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

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 10 Largest Pharmaceutical Companies In the World

The 10 Most Expensive Android Apps

The 9 Most Expensive Designer Bags in the World

The 7 Most Expensive Real Estate in the World

The 10 Most Expensive eBay Items Ever Sold

The 10 Most Expensive iPhone Apps

The 9 Most Expensive Designer Shoes in the World

The 10 Most Expensive Cigarette Brands

The 10 Most Expensive Law Schools in the US

The 10 Best Wall Street Movies

The 10 Most Expensive Golf Clubs Ever Sold

The 10 Most Expensive Golf Memberships

The 10 Best Disney Characters Ever Created

The 8 Best Foods for Gaining Weight

The 10 Most Expensive Colleges in the World

The 7 Most Memorable Ad Campaigns of All Time

The 7 Most Expensive High Schools in the World

The 10 Electric Vehicles with the Longest Range

The 10 Cities with the Worst Drivers in the World

The 10 Most Expensive Dresses Ever Created

10 Islands to Visit Before You Die

10 Famous Celebrities Who Needed Rehab

The 15 Countries with the Largest Oil Reserves

The 10 Most Overused Excuses in the World

The 5 Best iOS Apps You Can’t Get on Android

5 Companies Damaged By Social Media Blunders

The 10 Most Legendary Blues Songs

The 10 Most Lawless Places in the World

4 Reasons China is a Threat to the US

The 17 Most Sugary Drinks in the World

The 10 Most Ruthless Rulers in History

The 10 Greatest Generals in History

Top 8 Travel Destinations for 2015

The 10 Safest Dog Breeds for Children

The 10 Most Stolen Vehicles in the US

The 7 Most Expensive Celebrity Weddings

The 10 Best LoL Teams in the World

Top 10 Worst Marketing Campaigns Ever Produced

Top 5 Diets that Help You Lose Weight

The 10 Best Ways to Stay Awake

7 Artists That Switched Musical Genres

The 10 Most Expensive Cities to Live in New Jersey

The 10 Best High Schools in New York

The 10 Countries With the Least Gender Inequality

The 6 Biggest Musician-Manager Feuds

The 10 Countries with the Cheapest Gas Prices

The 7 Most Theatrical Bands of All Time

The 8 Worst Band Breakups of All Time

The 10 Most Important South American Leaders

The 7 Most Successful Casting Show Winners

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!