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.

Fidelity National Financial Ventures (FNFV) Added to Eminence Capital’s Equity Portfolio

As a new filing with the Securities and Exchange Commission showed, Ricky Sandler‘s Eminence Capital initiated a stake in Fidelity National Financial Ventures (NYSE:FNFV). Eminence disclosed holding around 5.56 million shares of FNFV Group Common Stock. The position is passive by nature and amasses 6.1% of class.

Andrew Sandler

Fidelity National Financial Ventures (FNFV) is a stock that tracks the performance of the Fidelity National Financial’s portfolio company investments. The stock started trading at the end of June with each shareholder of Fidelity National Financial, receiving 0.3333 shares of Fidelity National Ventures. Eminence Capital holds a diversified equity portfolio, although the financial sector amasses a very small portion of the total portfolio value. Mr. Sandler has been bullish on the markets mainly raising his fund’s exposure to most of its positions. This strategy proves to be effective as Eminence Capital has had compound annual returns of around 13% since its inception back in 2009, and had only one year with negative returns during the financial crisis, when Eminence lost 19% in 2008.

Another that owns shares of Fidelity National Financial Ventures (NYSE:FNFV) is Keith Meister‘s Corvex Capital, that last disclosed holding around 2.69 million shares of Fidelity National Ventures, although the fund cut its position from around 6.09 million shares held previously. Corvex built its position in FNFV through holding a big stake in Fidelity National Ventures that contained around 18.29 million shares at the end of the last quarter, and has later been increased to 20.24 million shares. Nevertheless, Corvex owns an activist position and expressed its interest in engaging in discussions with the company’s management.

Overall, Fidelity National Financial Ventures (NYSE:FNFV) reported total revenue of around $686 million for the second quarter, which has increased from $650 million in the second quarter of 2013. Moreover, Fidelity National Financial Ventures (NYSE:FNFV)’s revenue represents a significant portion of Fidelity National Financial’s core operations revenue of approximately $1.7 billion. The EBITDA of  amounted to $58 million, significantly up from $41 million a year ago.

With Fidelity National Financial Ventures (NYSE:FNFV) showing a growth in its top and bottom lines, the stock represents an interesting investment opportunity that might be worth some further research. However, Eminence Capital’s latest bet is also important, since research shows that following bullish activity of big investors can help retail investors to outperform the market by a big margin.

Disclosure: none

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.