Selz Capital’s Latest 13F Reveals New Position in Yahoo! Inc. (YHOO) & Bets on Industrials and Healthcare

Selz Capital LLC acquired 416,900 shares of Air Lease Corp (NYSE:AL) during the first quarter, giving it a total of 944,900 shares valued at $35.66 million. Air Lease Corp (NYSE:AL) is a small-cap company engaged in the purchasing and leasing of aircrafts to airlines, whose stock advanced by 13% since the beginning of the year. Last week, the company delivered one Boeing 737-800 NG aircraft to Belarus-based Belavia on a long-term lease. Other shareholders of Air Lease Corp (NYSE:AL) are John Osterweis’ Osterweis Capital Management and Dinakar Singh’s TPG-Axon Management.

Selz Capital also raised its exposure to biotech and raised its stake in Gilead Sciences, Inc. (NASDAQ:GILD) by 50% to 300,000 shares valued at $29.44 million. Even though Gilead Sciences, Inc. (NASDAQ:GILD)’s stock inched up only by 4% during the first quarter, being outrun by the majority of its smaller peers from the biotech industry, investors are bullish on the stock for its long-term prospects, considering it a safer bet amid a biotech bubble. Julian Robertson also holds a substantial position in Gilead Sciences, Inc. (NASDAQ:GILD) which contains 533,900 shares as of the end of 2014, the stake being the second-largest in Tiger Management’s equity portfolio.

Bernard Selz made an interesting move by taking a new position in Yahoo! Inc. (NASDAQ:YHOO) with 550,000 shares valued at $24.4 million, which represents 4.21% of his portfolio. The move comes as Yahoo’s stock lost 12% during the first three months of 2015. Though the stock is up by more than 180% over the last three years , the company’s core business is in trouble, with revenue declining in the last several years. Yahoo! Inc. (NASDAQ:YHOO) plans to spin-off its small business unit by the end of the year, together with its 15% stake in Alibaba, a move which was highly appreciated by investors who have been waiting for such a decision since the IPO of the Chinese e-commerce giant. Meanwhile, James Dinan’s York Capital Management, Christian Leone’s Luxor Capital Group and Daniel S. Och’s OZ Management initiated large positions in Yahoo! Inc. (NASDAQ:YHOO)  during the fourth quarter of 2014.

Disclosure: None