Whitney Tilson’s Second Quarter Equity Portfolio Unchanged


Whitney Tilson’s hedge fund reported no changes in its equity portfolio in the second quarter based on its 13F filing with the Securities and Exchange Commission (SEC).

The filing showed that the hedge fund’s equity portfolio has a market value of $55,465,000 as of June 30, 2015. The investment management firm has stockholding in 15 companies. Tilson had a rough Q2 as ValueWalk previously reported.

Whitney Tilson top five stockholdings

The top five stockholdings of T2 Partners in the second quarter include the Howard Hughes, Platform Specialty Products, Reading International, JetBlue Airways, and Air Products & Chemicals.

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T2 Partners owns 50,425 shares of Howard Hughes, a developer and manager of commercial, residential and mixed-use real estate. The investment management firm’s stockholding in the company represents 13.05% of its equity portfolio, its largest stockholding.

Howard Hughes recently received a Strong Buy recommendation with a 12-month price target of $225 per share from analysts at Zacks Equity Research. The shares of the real-estate developer closed $135.99 per share on Monday.

Over the past 52 weeks, Howard Hughes’ stock traded between $114.39 and $160.62 per share. The company lost nearly 7% of stock value over the past year.

Whitney Tilson owns 271,140 shares of Platform Specialty Products, a diversified producer of high-technology specialty chemicals and provider of technical services worldwide. T2 Partners’ stake in the company accounts 11.62% of its equity portfolio, its second largest stockholding.

The stock price of Platform Specialty Products slightly declined to #23.24 per share on Monday. The company’s stock traded between $20.15 and $28.44 per share over the past 52-weeks. Its stock value was down almost 8% over the past year.

Last month, the company announced its intention to acquire Alent plc for $2.1 billion in cash and stock. Alent is a global supplier specialty chemicals and engineered materials used in automotive, electronics, and industrial applications.

T2 Partners owns 371,106 shares of Reading International, an owner, developer, and operator of entertainment and real property assets in Australia, New Zealand, and the United States.

Reading International is the third largest stockholding of the investment management firm, which represents 9.27% of its equity portfolio. In June, Reading International appointed Ellen. M. Cotter as interim president and CEO. She also serves as chairman of the board of directors of the company.

The stock price of Reading International increased almost 2% to 11.97 per share on Monday. The company gained more than 49% of stock value over the past year.

The fourth largest stockholding of T2 Partners is JetBlue Airways. The investment management firm owns 225,110 shares in the air transportation company, which account 8.43% of its equity portfolio.

The stock price of JetBlue Airways climbed 2.65% to $23.59 per share. The company gained more than 48% of stock value over the past year.

JetBlue Airways posted earnings of $0.44 per share on $1.61 billion in revenue. Analysts at Zacks Equity Research recently raised its rating on the stock to Buy with a price target of $26 per share.

The fifth largest stockholding of Whitney Tilson is Air Products & Chemicals. The investment management firm owns 29,728 shares of the company, which represent 7.51% of its equity portfolio.

The stock price of Air Products & Chemicals increased 2.36% to $154.88 per share on Monday. The company gained more than 9% of stock value over the past year.

Last week, Air Products & Chemicals reported strong third-quarter earnings. The company posted a 13% increase in earnings to $1.65 per share. Its adjusted EBITDA margin climbed 30.7%. Its sales dropped 6% to $2.47 billion.