The third healthcare company in which Ratan owns a long position is Endo International plc (NASDAQ:ENDP). During the last three months of 2014, Chopra surged her position in the company by over 200% to 822,000 shares valued at $59.28 million, which is the fourth-largest stake in terms of value. Endo International plc (NASDAQ:ENDP) also made a bid to acquire Salix Pharmaceuticals, earlier this year, but it was trumped after Valeant increased its own offer. Nevertheless, the stock of the $16.6 billion pharmaceutical company rallied during the first quarter, jumping by 24.4%. Aside from Chopra, several billionaire investors disclosed larger positions in Endo International plc (NASDAQ:ENDP) in the previous round of 13F filings, including Larry Robbins, John Griffin, and George Soros, among others.
On the third spot in Ratan’s equity portfolio is its position in Charter Communications, Inc. (NASDAQ:CHTR), which contains 472,700 shares valued at $78.76 million. The stock of the $21 billion cable services provider advanced by 15.9% in the first three months of 2015 and can grow even further assuming that its plans to acquire Bright House Networks for $10.4 billion are realized. Last year, Charter Communications, Inc. (NASDAQ:CHTR) tried to acquire its rival Time Warner Cable Inc (NYSE:TWC), but failed after the latter accepted a bid from Comcast Corporation (NASDAQ:CMCSA). The success of the Bright House Networks acquisition depends on the approval of the merger of Comcast and Time Warner Cable by the Federal Communications Commission and analysts suggest that there is room for a further consolidation of the cable industry, which Charter could take advantage of. Meanwhile, Charter Communications, Inc. (NASDAQ:CHTR) enjoys a strong bullish sentiment from investors with 72 funds among those we track disclosing long positions, including Warren Buffett‘s Berkshire Hathaway and Stephen Mandel’s Lone Pine Capital.
The last company in Ratan’s 13F is Hilltop Holdings Inc. (NYSE:HTH), in which the fund disclosed an $11.91 million stake that contains 596,900 shares. Hilltop Holdings Inc. (NYSE:HTH) is the smallest company in the fund’s equity portfolio with a market cap of $2.0 billion and it is also the only loser in terms of stock returns for the first quarter. The stock of the banking company declined by 2.6% during the first three months of the year, amid the company posting earnings per share of $1.17, versus the estimates of $1.28. Among the funds that we track, the largest shareholder of Hilltop Holdings Inc. (NYSE:HTH) is Chuck Royce‘s Royce & Associates, which owns 728,100 shares as of the end of 2014.
Disclosure: None
