

The Most Influential Jazz Musicians

The World’s Most Famous Photographers

The Best Oscar-Winning Songs

Most Influential Choreographers Ever

Most Expensive Department Stores in the World

The Most Expensive Stolen Paintings in the World

The World’s Most Expensive Teas

Top Oscar Record Holders

The Most Expensive Flowers in the World

Countries With a Booming Film Industry

Most Expensive Cupcakes in the World

Uncommon European Escapes

The Most Stolen Artists in History

Best Travel Destinations in Australia

World’s Most Expensive Musical Instruments

World’s Most Famous Animals

Most Expensive Cakes in the World

Most Expensive Kosher Champagne in the World

Most Expensive Kosher Wine in the World

The Most Surprisingly Dark Fairy Tales

Most Popular Travel Destinations in Asia

The 10 Most Expensive Dresses Ever Worn to the Oscars

World’s Most Visited Art Museums

Best Countries for Photographers to Work in

Best Paid Jobs in the Film Industry

The Most Renowned Recovered Paintings Ever

Child Stars That Turned out Just Fine

Books That Were Banned in the Past Century

World’s Richest Dancers

Best Remedies against Bad Breath

Foods That Improve Your Skin Texture

Best-Selling Children’s Books of all Time

Foods That Boost Your Libido

Best-Selling Books of all Time

The Most Expensive Academy Awards Jewelry in History

Most Expensive Japanese Restaurant In New York City

The Best B-Boy Movies

Most Awesome Hip Hop Documentaries

Foods That Stain Your Teeth

Richest Doctors in the World

The Best Movie Sountracks Ever

The Highest Grossing Musicals on Broadway

The Most Successful Reality TV Stars

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 129% in 2.5 years!! Wondering How?

Download a complete edition of our newsletter for free!