Yahoo! Inc, Springleaf Holdings Inc and More: Tricadia Capital’s Picks Outclassed Dumb Index Funds

The next two companies on our list represent the two largest holdings in Tricadia’s latest 13F filing, and the stocks performed very well during the first three months of 2015. In Springleaf Holdings Inc (NYSE:LEAF), the fund reported a $60.11 million stake that contains 1.66 million shares, while in Constellation Brands, Inc. (NYSE:STZ) it owns 585,070 shares, valued at $57.44 million. Springleaf Holdings Inc (NYSE:LEAF) is a $5.8 billion credit services company whose stock advanced by 43.1% in the first quarter as the company reported impressive financial results for the last year, with revenue jumping to $2.08 billion from $1.39 billion a year earlier and earnings leaping to $4.40 per share, from a loss of $0.19 in 2013. The largest shareholder of Springleaf Holdings Inc (NYSE:LEAF) is Michael Novogratz‘s Fortress Investment Group, which owns 73.44 million shares, with the $2.66 billion stake amasses 30% of its equity portfolio as of the end of 2014.

The stock of Constellation Brands, Inc. (NYSE:STZ) gained 18.38% during the January-March period, also amid significant revenue and earnings growth posted for the last year. Moreover, the company also declared a dividend of $0.31 per share that will be paid on May 22 and will be the first quarterly dividend payment made by the company since going public in 1973. Dan Loeb, David Shaw, and Christian Leone are a few other investors that reported long positions in Constellation Brands, Inc. (NYSE:STZ) in the previous round of 13F filings.

The stock of AMC Entertainment Holdings Inc (NYSE:AMC) also enjoyed a strong first quarter, advancing by 36.34% during the first three months of the year. In Tricadia’s equity portfolio, AMC Entertainment Holdings Inc (NYSE:AMC) represents another new position and contains 240,000 shares valued at $6.28 million as of the end of 2014. The stock of the $3.3 billion theater operator has received a ‘Buy’ rating from several analysts and currently has a consensus price target of $33.40. However, among the funds we track, the three largest shareholders have cut their positions in AMC Entertainment Holdings Inc (NYSE:AMC) significantly during the fourth quarter of 2014. Christian Leone’s Luxor Capital, Ken Griffin’s Citadel Investment Group, and Israel Englander’s Millennium Management cut their stakes in the company by 55%, 29%, and 55% respectively to 913,300, 394,500, and 309,900 shares respectively.

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