Should You Invest in International Game Technology (IGT), Express Scripts Holding Company (ESRX), and Aon PLC (AON)?

Are International Game Technology (NYSE:IGT), Express Scripts Holding Company (NASDAQ:ESRX), Aon PLC (NYSE:AON), and Colliers International Group Inc (NASDAQ:CIGI), stocks that you should be bullish on? One fund that definitely thinks so is BloombergSen. In this article, let’s take a closer look at BloombergSen’s positions in these stocks and see the general sentiment among smart money investors towards them.

Before we get to that, we should mention a couple of words about BloombergSen. The fund is managed by Jonathan Bloomberg and had an  equity portfolio worth $1.02 billion at the end of September, significantly higher than $948.44 million at the end of June. The fund invests mainly in Financial stocks, which amassed 45% of its equity portfolio at the end of September, and Consumer Discretionary stocks, which represented 35%. According to our calculations, BloombergSen’s long positions in companies worth over $1.0 billion generated a positive return of 12.73%, including due to its investments in the above-mentioned stocks.

Having said that let’s proceed to the companies in question.

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International Game Technology (NYSE:IGT), which represented 12.9% and 15.5% of BloombergSen’s equity portfolio at the end of June and September, respectively, surged by 31.3% during the third quarter. This had a positive impact on the fund’s returns as it held 6.51 million shares at the end of June and left the stake unchanged during the third quarter. Overall, 23 funds tracked by Insider Monkey held shares of International Game Technology at the end of June, up by 5% over the quarter. Among them, BloombergSen amassed the largest stake and was followed by Polaris Capital Management with a $107.2 million position. Other investors bullish on the company included PAR Capital Management, OZ Management, and Litespeed Management.

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In Express Scripts Holding Company (NASDAQ:ESRX), BloombergSen had held 1.40 million shares at the end of June and after increasing the stake by 19% during the third quarter, it reported 1.67 million shares as of the end of September. Meanwhile, during the third quarter, the stock inched down by 7%. At the end of June, there were 51 funds tracked by our team bullish on Express Scripts Holdings, down by six over the quarter. Among these funds, Bob Peck and Andy Raab’s FPR Partners had the largest position, which was worth close to $413.6 million. On FPR Partners’s heels is Cedar Rock Capital, managed by Andy Brown, with a $373.3 million stake. Remaining peers that held long positions comprise John Shapiro’s Chieftain Capital, Michael Lowenstein’s Kensico Capital and D. E. Shaw’s D E Shaw.

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