Tricadia Capital Management Loves These 5 Stocks

#3 Air Products & Chemicals Inc. (NYSE:APD)

Shares held (as of September 30): 387,314

Total Value (as of September 30): $49.41 million

Percent of Portfolio (as of September 30): 7.62%

Tricadia Capital dumped over 3,000 shares of Air Products & Chemicals Inc. (NYSE:APD) during the third quarter. Having a market cap of $29.38 billion, Air Products & Chemicals Inc. (NYSE:APD) is engaged in selling gases and chemicals for industrial uses. For the fiscal fourth quarter ended September 30, the company’s income was $397 million, representing a year-over-year increase of 11%. Its quarterly sales were $2.45 billion, a decrease of 9% from the prior year. Two months ago, Air Products & Chemicals Inc. (NYSE:APD) announced that it will spin off its Materials Technologies business. The company plans to separate the division, to be named Versum Materials, through a tax-free spinoff to shareholders by September 2016. Shares of the company’s stock have climbed up more than 6% year-to-date. Activist Bill Ackman’s Pershing Square held 20.55 million shares of Air Products & Chemicals at the end of June.

#2 Macy’s Inc. (NYSE:M)

Shares held (as of September 30): 968,000

Total Value (as of September 30): $49.68 million

Percent of Portfolio (as of September 30): 7.66%

Tricadia Capital raised its stake in Macy’s Inc. (NYSE:M) by more than 15% during the last quarter. Based in Cincinnati, Ohio, Macy’s Inc. (NYSE:M) is a retail company, with sales of more than $28.105 billion in fiscal 2014. Macy’s Inc. (NYSE:M) saw a decline in its third-quarter operating income to $369 million, compared to $422 million for same quarter last year. Sales decreased by 5.2% to $5.9 billion, compared to the last year’s quarter. The company also revised its 2015 guidance. Now, it expects full-year earnings per share in the range of $4.20 to $4.30, compared to the previous estimate of $4.70 to $4.80. Macy’s Inc. (NYSE:M)’s stock has lost 37.9% year-to-date. Senator Investment Group, run by Doug Silverman and Alexander Klabin, held 6.50 million shares of the company as of the end of the second quarter.

#1 Springleaf Holdings Inc (NYSE:LEAF)

Shares held (as of September 30): 1,946,534

Total Value (as of September 30): $85.10 million

Percent of Portfolio (as of September 30): 13.12%

Tricadia Capital’s top holding is represented by Springleaf Holdings Inc (NYSE:LEAF), a consumer finance company, with a market cap of $5.99 billion. The investor added 60,000 shares to its holding of Springleaf Holdings Inc (NYSE:LEAF) during the third quarter. Springleaf Holdings Inc (NYSE:LEAF) posted a loss of $11 million, or $0.08 per share, for the third quarter, compared to income of $427 million, or $3.70 per share, for a year ago quarter. Springleaf Holdings Inc (NYSE:LEAF)’s shares have increased by 22.2% year-to-date. Michael Novogratz’s Fortress Investment Group reported holding 73.44 million Springleaf Holdings shares as of the end of the second quarter.

Disclosure: none