Billionaire Michael Platt Aims To Trump His Peers Yet Again With These Top Picks

#3 American Homes 4 Rent (NYSE:AMH)

 – Shares held (as of September 30): 2.19 million

 – Total Value (as of September 30): $35.18 million

During the third trimester BlueCrest added about 1.55 million shares to its American Homes position. So far this year the stock price of the $3.46 billion REIT is down by a little over 2.2%. In its financial results for the thrid quarter, American Homes 4 Rent (NYSE:AMH) delivered FFO of $0.19, which was in-line with estimates, while quarterly revenue of $172.61 million came in $13.97 million higher than expectations. Among over 700 hedge funds that we track Legg Mason Capital Management, now a part of ClearBridge, is the largest stockholder of American Homes 4 Rent (NYSE:AMH), holding nearly 6.59 million shares.

#2 PetroChina Company Limited (ADR) (NYSE:PTR)

 – Shares held (as of September 30): 1.30 million

 – Total Value (as of September 30): $90.62 million

BlueCrest has held a stake in the $243 billion energy company since the first quarter of this year. However, the major hike to the position came in the third quarter when the fund added some 1.29 million shares to the position. The stock looks considerably cheaper since it has fallen by nearly 37% so far this year on account of a low hanging oil price that refuses to budge on account of piling inventories. PetroChina Company Limited (ADR) (NYSE:PTR) is planning to sell a stake worth $2.4 billion in a pipeline company as China’s energy giants continue to make their businesses leaner and more profitable in the current environment. Renaissance Technologies stands at the heels of BlueCrest on our list of PetroChina Company Limited (ADR) (NYSE:PTR) stockholders, as it owns some 241,400 shares.

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#1 CNOOC Ltd (ADR) (NYSE:CEO)

 – Shares held (as of September 30): 3.20 million

 – Total Value (as of September 30): $329.60 million

Lastly, Platt and Reeves massively bulked up their CNOOC stake during the July-to-September quarter by acquiring nearly 3.16 million shares of the China-based energy company. It is clear that BlueCrest is confident that the management of these two Chinese companies can stage a turnaround even in the face of a challenging environment. Jeffries upgraded the company to ‘Buy’ from ‘Hold’ in late September. Renaissance Technologies is also a believer in this company, as it held about 198,000 shares of CNOOC Ltd (ADR) (NYSE:CEO) at September’s end.

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Disclosure: None