5 Best Mid-Cap Stocks Billionaire Brian Higgins’ King Street Loves the Most

2. Sabre Corporation (NASDAQ: SABR)

The billionaire Brian Higgins’ also looks optimistic about the Sabre Corporation (NASDAQ: SABR) as the hedge fund has raised its stake by 650% during September after initiating a position in the second quarter. It is the second-largest stock holding of the King Street 13F portfolio, accounting for 10.52% of the overall portfolio.

Shares of Sabre rallied more than 50% in the last six months, thanks to the strengthening travel and tourism business.

RF Capital Management LLC, which posted a return of 18.8% for the second quarter (net of fees), commented on a few stocks including Sabre in an investor’s letter. Here is what RF Capital Management stated:

“Sabre Corporation (SABR) – This holding never became a large position in our portfolio. However, SABR was a profitable investment for us. We bought at an average price of $4.52/share and sold at $7.38/share. We sold our shares due to the quick gain and the company’s increasing leverage on the balance sheet. The airline and travel industries continue to be challenged, so we wanted to reduce our overall exposure as well.”