1. Citigroup Inc (C): Toscafund’s $45.6 Million investment in C returned 1.7% since the end of December. Toscafund was bullish about Citigroup during the fourth quarter. Hughes increased his Citigroup holdings by 50%. Paulson & Co, Pershing Square and Maverick Capital are among the other Citigroup investors.
2. Las Vegas Sands Corp (LVS): LVS gained 9.4% since December. Hughes invested $44 Million. The stock holdings of LVS was reduced by 12% during the last quarter.
3. Phoenix Companies Inc (PNX): Toscafund had $22 Million in PNX. The position returned 0.8% since the end of December. Hughes didn’t change his stock holdings in the last quarter.
4. Hartford Financial Services Group (HIG): Toscafund’s $19 Million investment returned 8.4% since December, outperforming the SPY by 4.4 percentage points. Toscafund had 700,000 shares of HIG. John Paulson has HIG shares in his portfolio too.
5. SLM Corp (SLM): Toscafund returned 16% from its SLM investment of $15 Million since December.
6. Longtop Financial Technologies LTD (LFT): Hughes’ LFT investment is the only stock with negative returns, losing 1.2% since the end of December. Fortunately, he had only $9.4 Million worth of stock holdings, which was increased by 22% during the last quarter of 2010. Facebook billionaire Chase Coleman's Tiger Global has LFT shares in his portfolio as well.
7. Willis Group Holdings LTD (WSH): Hughes returned 7.2% from its $9.2 Million long position at WSH since the end of December. Hughes reduced its stock holdings by 6% since the end of September. Cantillon Capital Management is a Willis Group Holdings investor too; it was their largest US equity position at the end of September.
8. Western Union Co (WU): Toscafund owned $8.9 Million worth of WU, which returned 11.4% since the end of December. This is another spectacular pick, beating the SPY by more than 7 percentage points in less than a month. Toscafund reduced its stock holdings by 16% during the last 3 months of 2010. Barry Rosenstein's Jana Partners is among the other hedge funds with WU positions.
9. JP Morgan Chase & Co (JPM): Hughes had $4 Million worth of JPM stock at the end of December. The stock returned 7.2%, beating the SPY by 3.2 percentage points since then. Hughes reduced his JPM holdings by 55% during the last quarter. Second Curve’s Tom Brown is extremely bullish about JP Morgan. Stephen Mandel is a JPM investor too.
Since the end of December, Toscafund’s weighted average return is 7.6%, beating the SPY by 3.6 percentage points. Two thirds of his positions managed to beat the S&P 500 index. Insider Monkey, your source for free insider trading data, will be tracking Martin Hughes’ performance going forward.
seekingalpha.com/article/...-s-top-9-u-s-holdings?source=yahoo
Zurück
