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)

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

Cheapest Cities to Visit in the US

Most Expensive Summer Camps

Most Expensive Animals in the World

Most Expensive Specialty Crops in the World

Movies That Took Ages to Make

The Longest Hollywood Films Ever Made

Most Expensive Concert Stages

The Richest Bands of all Time

10 Most Corrupt Countries 2013 List

10 Countries with the Highest Quality of Life Index

Most Expensive Mattresses in the World

5 Smallest Countries by Land Area

The Ultimate Heartbreak Songs

Richest Teenagers in the World

10 Most Haunted Places in America

10 Best Places to Retire in Florida East Coast

Top 10 Places to See Before You Die

Top 8 Countries in the World Where Justice Prevails

10 Richest States in America

15 Wealthiest Countries in the World

Richest Singers in the World

Most Expensive Tasting Menu in New York City

Most Expensive Baby Items in the World

Most Expensive Hotel Suites in Vegas

Most Expensive Brunch in New York City

Most Expensive Beef Cuts in the World

25 Best Colleges to Get a Job

Top 10 US Supermarkets

The 25 Most Dangerous Cities in the World to Visit

Most Expensive Xbox Games

Top 11 Cities Where Billionaires Live

Top 10 Most Charitable Companies in America

Most Expensive Seafood in the World

The 10 Wildest Conspiracy Theories

The 10 Best Job Markets in the US

Top 10 Accounting Scandals of All Time

The 25 Biggest Cities in the World

Top 10 Best Paying Virtual Jobs

Most Expensive Leather Shoes in the World

Top 6 Things to Buy in March

The 10 Most Stressful Jobs in America – 2014 List

Top 10 Jobs for Introverted People

Top 10 Honeymoon Destinations in the World

Top 10 Highest Paying Jobs in the World

Most Expensive Day-Care in New York City

The 10 Cheapest Places to Retire Abroad

Top 10 Most Expensive Luxury Cars in the World – 2014

Killer Small Business Ideas

The 50 Best Personal Finance Blogs

Most Expensive Apartments in New York City

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!