Permian Investment Partners Has A Thing or Two To Teach You About Investing

Skipping over Albany Molecular Research, Inc. (NASDAQ:AMRI), the fund’s third top pick, we come to Tribune Media Co (NYSE:TRCO) on the fourth spot. Its position in the entertainment and media company consists of just under 490,700 shares valued at $34.23 million. Tribune Media Co (NYSE:TRCO)’s stock had a solid first quarter, returning 12.53%. The stock was enjoying an even stronger first quarter until it fell by more than 10% on March 23. Billionaire Howard Marks has the largest position in Tribune Media Co (NYSE:TRCO) owning 18.77 million shares.

Next up is Actavis plc (NYSE:ACT), which occupies the fifth spot in Permian’s equity portfolio. The position, consisting of an even 86,000 shares was valued at $22.14 million. That same position today would be worth a good deal more, as Actavis plc (NYSE:ACT) had returns of 15.62% in the first quarter. Actavis plc (NYSE:ACT)’s quarter included the completion of its deal to purchase botox-maker Allergan, which was first announced last year. The pharmaceutical company has announced that it will eventually adopt the botox-maker’s name as its own. Billionaires Andreas Halvorsen, Dan Loeb, and Daniel S. Och are all big shareholders of Actavis who have been invested in the stock for the past year, enjoying huge returns during that time.

Lastly we come to Ashland Inc (NYSE:ASH), which ranked as one of the top consumer durables stocks that billionaires loved entering 2015. Among them were Barry Rosenstein, Leon Cooperman, and Steve Cohen. Alex Duran and Scott Hendrickson owned just under 97,700 shares of the stock worth $11.70 million. Ashland Inc (NYSE:ASH) provided solid returns of 6.60% during the quarter to its billionaire and non-billionaire investors alike. Ashland Inc (NYSE:ASH) announced a new quarterly dividend payment of $0.34 during the first quarter, the yield of which is currently 1.05% based on current trading levels.

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