Billionaire Michael Dell’s Top Stock Picks: DineEquity Inc (DIN), Asbury Automotive Group, Inc. (ABG), PVH Corp (PVH)

DineEquity Inc (NYSE:DIN) was MSD’s top stock holding at the end of 2012, with over 32% of the fund invested in the company. DineEquity owns and operates two restaurant chains, Applebee’s Neighborhood Grill and International House of Pancakes (IHOP). DineEquity Inc (NYSE:DIN) has a robust return on equity of 37%,

Asbury Automotive Group, Inc. (NYSE:ABG) is MSD’s second largest holding, and makes up 20% of the firm’s public equity portfolio. Asbury is one of the largest automotive retailers in the United States. Asbury Automotive Group, Inc. (NYSE:ABG)posted fourth-quarter earnings of $0.72 per share, versus $0.55 from the same quarter last year and beat the consensus estimate of $0.65 handily. Earnings before interest and taxes beat consensus estimates by 5%. Asbury did suspend its dividend in 2008 in an effort to boost its cash position, but boding well for Asbury Automotive Group, Inc. (NYSE:ABG) is the S&P’s expected increase in U.S. light vehicle sales to 15.4 million units in 2013, up from 14.4 million in 2012.compared to an industry average of 20%. What’s more is that its net profit margin of 15% is high compared to an industry average of 5%. DineEquity Inc (NYSE:DIN) carries a 4.23% dividend yield and trades at a mere 10.7 times earnings, making the stock a value and income play (read more about why).