After a 32% reduction in its stake over the quarter, NorthStar Asset Management Group Inc (NYSE:NSAM) occupied the second spot in Silver Capital’s portfolio with some 52,700 shares valued at $1.23 million. The $4.25 billion REIT represents Silver Capital’s largest bet in the finance sector, which in aggregate amassed 20% of the fund’s equity holdings, the largest contribution among sectors. NorthStar Asset Management Group Inc (NYSE:NSAM) sports a dividend yield of 1.86%, as compared to the industry average of 2.29%. Among the billionaires that we track, six disclosed long positions in the company at the end of the fourth quarter. Among them was Ken Griffin, whose fund Citadel Investment Group held about 5.35 million shares of NorthStar Asset Management Group Inc (NYSE:NSAM).
Another one of Silver Capital’s holdings in the financial sector is its newly initiated stock in Webster Financial Corporation (NYSE:WBS) with some 30,100 shares valued at $1.12 million. Despite missing estimates for its first quarter financial results, the stock of the $3.26 billion full service commercial bank has appreciated by 8.76% year to date. Webster Financial Corporation (NYSE:WBS)’s EPS for the stood at $0.52, which was $0.02 lower than anticipated and revenues of $159.8 million were $3.05 million lighter than expected. Ken Fisher’s Fisher Asset Management and Richard S. Pzena’s Pzena Investment Management hold Webster Financial Corporation (NYSE:WBS) in their portfolios.
Silver significantly increased his fund’s exposure to Liberty Global plc – Class A Ordinary Shares (NASDAQ:LBTYA) by adding 10,000 shares during the first quarter. The current stake amounts to 18,500 shares valued at $952,000. The international cable company’s trailing twelve month gross margin is 62.68% as compared to the industry’s average of 57.38%. Liberty Global plc – Class A Ordinary Shares (NASDAQ:LBTYA) is expanding its operations in Europe and recently made an acquisition of Royal KPN’s mobile-phone business, Base, through its Belgian subsidiary, Telenet, to the tune of $1.43 billion. Boykin Curry‘s Eagle Capital Management is the largest shareholder of Liberty Global plc – Class A Ordinary Shares (NASDAQ:LBTYA), according to our database.
After a 27% reduction in its stake in E*TRADE Financial Corp (NASDAQ:ETFC), Silver Capital now holds 30,700 shares valued at $877,000 of the financial services company. John Griffin’s Blue Ridge Capital and Leon Cooperman’s Omega Advisors are two other prominent stockholders of E*TRADE Financial Corp (NASDAQ:ETFC). In a bid to increase the accessibility of its customers to the equity markets, the company recently launched an Apple Watch app, which facilitates tracking by providing snapshots of market indices along with other easy-to-glance features.
Disclosure: None
