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.
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 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

Most Awesome Hip Hop Documentaries

Foods That Stain Your Teeth

Richest Doctors in the World

The Best Movie Sountracks Ever

The Highest Grossing Musicals on Broadway

The Most Successful Reality TV Stars

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!