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 Rob Citrone’s Monster Q3 Buys: Kellogg, Macy’s, Activision-Blizzard, More

Page 1 of 2

Rob Citrone is the founder of Connecticut based hedge fund Discovery Capital Management, which had a 13F portfolio value of $4.71 billion as per their latest 13F filing, with the top ten holdings constituting 40.86% of the total portfolio. The top holdings include Kellogg Co (NYSE:K), Ctrip Com Intl Ltd (NASDAQ:CTRP), Facebook Inc (NASDAQ:FB), Visa Inc (NYSE:V) and Broadcom Ltd (NASDAQ:AVGO). The fund’s major holdings are in Information technology, energy and consumer discretionary sectors. With that in mind, let’s take a closer look at some of the new positions initiated by the fund during the third quarter.

Out of thousands of stocks that are trading on the market every day, it can be difficult sometimes to pick the right investment that can deliver market-beating returns. Here’s where our research comes in. By analyzing the equity portfolios of 700+ top investors, we can see what stocks they are collectively bullish on and use this data to compile a portfolio that can outperform the market. We have determined through this process that the best strategy is to follow the 15 most popular small-cap picks among hedge funds, which have delivered an alpha of around 81 basis points per month in our backtests covering the period between 1999 and 2012 (see more details).

Discovery Capital Management

Kellogg Co (NYSE:K) is the largest holding of Discovery Capital Management with the fund buying 3,289,043 shares valued at $254 million during the third quarter. The stock accounted for 5.4% of the fund’s portfolio making it one of the top buys for Discovery Capital Management. This consumer staple company recently announced its third quarter results, reporting a 41% increase in earnings per share from the prior-year quarter. However, the company also stated that their “sales were affected by trade-inventory reductions in US cereal, a challenging UK market, and portfolio transformations.” Aside from Discovery Capital Management, other hedge funds holding large positions in Kellogg Co (NYSE:K) include Josh Resnick’s Jericho Capital Asset Management and Zach Schreiber’s Point State Capital. According to recent news, Kellogg Co (NYSE:K) was a part of a group of companies which requested President elect Donald Trump to continue the Paris Climate Agreement.

Follow Kellogg Co (NYSE:K)
Trade (NYSE:K) Now!

Click next page to see more of Billionaire Rob Citrone’s top buys in Q3.

Page 1 of 2
Loading...