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Marc Lasry’s Top Small-Cap Picks Include Meritor Inc (MTOR), Dynegy Inc New (DYN) and Scorpio Tankers Inc (STNG)

Marc Lasry also trimmed its stake in Dynegy Inc. New (NYSE:DYN) by 21% on the quarter to around 2.07 million shares, valued at $65 million. Meanwhile, the stock has gained almost 11% since the beginning of the year amid a first-quarter net loss referable of $180 million, compared to a loss of $41 million for the first quarter of 2014 and revenue of $632 million, down from $762 million a year earlier. Other shareholders of Dynegy Inc. New (NYSE:DYN) are Howard Marks’ Oaktree Capital Management, Israel Englander’s Millennium Management and Luminus Management, run by Jonathan Barrett and Paul Segal.

As of the end of the first quarter, Avenue Capital held 6.41 million shares of Scorpio Tankers Inc. (NYSE:STNG), valued at $60.35 million. Scorpio Tankers Inc. (NYSE:STNG) is a $1.66 billion company that provides seaborne transportation of refined petroleum products and crude oil. According to the earnings release, the company has recorded a 109.4% year-over-year increase in revenues to $160.71 million for the first quarter and EPS of $0.25, down from $0.28 a year earlier. At the end of May, Scorpio Tankers announced a new securities buyback program to purchase up to an aggregate of $250 million of the common stock and bonds. Among the funds we track, James Dinan’s York Capital Management has the biggest position in Scorpio Tankers Inc. (NYSE:STNG) amounting 14.81 million shares, followed by Mariko Gordon’s Daruma Asset Management with 7.74 million shares.

Disclosure: none.

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