Hedge Fund Marque Millennium’s Top Stock Picks

The next stock is Blackstone Group LP (NYSE:BX), in which Mr. Meckel sold around 21.14% of his previous holdings during the second quarter. As a result, the fund ended up owning some 227,220 shares of Blackstone Group LP (NYSE:BX), worth $8.66 million by the end of the period. During the first half of 2015, Blackstone, the global alternative asset manager and provider of financial advisory services returned around 20.8%, after which it slid by 6.6%. However, analysts believe that the stock has pretty solid upward potential of 25.9% from the $38.60 per share where it is traded at these days. Robert Joseph Caruso’s Select Equity Group held the largest amount of Blackstone Group LP (NYSE:BX)’s shares among the funds we track, 2.35 million in all, valued at $91.52 million as of March 31.

Finally, the third-largest position of Marque Millennium was also reduced over the course of the second quarter of this year. This time, the fund disposed of around 19.92% of its shares of Express Scripts Holding Company (NASDAQ:ESRX), having 82,800 shares left at the end of the period, valued at $7.54 million. The $66.39 billion company provides integrated pharmacy benefit management services. During the past seven months, the stock has been steadily climbing towards a new multi-year high, having gained around 9.11% in 2015. On July 28 the company announced a 1.4% year-to-year growth in sales, and exceeded earnings expectations with its latest results, posting $1.44 in EPS. The results led to the equity price going up by 2.5% on the day. Robert Rodriguez and Steven Romick, managing First Pacific Advisors LLC, held around 4.60 million shares of Express Scripts Holding Company (NASDAQ:ESRX) on March 31, which were worth $399.44 million at that time.

Disclosure: None