Ricky Sandler’s Top 5 Stock Picks

3. Macquarie Infrastructure Corporation (NYSE: MIC)

Value: $322,977,000
Percent of Ricky Sandler’s 13F Portfolio: 3.02%
No. of Hedge Fund Holders: 31

Macquarie Infrastructure Corp invests in infrastructure businesses. The company has two main segments: Atlantic Aviation and MIC Hawaii.  Atlantic provides fuel, terminal, aircraft hangaring and other services primarily to owners and operators of general aviation (GA) jet aircraft at over 70 airports in the U.S., while MIC Hawaii processes and distributes gas and provides related services. The stock has gained 34% over the last 12 months. In February, the company announced a tender offer to purchase any and all of its 2.00% convertible senior notes due 2023.

As of the end of the fourth quarter of 2020, Eminence Capital owns 8.6 million shares of MIC worth $322.98 million. MIC accounts for 3.02% of Eminence Capital’s total portfolio.