New York-Based Selz Capital’s Top Picks for Q3; High-Yielding Macquarie Infrastructure Corp (MIC) Retains Top Spot

#4. Kinder Morgan Inc. (NYSE:KMI)

– Number of shares owned by Selz Capital LLC as of June 30: 958,211

– Value of Selz Capital LLC’s holding as of June 30: $17.94 Million

The New York-based asset manager held its Kinder Morgan Inc. (NYSE:KMI) stake unchanged during the April-to-June quarter. Selz Capital LLC owned 958,211 Kinder Morgan shares at the end of June, which were valued at $17.94 million. The stake made up 5.1% of the money manager’s entire portfolio. The largest energy infrastructure company in North America has seen the value of its stock gain 48% since the beginning of the year. Kinder Morgan’s revenue for the second quarter decreased to $3.14 billion from $3.46 billion, mainly due to a 15% revenue decline from its carbon-dioxide segment as a result of lower commodity prices. The boardroom of the pipeline operator recently approved a quarterly cash dividend of $0.125 per share, after the board slashed the company’s quarterly dividend of $0.51 a share to $0.125 in December to fund growth efforts. Kinder Morgan reported net income of $372 million for the second quarter, up from $333 million posted a year ago. Warren Buffett’s Berkshire Hathaway was the owner of 26.53 million shares of Kinder Morgan Inc. (NYSE:KMI) at the end of March.

#3. Air Lease Corp (NYSE:AL)

– Number of shares owned by Selz Capital LLC as of June 30: 993,800

– Value of Selz Capital LLC’s holding as of June 30: $26.61 Million

The investment management firm run by Bernard Selz owns 993,800 shares of Air Lease Corp (NYSE:AL) as of the end of the June quarter, 100 shares less than at the end of the March quarter. The barely reshuffled stake was worth $26.61 million on June 30, constituting 7.6% of the fund’s portfolio. The leading aircraft leasing company founded by the self-proclaimed godfather of the aircraft-leasing industry, Steven F. Udvar-Hazy, has seen its market cap drop by 12% thus far in 2016. Just recently, Mr. Udvar-Hazy stepped down from his role as CEO of Air Lease and became executive chairman of the board, with the company’s Chief Operating Officer John Plueger taking over as CEO. The Los Angeles-based company owns a fleet of 239 aircraft and has 386 aircraft on order from several aircraft manufacturers as of the end of March. Royce & Associates, founded by Chuck Royce, had 1.92 million shares of Air Lease Corp (NYSE:AL) among its holdings on March 31.