Tricadia Capital Management’s Is Betting Big On These Stocks

Tricadia Capital Management, managed by Michael Barnes and Arif Inayatullah, is headquartered in New York and has an estimated $3.5 billion of assets under management. Founded in 2003, the firm manages credit-oriented hedge funds and alternative investment accounts. Mr. Barnes is a founding partner of Tricadia. Prior to Tricadia, Mr. Barnes oversaw various credit trading strategies at UBS, PaineWebber and Bear Stearns. Mr. Inayatullah, the second founding partner of Tricadia, has more than 25 years of experience in the fixed income, currency, equity and commodities markets with a particular emphasis on credit products. In its latest filing, Tricadia Capital has reported its holdings as held at the end of the fourth quarter of 2013. The value of the fund’s equity portfolio totaled nearly $337 million, up from about $267 million reported at the end of the third quarter of 2013. We have selected the top five holdings in term of value that the fund held in its equity portfolio at the end of last year.

The first one is Fortress Investment Group LLC (NYSE:FIG), in which Tricadia Capital disclosed holding close to 5 million shares, with an aggregate value of over $42.7 million. The stake remained unchanged over the quarter.

The next is EASTMAN KODAK CO (NYSE:KODK), a new position in which the fund holds over 1.0 million shares, worth nearly $37.4 million.

On the third spot is Cheniere Energy Inc. (NYSEMKT:LNG), in which Tricadia Capital reported owning 750,000 shares, unchanged over the quarter. The stake is worth $32.3 million.

The fourth position is held by Chimera Investment Corporation (NYSE:CIM). The fund disclosed holding more than 10 million shares, with a reported value of close to $31.6 million shares. The stake was up from 335,800 shares the fund held at the end of the third quarter.

The fifth-largest holding is Delphi Automotive PLC (NYSE:DLPH), in which the fund increased its stake to 500,000 shares from 400,000 shares reported at the end of the third quarter. The value of holding is just over $30 million.

Disclosure: none

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