Anthony Scaramucci’s Skybridge Capital Discloses Its Equity Holdings for the First Time; Here Are Its Top Bets

#3 Abercrombie & Fitch Co. (NYSE:ANF)

– Shares Owned by Skybridge Capital (as of December 31): 325,195

– Value of Holding (as of December 31): $8.78 million

Moving on to Skybridge Capital’s third-largest equity holding, Abercrombie & Fitch Co. (NYSE:ANF), shares of the apparel retailer have been on a consistent decline since 2011 and are down by 8.26% so far this year. According to analysts this trend is likely to continue in the future, as the company enjoys no competitive advantage in the crowded apparel retailing industry and has been continuously losing its appeal among teen consumers. Despite the declines, the stock still trades at a forward price-to-earnings multiple of 21, while its peers trade at a multiple of 10.8 on average, thus analysts believe the stock is still highly overvalued right now. For the fourth quarter analysts are expecting the company to report EPS of $0.99 on revenue of $1.12 billion, a mixed bag compared to the EPS of $1.15 on revenue of $1.10 billion that it reported for the same quarter of 2014.

#2 General Electric Company (NYSE:GE)

– Shares Owned by Skybridge Capital (as of December 31): 282,364

– Value of Holding (as of December 31): $8.8 million

Investors applauded General Electric Company (NYSE:GE)’s efficiency in disposing of its financial arm last quarter, sending its shares up by 23.5%. However, due to the slump in the broader market, including fears of a global recession and the company’s exposure to China, the stock is currently trading down by 9.31% year-to-date. For the fourth quarter the company managed to beat the consensus earnings estimate of $0.49 per share, declaring EPS of $0.52, but revenue of $33.8 billion fell well short of the consensus estimate of $35.9 billion. Citing the company’s 7% organic growth during the quarter despite the weakness in the global economy, most analysts who track the stock remain bullish on it. For example, on February 5, analysts at Credit Suisse reiterated their ‘Outperform’ rating and $34 price target on the stock.

#1 Microsoft Corporation (NASDAQ:MSFT)

– Shares Owned by Skybridge Capital (as of December 31): 171,854

– Value of Holding (as of December 31): $9.53 million

Finally, let’s review Skybridge Capital’s top stock pick heading into 2016, Microsoft Corporation (NASDAQ:MSFT). After rising by over 24% during the fourth quarter, shares of the software behemoth have given up almost half of those gains this year. Most of the decline it has suffered in 2016 has come over the last few days and has occurred despite the company reporting strong numbers for its second quarter of fiscal year 2016 on January 28. Whereas analysts had projected it to report EPS of $0.71 on revenue of $25.24 billion for the quarter, Microsoft Corporation (NASDAQ:MSFT) declared EPS of $0.78 on revenue of $25.70 billion. In the last few months the company has been trying to cut its exposure to the mobile hardware market, while at the same time solidifying its presence in the mobile software space. Earlier this month it acquired third-party keyboard app ‘SwiftKey’, which is its fourth major mobile acquisition in the last 14 months. Meanwhile, according to recent reports, Microsoft will be soon pulling the plug on its ‘Lumia’ brand of smartphones. Billionaire Ken Fisher‘s Fisher Asset Management increased its stake in Microsoft Corporation by 1% to nearly 18.22 million shares during the fourth quarter.

Disclosure: None