Lowe’s Companies, Inc. (LOW), Coach, Inc. (COH), Google Inc (GOOG): Horseman Capital’s Riding With These Stocks

London-based hedge fund Horseman Capital Management was founded and is managed by John Horseman. The hedge fund has assets under management of below $1 billion and also has European Select and Emerging Market funds under its banner. It’s important to track hedge fund consensus picks for their market-beating potential.

In this way, let’s take a look at the top five most valuable positions in the equity portfolio of Horseman Capital Management. The largest of them represents 668,800 shares in Lowe’s Companies, Inc. (NYSE:LOW), the value of the stake amounting to $25.4 million. As of the end of December 2012, the hedge fund disclosed ownership of 676,600 shares, worth $24 million. The stock of Lowe’s Companies, Inc. (NYSE:LOW) has a year-to-date return of over 25%.

Next on the list is Coach, Inc. (NYSE:COH). During the first three months of 2013, the hedge fund held 395,300 shares, worth $19.8 million. The hedge fund reduced its stake in Coach, Inc. (NYSE:COH) from 403,000 shares, disclosed as at the end of 2012. The previous value of the stake amounted to $22.4 million. Coach, Inc. (NYSE:COH)’s stock has a year-to-date return of almost -5% and has a P/E of 14.6x.

The third-largest stake in Horseman Capital Management’s 13F portfolio is held by Goldman Sachs Group, Inc. (NYSE:GS), in which the hedge fund owns 128,500 shares, worth $18.9 million. The stake in Goldman Sachs Group, Inc. (NYSE:GS) is a new position in the equity portfolio of Horseman Capital. Goldman Sachs Group, Inc. (NYSE:GS) is a popular choice among hedge funds, with over 50 elite hedgies invested in it according to the latest round of 13F filings.

Also, we should mention $18.8 million position held by Horseman Capital in Google Inc (NASDAQ:GOOG). The position involves 23,700 shares, down from 154,000 reported as at the end of 2012. Google Inc (NASDAQ:GOOG) shares have returned about 26.3% since the beginning of the year.

And fifth on our list is Wells Fargo & Co (NYSE:WFC), which is represented in Horsman’s 13F by 465,800 shares, the value of the stake amounting to $17.2 million. During the first three months of 2013, the position in Wells Fargo & Co (NYSE:WFC) declined by 4% or 20,900 shares.

In total, Horseman Capial Management disclosed 21 positions in its equity portfolio, with the value of the portfolio amounting to $220.5 million, up from $202 million disclosed at the end of 2012. And while the value of Horseman Capital’s equity portfolio is high, we also advise you to take a look at the 10 top hedge funds from our database.

David Blood and Al Gore’s Generation Investment Management, Julian Robertson, and Miura Global Management are a few other hedgies we’ve covered lately, for those interested.

Disclosure: none.