Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Wexford Capital Hikes Stake in Famous Dave’s of America, Inc. (DAVE) Following CEO’s Resignation

Moving on to Wexford’s other recent new picks, the firm’s bet in the energy sector, EnLink Midstream Partners LP (NYSE:ENLK), was the largest among the group, and represented 13.8% of the fund’s portfolio. The holding comprised some 1.93 million shares valued at $47.63 million. The $6.22 billion operator in the midstream industry has also slumped year-to-date, by over 16%. However, the hedge fund interest in EnLink Midstream Partners LP (NYSE:ENLK) among those that we track, has increased over the last quarter, as ten firms had invested a total of $205.92 million in the company by the end of March, as compared to seven funds with $42.17 million in holdings at the end of the previous quarter. Alec Litowitz and Ross Laser‘s Magnetar Capital is the largest among these, owning 5.2 million shares valued at $128.65 million.

Wexford acquired about 1.10 million shares of Xenia Hotels & Resorts Inc (NYSE:XHR) valued at $24.98 million during the first quarter. The $2.67 billion REIT, which is focused on the lodging sector, has appreciated by nearly 16% since its IPO in February. Jonathan Lennon’s Pleasant Lake Partners holds some 321,400 shares of Xenia Hotels & Resorts Inc (NYSE:XHR) valued at $7.31 million.

A total of 445,850 shares of Citizens Financial Group Inc (NYSE:CFG) valued at $10.76 million were acquired by Wexford during the first quarter. The holding represented about 3.13% of the fund’s portfolio. The $15 billion retail bank holding company is another high performer for the fund, as its stock is up by 13.4% so far this year. The number of hedge funds invested in the company increased massively during the first quarter, to 76, compared to 30 firms at the end of the previous quarter which had positions. David Einhorn‘s Greenlight Capital is the largest stockholder of Citizens Financial Group Inc (NYSE:CFG) among these, with 12.61 million shares valued at $304.33 million.

Disclosure: None

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.