Quarterly 13Fs for the June quarter are flowing in gradually, enabling investors to examine all major moves completed by the smart money industry during the second quarter of 2016. Hedge fund vehicles and other firms are required to submit their 13Fs with the SEC by mid-August, with some of them having already compiled and filed these highly-informative quarterly documents.
Breton Hill Capital Ltd., an alternative asset management firm co-founded by its current CEO Ray Carroll in 2011, is among the few investment firms that already submitted their 13Fs for the second quarter. The Toronto-based asset manager was awarded the “Best Canadian Hedge Fund Award” at the Hedge Funds Review Americas Awards 2013. Breton Hill Capital’s core investment philosophy relies on identifying macro trends, unlocking value by capturing micro-inefficiencies, as well as controlling short-term risks to preserve capital. With that in mind, let’s have a look at several bullish moves completed by the Canadian investment firm during the June quarter.
At Insider Monkey, we track around 770 hedge funds and institutional investors. Through extensive backtests, we have determined that imitating some of the stocks that these investors are collectively bullish on can help retail investors generate double digits of alpha per year. The key is to focus on the small-cap picks of these funds, which are usually less followed by the broader market and allow for larger price inefficiencies (see more details).
Ford Motor Company (NYSE:F)
– Shares owned by Breton Hill Capital as of June 30: 665,457
– Value of Breton Hill Capital’s holding as of June 30: $8.37 Million
Breton Hill Capital upped its position in Ford Motor Company (NYSE:F) by 89,574 shares during the second quarter of 2016 to 665,457 shares. The upped stake was valued at $8.37 million on June 30 and accounted for 2.7% of the firm’s entire portfolio. Ford investors are hoping China will continue to represent a crucial pillar of growth for the U.S. automaker ahead, as the world’s second-largest economy can add significantly to Ford’s bottom- and top-line growth, as well as reduce the company’s dependency on the North American market. Sales in Ford’s Asia Pacific region and China in particular reached a record in the first quarter. The automotive giant plans to bring an electric car to the market to challenge Tesla Motors Inc. (NASDAQ:TSLA)’s Model 3, so Ford may become a major player in the promising electric car industry in the near term. Ford shares are 4% in the red year-to-date. Ken Fisher’s Fisher Asset Management cut its stake in Ford Motor Company (NYSE:F) by 10% during the second quarter to 857,222 shares.