Microsoft Corporation (MSFT), Hess Corp. (HES), Colony Financial Inc (CLNY): Tim Mullen’s Swift Run’s Picks and Pans

Tim Mullen’s Swift Run Capital Management recently disclosed with the SEC its long equity positions as of the end of the second quarter of 2014. This fund holds an equity portfolio valued at more than $228 million. It focuses on financial stocks, which comprise almost 45% of its total portfolio, and, to a lesser extent, on basic materials (30%).

Over the second quarter of 2014, Swift Run started two new equity positions - MeadWestvaco Corp. (NYSE:MWV) and Starz (NASDAQ:STRZA), increased its stakes in another 25, and sold out of only one - Newcastle Investment Corp. (NYSE:NCT). Let’s take a look at some of the fund’s most interesting picks for the quarter.

Microsoft Corporation (NASDAQ:MSFT)

Swift Run’s largest stake continues to be in Hess Corp. (NYSE:HES), a $31.4 billion market cap global integrated energy company of which the fund owns 288,837 shares, following a 4% increase in its stake over the quarter. This position is valued at roughly $28.5 million, more than double what it was worth by the end of the previous quarter. The fund’s position in Hess Corp. (NYSE:HES) accounts for approximately 12.5% of the total value of its equity portfolio.

Another major hedge fund manager betting on Hess Corp. (NYSE:HES) is Paul Singer, of Elliott Management, who last reported holding 17.3 million shares, up by 2% on the quarter.

Swift Run’s second largest position also remained unchanged in rank. After adding 51,871 shares (up by 7%) to its holding, the fund owns 718,007 shares of Colony Financial Inc (NYSE:CLNY), worth more than $16.6 million. This $2.11 billion market cap real estate investment and finance company has been feeling the bullishness of other major hedge funds, including Emanuel J. Friedman’s EJF Capital, which started a position in Colony Financial Inc (NYSE:CLNY), with more than 8.7 million shares, during first quarter of 2014. John Brennan’s Sirios Capital Management also initiated a stake of 3.4 million shares of Colony Financial Inc (NYSE:CLNY) during the first three months of the year.

On the opposite sidewalk, we can find Microsoft Corporation (NASDAQ:MSFT). Swift Run decreased its stake in the tech giant by 11% during the second quarter, and now owns less than $1 million in stock, equal to 19,240 shares of Microsoft Corporation (NASDAQ:MSFT).

Another fund cutting its exposure to the company is John Croghan and Richard Fradin’s Rail-Splitter Capital Management, which sold out its 165,200 shares of Microsoft Corporation (NASDAQ:MSFT) over the second quarter of 2014.

Regarding Newcastle Investment Corp. (NYSE:NCT), the fund had already trimmed its stake by 96% over the first quarter of the year, and finished selling all of its remaining 80,704 shares over the second quarter. Ben Levine’s LMR Partners also closed out its position in Newcastle Investment Corp. (NYSE:NCT) over the second quarter of 2014, after disposing of 310,612 shares of the company.

Disclosure: Javier Hasse holds no position in any stocks or funds mentioned

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

The 10 Countries with the Highest Suicide Rates

The 10 Most Technologically Advanced Countries in the World

The 10 Safest Countries in the World to Live in Peace

The 10 Top Selling Smartphones in the World 2014

The 12 Biggest Shopping Centers in the World

The 10 Friendliest Countries in the World

Qihoo 360 Technology Co Ltd (QIHU), Actavis plc (ACT), Yahoo! Inc. (YHOO) Among 20 Long Ideas from Sohn Canada

The 10 Laziest Countries in the World

The 10 Most Polluted Countries in the World

The 10 Most Dangerous Cities in America 2014

The Top 10 Gold Producing Countries in the World

The 10 Tallest Buildings in the World

The 10 Richest Stand Up Comedians in the World

The 10 Fattest Countries in the World

The 5 Best Summer Jobs for Teens

The 10 Most Religious Countries in the World Keeping the Faith

The 10 Most Educated Countries in the World

The 10 Most Popular Cell Phones in the World

The 10 Drunkest Countries in the World

The 10 Most Expensive Private Schools in the World

The 10 Smallest Countries in the World

Walking Dead Season 5 Spoilers You’ll Wish You Didn’t Know

The 10 Poorest Countries in the World

The 10 Greenest Countries in the World

The Top 10 Countries with the Highest Population in the World

The 10 Most Visited Countries in the World

The Top 10 Star Wars Characters in the Iconic Series

The 10 Most Expensive Android Phones in the World

5 Reasons Why The Illuminati Is Real and a Threat to Society

The 6 Scariest Halloween Costumes Ever Screamed At

The 4 Biggest Hedge Fund Managers in the World Today

The 15 Most Densely Populated Countries in the World

The 10 Biggest Tea Drinking Countries in the World

Top 6 Ways to Improve Your Checkout Process and Close Sales

The 5 Most Profitable Online Businesses You Can Start Today

The 20 Most Profitable Hospitals in the US

The 5 Most Profitable Home Businesses to Start

The 7 Teams that Will Win the Stanley Cup in 2015

The Top 10 Most Expensive Digital Cameras to Snap Stunning Shots With

The 10 Highest Quality Fast Food Restaurants In America Today

The 8 Best Halloween Decorating Ideas to Spook Up Your House

10 Marvel Women that Should Get a Movie Right Now

The 20 Best Remixes of Popular Songs that Will Make You Forget the Originals

7 Most Expensive Cities in the World

5 Least Expensive Cities in the World

10 Celebrities Who Believe In Scientology

10 High Margin Food Products to Build a Business Around

The 10 Most Expensive Clothing Stores in the United States to Get Decked Out At

The 5 Biggest Kickstarter Scams That Swindled Backers’ Donations

The 10 Most Expensive Boarding Schools In the World

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!