Nationstar Mortgage Holdings Inc (NSM), Springleaf Holdings Inc (LEAF): Novogratz’s Investment Ideas at the Delivering Alpha Conference and a Few His Picks

A few hours ago, Michael Novogratz of Fortress Investment Group spoke at the Delivering Alpha Conference´s panel on “Best Ideas,” along with Omega Advisors’ Leon Cooperman and Glenview Capital Management’s Larry Robbins. He started by talking about Japan, its long years of stagflation, and the Abenomics trade as an attractive investment option within this “world of secular stagnation” (Novogratz; Delivering Alpha Conference). He continued by recommending other countries to invest in: India, Brazil and Argentina.

Brazil has got so bad, it’s good, he stated. Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) and Eletrobras will go up if Dilma Rousseff loses the presidential election this year. In Argentina, go long on stocks (especially bonds) and on the currency – there’s a 75% chance something gets done with holdouts within the next 2 weeks. In India, going long on the stock market might prove to be an easy bet.

top hedge funds

As hedge fun managers continue to pitch stock ideas, let’s take a look at some of Novogratz’s picks:

Mr. Novogratz’s largest stake is placed at Nationstar Mortgage Holdings Inc (NYSE:NSM), a $3 billion market cap non-bank residential mortgage servicer. Fortress Investment Group last disclosed ownership of 67.76 million shares of Nationstar Mortgage Holdings Inc (NYSE:NSM), worth about $2.2 billion, which account for more than 1/3 of its total equity portfolio’s value. The fund is, by far, the largest hedge fund shareholder at the company, trailed by Kyle Bass’ Hayman Advisors, which holds 4.83 million shares of Nationstar Mortgage Holdings Inc (NYSE:NSM).

Second in line, accounting for 28% of the fund’s equity portfolio, is a $1.8 billion position at Springleaf Holdings Inc (NYSE:LEAF), a $3 billion market cap consumer finance company that provides loan products to customers through its nationwide branch network and through iLoan, its internet lending division. Novogratz’s 73.43 million shares make him, once again, the largest hedge fund investor at Springleaf Holdings Inc (NYSE:LEAF).

The fund is followed by Paul Ruddock And Steve Heinz’s Lansdowne Partners, which owns 919,679 shares of Springleaf Holdings Inc (NYSE:LEAF), up 25% over the last reported quarter.

The third largest bet is placed on Brookdale Senior Living, Inc. (NYSE:BKD), a $4.36 billion market cap operator of senior living communities. The fund’s 17.59 million shares, worth more than half a billion dollars, account for 9% of its total equity portfolio.

Other funds that seem bullish about Brookdale Senior Living, Inc. (NYSE:BKD) are Jacob Gottlieb’s Visium Asset Management, which owns 5.66 million shares, up 41% over Q1, and Doug Silverman And Alexander Klabin’s Senator Investment Group, with a 5.35 million shares position started over Q1.

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

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 World’s Most Famous Circuses

Best Hair Stylists

Most Popular NASCAR Drivers

The Best Romance Movies of all Time

The Most Wanted Drug Lords

The Oldest Money Managers

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

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!