See Where Billionaire Michael Dell Invests His Money

MSD Capital, run by Glenn Fuhrman and John Phelan, has been formed to manage Michael Dell’s wealth. Since the fund doesn’t have to worry about redemptions or short-term results, its investment portfolio is focused on long-term capital appreciation. MSD Capital isn’t a small firm either. MSD Capital invests in a variety of securities, including private investments, real estate, and placing capital with other fund managers. Its equity portfolio in publicly traded US securities was nearly $600 million at the end of December. The latest 13F filing also shows that the fund has reduced five of its six holdings.

Michael Dell

Based on the value, the largest investment of the fund is in DineEquity Inc (NYSE:DIN). The fund holds almost 33.58% of its equity portfolio in this company, through the ownership of 2.35 million shares, worth $196.54 million. DineEquity operates two restaurant concepts: Applebee’s Neighbourhood Grill and Bar and International House of Pancakes (IHOP). The company operates 3,600 restaurants under both brands through its subsidiaries or franchises in 19 countries. It has been upgraded to ‘Buy’ by many analysts.

The second position is taken by Asbury Automotive Group, Inc. (NYSE:ABG), MSD owning 2.58 million shares, worth $138.57 million. During the fourth quarter, the holding has been reduced by approximately 200,000 shares. The company reported revenues of $5.3 billion for the full fiscal 2013, up by 15% over the previous year. The EPS of $3.53 were also up by 34% over the previous year.

The third spot goes to PVH Corp (NYSE:PVH). MSD Capital owns approximately 765,000 shares in the company, worth $104.15 million, down by approximately 30,000 shares over the quarter. PVH Corp announced a quarterly dividend of $0.0375 per share, representing a dividend yield of 0.12%.

The fund also revealed that it holds 1.31 shares of Delphi Automotive PLC (NYSE:DLPH), worth $79.03 million as per the latest 13F filing. The position has been reduced by around 235,500 shares during the fourth quarter.

WEX Inc (NYSE:WEX) is the fifth largest holding of the hedge fund, in which MSD Capital currently owns approximately 573,000 shares, with an aggregate value of $56.81 million. The fund has reduced its holding in the company by 220,000 shares in the fourth quarter. The company declared its fourth quarter and full 2013 results ten days back. Revenues for the fourth quarter rose to $182.3 million from $169 million for the same period last year, while for the full fiscal year, the revenue went up by an annual 15% to $717.5 million.

The fund also owns 760,000 shares of Sunstone Hotel Investors Inc (NYSE:SHO), worth $10.19 million, down by 341,000 shares in the last quarter.

Disclosure: None

Recommended Reading:

Warren Buffett’s Stock Moves: Wells Fargo & Co (WFC) Remains Top Holding; DISH Network Corp (DISH) & GlaxoSmithKline plc (ADR) (GSK) Eliminated

Tiger Global Management’s Top Q4 Picks and Pans: Priceline (PCLN) and Twenty-First Century Fox (FOXA) Among the Favorites

Activist Alex Denner’s Sarissa Capital Bets on Ariad Pharmaceuticals Inc (ARIA), Quest Diagnostics Inc (DGX) & Others

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 Most Expensive States to Own a Car In

Top 10 Business Schools in US: 2014 Rankings

Top 20 Female Billionaires in 2014

6 Movies That You Should Watch to Better Understand The Cold War

Top 15 Best Paying Jobs for Women in 2014

Top 6 Things Rich People Do Differently Every Day

5 Retirement Mistakes To Avoid (and Einstein’s Famous Quote)

11 Smartest People in the World

6 Films About the Financial World You Need To Watch (While “The Wolf” is Not Around)

Warren Buffett and Billionaires Are Crazy About These 7 Stocks

The Top 10 States With Fastest Internet Speeds

10 Best Places to Visit in USA in August

Top 10 Cities to Visit Before You Die

Top 10 Genetically Modified Food In the US

15 Highest Grossing Movies Opening Weekend

5 Best Poker Books For Beginners

10 Strategies Hedge Funds Use to Make Huge Returns

Top 10 Fast Food Franchises to Buy

10 Best Places to Visit in Canada

Best Summer Jobs for Teachers

10 Youngest Hedge Fund Billionaires

Top 10 One Hit Wonders of the 90s

Fastest Growing Cities In America

Top 10 U.S. Cities for Freelancers

Top 9 Most Popular Free iPhone Apps

Top 10 Least Expensive Private Business Schools in the US

Top 15 Most Expensive Countries in the World – 2014

Top 6 Tax Scams and How to Protect Yourself

Top Businesses to Invest In

Top 5 Things You Might Be Doing Wrong With Your Business

Top 5 Strategic Technology Trends in 2014

Top Rags to Riches Stories

Parenting Behavior That Promotes Future Leaders

Top 5 Mistakes Made by Small Businesses

Top 5 Most Common and Potentially Devastating Financial Blunders

Top 5 Highest Paying Jobs for Web Designers

Top 6 Most Respected Professions that Also Pay Well

Top 5 Pitfalls Investors Should Avoid

Top 6 Lawyers and Policy Makers Under 30

Top 6 New Year’s Resolutions for Entrepreneurs

Top 7 Locations to Check in on Facebook

Top 5 Mistakes made by Rookie eBay Sellers

Top 7 eBook Publishers in 2013

Top 6 Health Industry Trends in 2014

5 Lessons for Entrepreneurs from Seth Godin

Top 5 Success Tips from Jordan Belfort – the Wolf of Wall Street

Best Master’s in Finance Degree Programs

Top 6 Earning Celebrities Over 50

The most expensive sports to play

Top 7 Earning Celebrities Under 25

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!