The second favorite stock pick of Appaloosa Management is HCA Holdings Inc (NYSE:HCA), in which the fund held 4.91 million shares worth $369.12 million, as of the end of the first quarter. HCA Holdings Inc (NYSE:HCA) is a hospital operator and recently disclosed its first quarter 2015 financial results with revenue for the quarter increased to $9.68 billion, compared the revenue of $8.83 billion in the same quarter of the previous year. HCA Holdings Inc (NYSE:HCA)’s first-quarter net income increased to $591.00 million in 2015 from $347.00 million in 2014. The stock advanced by 12.24% year-to-date and by 59.26% in the last 12 months. The aging population is increasing and healthcare is one of the fastest-growing sectors with projected annual spending growth rate of 8% until 2021. HCA is planning to spend $7.70 billion for capacity expansion over the next three years to increase its market share in this growing sector. Stephen Mandel’s Lone Pine Capital and Larry Robbins’ Glenview Capital are other hedge funds that have large positions in HCA Holdings Inc (NYSE:HCA), which contain 5.84 million shares and 5.18 million shares respectively.
Priceline Group Inc (NASDAQ:PCLN) comes in at number three overall in the equity portfolio of the investment manager, who owns 307,974 shares valued at $358.53 million for the reporting period. The Online Reservation Company, which owns three major brands including Booking.com, priceline.com and Agoda.com, has a market cap of $63.25 billion and sports a P/E of 26.48. Priceline Group Inc (NASDAQ:PCLN) recently completed acquisition of PriceMatch which provides user experience data for hotels. Will Snellings’ Marianas Fund Management and Scott Fine and Peter Richards’ Empire Capital Management have initiated new positions in Priceline Group Inc (NASDAQ:PCLN) during the first quarter of 2015.
Goodyear Tire & Rubber Co (NASDAQ:GT) is the fourth-largest stock in Tepper’s equity portfolio. Tepper held 9.99 million shares of the company valued at $270.46 million at the end of first quarter. Tepper increased his position in Goodyear Tire & Rubber Co (NASDAQ:GT) to 22 million shares by purchasing 6.77 million shares during the second quarter of 2013 when the stock was trading between $12.14 and $15.29. He has been unloading his stake since then. Richard Mcguire’s Marcato Capital Management has the largest position in Goodyear Tire & Rubber Co (NASDAQ:GT) with his investment of 10.28 million shares.
United Continental Holdings Inc (NYSE:UAL) is the final pick of Tepper, whose position in the air transport services provider contains 3.97 million shares with a market value of $266.88 million. David Tepper trimmed his position in United Continental Holdings Inc (NYSE:UAL) by 20% during the first quarter. This reduction in the position was a timely move when the stock’s last month loss of 12.6% is considered. Southwest Airlines Co (NYSE:LUV) announced on Tuesday that it is expecting a 3% decline in its passenger revenue per available seat mile in second quarter of 2015 compared to the same quarter in 2014. The announcement send stocks of many major airliners down, including United Continental Holdings Inc (NYSE:UAL) which lost 10.31% on Wednesday. Thomas Claugus’ GMT Capital and Daniel Och’s OZ Management are other major shareholders of the company.
Disclosure: None
