Union Pacific Corporation (UNP), Crown Castle International Corp. (CCI) and General Motors Company (GM) Amongst Skylands Capital’s Top Picks

As we continue to analyze hedge funds’ 13F filings for the second quarter of 2014, I came across Skylands Capital’s. This hedge fund, managed by Charles Paquelet, disclosed its long equity positions as of June 30 2014, worth more than $1 billion, with an emphasis on services (34%) and technology (23%) stocks. Over the quarter, the fund started 42 new stock positions, increased its exposure to another 65 companies, and sold out of 18 of its holdings. Let’s take a look at some of its top picks:

Union Pacific Corporation (NYSE:UNP)

Despite a 3% reduction in Skylands’ stake, its most valuable position continues to be that at Union Pacific Corporation (NYSE:UNP), a $92.25 billion market cap rail transporting company. The fund owns 864,275 shares of Union Pacific Corporation (NYSE:UNP), worth about $86 million. The position in Union Pacific Corporation (NYSE:UNP) accounts for almost 8.5% of Skylands’ total equity portfolio.

Other prominent investors betting on Union Pacific Corporation (NYSE:UNP) are Ken Griffin and D E Shaw, who last declared ownership of 1.23 million shares and 976,136 shares, respectively.

On the opposite, the second largest position in the fund’s equity portfolio –which also remained the same as in the previous quarter- saw a slight increase in its position. Skylands now owns 990,400 shares of Crown Castle International Corp. (NYSE:CCI), up from 984,550 shares disclosed by the end of the first quarter. Crown Castle International Corp. (NYSE:CCI) is a $25 billion market cap telecom services company, and Skylands’ stake is worth about $73.5 million. This position accounts for more than 7% of its total equity portfolio.

On top of Mr. Paquelet, several other major hedge funds seem bullish on Crown Castle International Corp. (NYSE:CCI). John H. Scully’s Spo Advisory Corp last declared ownership of 10.9 million shares, and Larry Robbins’ Glenview Capital, reported the possession of 8.4 million shares, after having increased its exposure by 8% over the first quarter of 2014.

Third in line is Norfolk Southern Corp. (NYSE:NSC), a $33.4 billion market cap company engaged in the rail transportation of raw materials, intermediate products, and finished goods. Skylands Capital revealed tenure of 441,675 shares of Norfolk Southern Corp. (NYSE:NSC), following a 2% decrease in its exposure. The value of the stake amounts to more than $45 million, as the stock price escalated 6.93% between April and June.

Another famed investor with a big position in Norfolk Southern Corp. (NYSE:NSC) is Ken Griffin. His fund, Citadel Investment Group, owns more than 1.1 million shares of the company.

Fourth in line, same as in the previous quarter, is Apple Inc. (NASDAQ:AAPL). The fund declared owning 423,185 shares of the tech giant by the end of the second quarter. This implies a 4% reduction in the fund’s position in Apple Inc. (NASDAQ:AAPL). Despite this diminution the stake increased in value, from $33.9 million by the end of the second quarter, to $39.3 million by the end of the second quarter.

As many know, one fund that has placed particularly large bets on Apple Inc. (NASDAQ:AAPL) is Carl Icahn’s Icahn Capital Lp, which held 7.53 million shares by the end of the first quarter of 2014.

The only newcomer in this top five picks list is General Motors Company (NYSE:GM), which used to occupy the sixth spot. Skylands increased its stake in the company by 1% over the quarter, while it reduced its exposure to Ryder System Inc. (NYSE:R) –which used to be the fifth largest position- by 14%. The fund now owns 820,650 shares of General Motors Company (NYSE:GM), worth almost $30 million.

Just like in the previous case, most investors know that Warren Buffett is one of General Motors Company (NYSE:GM)’s largest stockholders, with 30 million shares.

Disclosure: Javier Hasse holds no position in any stocks or funds mentioned

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

The 10 Countries with the Highest Suicide Rates

The 10 Most Technologically Advanced Countries in the World

The 10 Safest Countries in the World to Live in Peace

The 10 Top Selling Smartphones in the World 2014

The 12 Biggest Shopping Centers in the World

The 10 Friendliest Countries in the World

Qihoo 360 Technology Co Ltd (QIHU), Actavis plc (ACT), Yahoo! Inc. (YHOO) Among 20 Long Ideas from Sohn Canada

The 10 Laziest Countries in the World

The 10 Most Polluted Countries in the World

The 10 Most Dangerous Cities in America 2014

The Top 10 Gold Producing Countries in the World

The 10 Tallest Buildings in the World

The 10 Richest Stand Up Comedians in the World

The 10 Fattest Countries in the World

The 5 Best Summer Jobs for Teens

The 10 Most Religious Countries in the World Keeping the Faith

The 10 Most Educated Countries in the World

The 10 Most Popular Cell Phones in the World

The 10 Drunkest Countries in the World

The 10 Most Expensive Private Schools in the World

The 10 Smallest Countries in the World

Walking Dead Season 5 Spoilers You’ll Wish You Didn’t Know

The 10 Poorest Countries in the World

The 10 Greenest Countries in the World

The Top 10 Countries with the Highest Population in the World

The 10 Most Visited Countries in the World

The Top 10 Star Wars Characters in the Iconic Series

The 10 Most Expensive Android Phones in the World

5 Reasons Why The Illuminati Is Real and a Threat to Society

The 6 Scariest Halloween Costumes Ever Screamed At

The 4 Biggest Hedge Fund Managers in the World Today

The 15 Most Densely Populated Countries in the World

The 10 Biggest Tea Drinking Countries in the World

Top 6 Ways to Improve Your Checkout Process and Close Sales

The 5 Most Profitable Online Businesses You Can Start Today

The 20 Most Profitable Hospitals in the US

The 5 Most Profitable Home Businesses to Start

The 7 Teams that Will Win the Stanley Cup in 2015

The Top 10 Most Expensive Digital Cameras to Snap Stunning Shots With

The 10 Highest Quality Fast Food Restaurants In America Today

The 8 Best Halloween Decorating Ideas to Spook Up Your House

10 Marvel Women that Should Get a Movie Right Now

The 20 Best Remixes of Popular Songs that Will Make You Forget the Originals

7 Most Expensive Cities in the World

5 Least Expensive Cities in the World

10 Celebrities Who Believe In Scientology

10 High Margin Food Products to Build a Business Around

The 10 Most Expensive Clothing Stores in the United States to Get Decked Out At

The 5 Biggest Kickstarter Scams That Swindled Backers’ Donations

The 10 Most Expensive Boarding Schools In the World

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!