Whirlpool Corp. (WHR), Huntsman Corporation (HUN) Among Billionaire David Tepper’s Top Mid-Cap Stock Picks

Tepper did increase his position in Huntsman Corporation (NYSE:HUN) by 32%, lifting his overall stake to 8.08 million shares valued at $179.2 million at the end of the first quarter. Huntsman Corporation’s management recently announced that the company generated revenues of $2.59 billion and adjusted EBITDA of $285 million for the first quarter of 2015. The company’s President and CEO, Peter R. Huntsman, declared that he was quite pleased with the strong earnings Huntsman Corporation (NYSE:HUN) generated and believes the future growth prospects are relatively bright. Since the stock is currently trading at the same price as at the beginning of the year, the upcoming weeks might represent a good buying opportunity for investors interested in the chemicals sector. Dinakar Singh’s TPG-AXON Management is one the largest equity holders in Huntsman Corporation.

Tepper sold slightly more than 6% of his equity stake in Masco Corporation (NYSE:MAS), ending the quarter with 4.31 million shares valued at $115.10 million. Masco Corporation missed analysts’ estimates by generating net sales of $2.02 billion compared to the Zacks Consensus Estimate of $2.04 billion. Nevertheless, the revenues generated by the company during the quarter increased by 3% year-over-year, which signifies that the company is on the right path. The stock has risen by almost 8% since the beginning of the year, suggesting that the company remains an attractive investment despite generating the lower-than-expected results. David Cohen and Harold Levy’s Iridian Asset Management remains bullish on Masco Corporation (NYSE:MAS), adding to its holdings in this company during the first quarter.

Disclosure: None