Billionaire Glenn Russell Dubin’s Top Picks

Next up is NorthStar Asset Management Group Inc (NYSE:NSAM), in which Highbridge Capital Management increased its equity stake by 408% during the second quarter. After this addition the fund held 4.14 million shares of NorthStar Asset Management Group Inc (NYSE:NSAM) valued at $76.54 million. The company is focused on managing real estate and other investment platforms in the United States and internationally. During 2015 the share price of NorthStar has suffered an 18.17% loss, in spite of the latest revenue figures, for the second quarter, showing a 264.5% increase from the same period of 2014. Nonetheless, the company posted second quarter EPS of $0.19 that missed estimates by $0.10, despite that improved revenue of $119.13 million, being $6.16 million higher than expected, suggesting the company is not being run as efficiently as possible. Last week, Deutsche Bank analysts lowered their target price for the firm to $26 from $30, while maintaining their “Buy” rating on the stock. At present, the stock is trading around $18.5, suggesting big upside potential. Ken Griffin’s Citadel Investment Group held around 5.61 million shares of NorthStar Asset Management Group Inc (NYSE:NSAM) worth $103.72 million as of the end of June.

Lastly, Highbridge Capital Management owned around 1.59 million shares of Mosaic Co (NYSE:MOS) valued at $74.45 million. The $15.34 billion market cap company based in Plymouth, Minnesota, is a producer and marketer of concentrated phosphate and potash crop nutrients. Being the industry leader, Mosaic isn’t far removed from its golden days of 2008, when its stock crested the $150 level. However, such a market-leading position becomes a real problem if the supply in that industry exceeds the demand, as it has today, driving the commodity prices down, and holding Mosaic Co (NYSE:MOS)’s share price beneath the $50 mark. The overall demand in the industry has been steadily declining, which has resulted in a contraction of the total sales of the company. The demand in emerging economies has taken a hit and the ripple effect has caused a distress in the global markets. At the beginning of this month Scotibank market experts decided to decrease the price target for the company to $53 from $55. Like in the previous case, Citadel Asset Management is among the largest shareholders of Mosaic Co (NYSE:MOS), owning some 1.53 million shares valued at $71.61 million.

Disclosure: None