Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Billionaire Mason Hawkins’ Top Stock Picks

Level 3 recently signed lone agreement of $2 billion at Libor plus 2.75% which replaced former loan which was priced at Libor plus 3.5%. After acquiring TW Telecom in last quarter of 2014, Level 3 recently announced financial results for the first quarter of 2015 which is the first reportable quarter after acquisition. Revenue of core network services of the company increased by 6% year-over-year excluding foreign exchange effects. Free cash flow of $51 million and adjusted EBITDA of $635 million are other highlights of the quarter. Total revenue for the first quarter increased to $2.05 billion in 2015 from $2.00 billion in 2014. Net income of first quarter increased to $122 million in 2015 from $99 million in 2014. Jim Simons’ Renaissance Technologies and Keith Meister’s Corvex Capital are other major shareholders of the company. Corvex Capital has decreased its position in the company by 75.88% during the first quarter and reported owning 1.08 million shares of Level 3 Communications, Inc. (NYSE:LVLT) valued at $58.29 million at the end of first quarter of 2015.

The second-largest holding is represented by Loews Corporation (NYSE:L), in which Southeastern Asset Management held 33.65 million shares worth $1.37 billion at the end of the first quarter. Loews Corporation is a property and casualty insurance company with a market cap of $15.09 billion and P/E ratio of 19.17. Loews Corporation (NYSE:L) recently announced dividend payment of $0.0625 per share, payable on June 12. The company’s first quarter net income from continuing operations reported as $109 million in comparison with the last year’s quarterly income of $265 million. The decline in the operating income is mainly because of impairment charge of $158 million at Diamond Offshore. Boykin Curry’s Eagle Capital Management and Martin Whitman’s Third Avenue Management are other prominent investors who held position in Loews Corporation (NYSE:L) at the end of first quarter.

CONSOL Energy Inc. (NYSE:CNX) is the third largest position of Southeastern Asset Management according to its most recent 13F file. Southeastern Asset Management has bought 12.19 million shares of the company and increased its position to 44.95 million shares of Consol Energy valued at $1.25 billion at the end of first quarter. CONSOL Energy Inc. (NYSE:CNX) is a $7.33 billion coal and natural gas producer for electric generation and steelmaking companies. David Einhorn’s Greenlight Capital is also bullish about CONSOL Energy Inc. (NYSE:CNX). Greenlight Capital increased its position in the company by 7.37 million shares and reported owning 20.58 million shares valued at $574 million at the end of first quarter.

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.