Ancient Art Cashing In On Xoom Corporation (XOOM), But Is It Time To Sell?

We’ll now move on to the list of Quincy Lee’s top picks at the end of the most recent quarter. Up first on the list is Interactive Brokers Group Inc. (NASDAQ:IBKR), an automated global electronic broker. As stated by a recent 13G form filing, Ancient Art currently owns 3.57 million shares of the company, which represent 6.1% of its outstanding common stock. The hedge fund increased its position in Interactive Brokers Group from 3.54 million since its latest 13F filing. The stock has risen by over 37% since the beginning of the current year and can keep increasing, as the company has recently announced the launch of its Investors’ Marketplace, which is a revolutionary online service where traders, investors, financial advisors and others can get acquainted and do business together. The largest shareholder in Interactive Brokers Group Inc. (NASDAQ:IBKR) is Ted Kang’s Kylin Management, owning almost 5.28 million shares valued at $179.58 million.

Ancient Art L.P. sold 50,000 shares of Charter Communications Inc. (NASDAQ:CHTR) during the first quarter, ending the quarter with 189,288 shares valued at $36.55 million. The stock has increased by over 3% year-to-date, so it’s worth keeping a close eye on this company. Considering the fact that Charter Communications announced on May 26 that it is acquiring New York-based Time Warner Cable for $195.71 per share, it seems that Charter is in line for fast-growth opportunities. Warren Buffett’s holding company Berkshire Hathaway is among the largest investors in Charter Communications Inc. (NASDAQ:CHTR), owning 5.98 million shares, making it one of his top mid-cap picks.

Last up on our list is Nexstar Broadcasting Group Inc. (NASDAQ:NXST). Quincy Lee’s Ancient Art left its position in the company unchanged during the first quarter, ending the most recent quarter with 573,570 shares valued at $32.82 million. The stock has gained slightly more than 9% year-to-date and could keep increasing in the upcoming months as the company has been delivering better-than-expected financial results. Nexstar reported a profit of $0.40 per share for the first quarter, beating analysts’ estimates of $0.35 per share. MSDC Management, led by Marc Lisker, Glenn Fuhrman and John Phelan, is by far the largest shareholder of Nexstar Broadcasting Group Inc. (NASDAQ:NXST) in our database, owing 3.06 million shares.

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