John C. Walker is the manager of Stonerise Capital Management. At Insider Monkey, our research shows that watching hedge fund sentiment can help average investors beat the market by about 18 percentage points per year over a long-term period. In this way, let’s take a look at the most recent 13F filing of the Stonerise Capital Management in which the hedge fund disclosed all of its equities as of the end of the second quarter of the year.
From the filing we have picked the companies in which Stonerise Capital holds the most significant stakes. As follows in first place is Outerwall Inc (NASDAQ:OUTR), represented in Stonerise’s equity portfolio by a $30.2 million stake, which contains 514,300 shares, an unchanged amount compared with the first quarter. Since the beginning of the year, the stock of Outerwall Inc (NASDAQ:OUTR) has increased by almost 21.7% and it trades at a forward P/E of about 10.8 and a PEG ratio of 0.8x.
After Outerwall, the next position is filled by Equinix Inc (NASDAQ:EQIX), in which the hedge fund holds 155,000 shares, up by 26,500 shares since the end of the first quarter. The value of the stake is worth $28.6 million. With a year-to-date return of below 18.7%, the stock of IT services company Equinix Inc (NASDAQ:EQIX) sports a forward P/E of 41x and a PEG of slightly above 5.8. Aside from Stonerise Capital, we should mention some other notable names from the hedge fund universe long Equinix Inc (NASDAQ:EQIX), such as Lone Pine Capital‘s manager Stephen Mandel and Philippe Laffont, the manager of Coatue Management among others.
At the same time, there are a couple of other companies, in which Stonerise Capital Management holds important stakes. As follows in Iron Mountain Incorporated (NYSE:IRM) and Liberty Interactive (Interactive group) (NASDAQ:LINTA), the hedge fund disclosed ownership of 925,000 shares and one million shares respectively, the former position increasing by 75,000 shares over the quarter, and the latter representing a new position in the John C. Walker’s hedge fund equity portfolio. And the fifth-largest stake held by the hedge fund involves one million shares of Moneygram International Inc (NYSE:MGI), the position remaining unchanged compared with the first quarter, and the value of the stake amounting to almost $22.7 million.
In total, the equity portfolio disclosed by Stonerise Capital Management in the latest round of 13F filings with the Securities and Exchange Commission contains 13 positions, up by one position over the quarter. The value of the portfolio slightly fell since the end of March and now totals about $211.2 million. Insider Monkey will keep you updated regarding the latest moves made by John C. Walker and Stonerise Capital Management.