Billionaire Englander’s Catapult Capital Bought These Stocks: ADT Corp (ADT), Westlake Chemical Corporation (WLK), Methanex Corporation (USA) (MEOH)

The fund devoted almost $3mm to international methanol supplier Methanex Corporation (USA) (NASDAQ:MEOH). The company reported Q4 earnings at the end of January, delivering lower-than-expected revenue and earnings numbers. As a result, UBS tapered its view on MEOH, dropping its rating from Buy to Neutral. MEOH continues to experience natural gas supply constraints and does not expect those troubles to improve in the near term. Income investors will like the fact that the company carries a dividend yield of 1.9%. Israel Englander keeps an Methanex Corporation (USA) (NASDAQ:MEOH) investment in his Millennium Management portfolio as well (view that fund’s other holdings here).

Chemtura Corp (NYSE:CHMT) rounds out our list of the largest new positions for Catapult; $2.6mm of the fund’s portfolio now sits in CHMT stock. The small-cap specialty chemical engineer is up 40% over the past twelve months, which is even more impressive given the fact that the stock fell 10% after a poor earnings release in February (it also resulted in a downgrade from ratings giant Oppenheimer). Both revenue and EPS came in lower than predicted, and analysts believe that margin improvement limitations may hurt the company going forward unless the economy improves. Billionaire Jeffrey Vinik of Vinik Asset Management initiated a 45,000 share position in Q4 2012 as well (see the fund’s top five picks here).

Disclosure: I do not own shares of any stocks mentioned in this article.