Select Equity Group Raises Stake in Walter Investment Management (WAC)

Conforming to a new filing with the SEC, Robert Joseph Caruso’s fund, Select Equity Group, has increased its stake in the Walter Investment Management (NYSE:WAC) to 11.8% from 8.6 % registered only a few days ago. Hence, the 3.o percentage points expanded the fund’s interest to a total of almost 4.4 million shares.

Walter Investment Management Corp (NYSE:WAC)

Apparently, the profit of more than $250 millions stated in the annual financial report for 2013, compared to more than $22 million losses registered the previous year and the overvalue of $38 per share standing much higher than the current price, proves Walter Investment Management Corp (NYSE:WAC)’s recovery, along with the well-going business in the mortgage and loans field.

Another confirmation of the fact above mentioned is held by the recent raise of Steven Cohen’s fund, SAC Capital Advisors’ stake in the thriving mortgage corporation up to nearly 1.9 million shares, from a bit less than 1.2 million held before, collecting 5.0% of the Walter Investment Management Corp (NYSE:WAC)’s common stock.

Other hedge funds possessing a strong position in the Walter Investment Management Corp (NYSE:WAC) are Birch Run Capital, managed my by Daniel Beltzman and Gergory Smith with 2.8 million shares, and Brian Taylor‘s Pine River Capital Management, carrying 2.4 million shares.

Select Equity Group is a long-only and long/short fund, which in the latest round of 13F filings, the fund disclosed a diversified equity portfolio worth over $9.6 billion. The largest holding of Select Equity, represents a $$417.7 million stake in O’Reilly Automotive Inc (NASDAQ:ORLY), which amasses over 3.2 million shares. It is followed by DENTSPLY International Inc. (NASDAQ:XRAY), in which the fund owns around 7.8 million shares, worth $$376.9 million.

Disclosure: none

Recommended Reading:

Mark Stupfel’s Cortex Capital Management Is Bullish On These Stocks

Billionaire John Paulson and Jacob Gottlieb Boost Their Stakes in Enzymotec Ltd (ENZY)

Elliott Management Wagers on Boyd Gaming Corp. (BYD)

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.
Click here to Read Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 74 percentage points in 2.5 years. Our beta is only 1.2 (download a FREE newsletter and see the details inside)

Lists

Best Selling Magazines in the World

Shortest People in History

The Most Celebrated Holidays in the World

Most Expensive Handbag Brands in the World

Top Selling Comic Book Issues of this Century

The Most Powerful Women in Politics

Best Paid DJs

Most Rebellious Female Artists

Best Paid TV Actresses of 2014

Best Paid Actors of 2014

Most Expensive Horses in the World

Tallest People Ever

Most Encouraging Feminist Celebrities

Best Paid Supermodels of 2014

Top 10 Suburbs for Retirement in 2015

10 Wealthiest Cities in America

Top 10 TED Talks for Entrepreneurs

Best TED Talks on Education

25 Most Dangerous Places to Live in America

Top 10 Ski Resorts in the United States – 2014 List

Top 10 Most Remote Places in the World

Most Visited Museums in the United States

Wealthiest Photographers in the World

Most Famous Gay Athletes

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

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!