Billionaire Glenn Russell Dubin’s 5 Best Stock Ideas for Q4

#3 AbbVie Inc (NYSE:ABBV)

– Shares held (as of September 30): 1.29 million

– Total Value (as of September 30): $70.12 million

AbbVie Inc (NYSE:ABBV) is a $98.6-billion biopharmaceutical company formed in 2013 following its separation from Abbott Laboratories (NYSE:ABT). Dubin sees potential in AbbVie Inc (NYSE:ABBV), as his fund increased its stake in the company by 75% during the quarter. Recently, AbbVie announced a five-year growth plan that impressed investors. The company predicts total sales of about $37 billion in 2020, reflecting roughly 10% average sales growth over the five-year period. For the third quarter, AbbVie Inc (NYSE:ABBV) reported a profit of $1.24 billion, a significant increase from the $506 million it earned in the same quarter of 2014. The company’s sales increased by 8.40% year-over-year to $5.94 billion. AbbVie Inc (NYSE:ABBV)’s largest shareholders among those we track include Larry Robbins’ Glenview Capital and Julian Baker and Felix Baker’s Baker Bros. Advisors, holding 16.17 million shares and 14.37 million shares, respectively.

#2 NorthStar Asset Management Group Inc (NYSE:NSAM)

– Shares held (as of September 30): 4.93 million

– Total Value (as of September 30): $70.83 million

During the third quarter, Dubin added 792,771 more shares to his holding of NorthStar Asset Management Group Inc (NYSE:NSAM), a New York-based global asset management firm focused on strategically managing real estate and other investment platforms. For the third quarter, NorthStar Asset Management Group Inc (NYSE:NSAM) reported income of $41.2 million, versus $18.74 million a year earlier. Revenues arrived at $108.12 million, compared to $83.99 million in the same period of 2014. Last month, NorthStar Asset Management Group Inc (NYSE:NSAM) agreed to acquire an approximate 85% interest in The Townsend Group for roughly $380 million. Townsend is the manager of about $180 billion of real estate assets. It designs customized strategies and builds distinctive portfolios for its world-class institutional investor base. The acquisition is expected to close in early 2016. Robert Pitts’ Steadfast Capital Management and MSDC Management, run by Marc Lisker, Glenn Fuhrman and John Phelan, are the largest shareholders of NorthStar among the investors we track at Insider Monkey.

#1 Exelon Corporation (NYSE:EXC)

– Shares held (as of September 30): 2.51 million

– Total Value (as of September 30): $74.40 million

Dubin was also bullish on Exelon Corporation (NYSE:EXC), boosting his stake by 2.17 million shares during the quarter. Exelon, a $25.47-billion utility services holding company, recently reported better-than-expected third quarter results. The company’s profit was $629 million, down from $993 million in the same year-ago quarter. However, on an adjusted basis, income rose to $757 million, compared to $676 million a year earlier. Exelon Corporation (NYSE:EXC) still seems committed to acquiring Pepco Holdings, despite the company’s bid of $6.8 billion being rejected by regulators in August. Exelon Corporation (NYSE:EXC) was held by a total of 40 hedge funds we track at the end of the third quarter, compared to 30 at the end of June. However, the aggregate value of these investments fell to $954.8 million from $1.1 billion during that time. Another investor that likes Exelon is Clint Carlson’s Carlson Capital, which holds 6.75 million shares as of the end of September.

Disclosure: None