MDC Partners Inc (MDCA), Apple Inc. (AAPL): Leon Lowenstein’s Top Picks Post Double-Digit Growth in January-March Period

The stocks of the other two companies from Lowenstein’s equity portfolio had more modest returns during the first quarter, posting single-digit growth. Lowe’s Companies, Inc. (NYSE:LOW)‘s stock gained 8.50% during the first quarter, which Lionstone reported holding 255,700 shares of, valued at $17.59 million in the previous round of 13F filings. Last month, two analysts, Oppenheimer and Telsey Advisory Group boosted their price targets on Lowe’s Companies, Inc. (NYSE:LOW) to $85 and $82 per share, respectively, with ‘Outperform’ ratings. Edgar Wachenheim’s Greenhaven Associates and Ken Griffin‘s Citadel Investment Group are among the largest shareholders of Lowe’s Companies, Inc. (NYSE:LOW) among the funds that we track, with Greenhaven holding 11.25 million shares and Citadel boosting its stake by 72% during the fourth quarter to 3.75 million shares.

In Fidelity National Financial Inc (NYSE:FNF), Lionstone reported ownership of 492,200 shares, worth $16.96 million. The stock of the insurance company has had a strong run since October, and gained another 7.30% during the first three months of 2015. Fidelity National Financial Inc (NYSE:FNF) is one of the top three picks of activist Keith Meister of Corvex Capital, alongside 44 other investors that disclosed long positions as of the end of 2014. In addition, four billionaires among those that we track are also bullish on Fidelity National Financial Inc (NYSE:FNF), among which Larry Robbins and Daniel S. Och own the largest stakes. 

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