Billionaire Jorge Paulo Lemann’s Top Small-Cap Picks

3G Capital increased its stake in Axiall Corporation (NYSE:AXLL) by 100,000 shares during the first quarter, lifting its overall position to 400,000 shares, which are valued at $12.74 million as of the end of the first quarter. Although the share price of Axiall Corporation has suffered a decline throughout the last four weeks, it seems that the stock might get back on the right track as there are rumors circulating about a possible $3 billion joint venture with Lotte Chemicals to build an ethane cracker that can produce ethylene for Axiall Corporation. For the time being, a number of hedge funds seem to believe in the strong future performance of Axiall Corporation (NYSE:AXLL), which has a market cap of $2.58 billion. One of the hedge funds that remains bullish is Lomas Capital Management led by Daniel Lascano, which holds a stake of 488,467 shares.

3G Capital has also taken a long position in PBF Energy Inc. (NYSE:PBF), a $2.52 billion market cap petroleum refining company. 3G Capital opened a new position of 400,000 shares during the quarter worth $13.57 million. An article released by Credit Suisse suggests that refining companies may still have more upside as the momentum of the world economy grows. PBF Energy Inc., which is one of the largest petroleum refiners and suppliers of transportation fuels and other petroleum products in the U.S., beat the consensus profit estimates for its first quarter earnings by generating a profit of $87.32 million. PBF Energy Inc. delivered a strong financial performance during the quarter all around, while margins remain solid, suggesting that the company is on a good path. In the meantime, some other hedge funds, including the world’s 11^th largest hedge fund, Baupost Group, managed by Seth Klarman, own sizable equity stakes in PBF Energy.

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