Brazilian Billionaire Jorge Paulo Lemann Cashes in on Energy Bets

#2 Exxon Mobil Corporation (NYSE:XOM)

 – Shares Owned by 3G Capital (as of December 31): 1 million

 – Value of Holding (as of December 31): $78 million

Moving on, 3G Capital not only initiated a stake in Exxon Mobil Corporation (NYSE:XOM) during the fourth quarter, but also made the company its largest energy holding at the beginning of 2016. Jim Simons‘ Renaissance Technologies also initiated a stake in the company during the same period by purchasing 1.31 million shares. Shares of Exxon Mobil Corporation (NYSE:XOM) appreciated by 8.2% during the first three months of 2016, but, like last November, are finding it hard to break above the $85 mark. The company is expected to report its first–quarter earnings by the end of this month and the consensus among analysts include EPS of $0.33 on revenue of $47.50 billion, significantly below the EPS of $1.17 on revenue of $67.60 billion it had reported for the same quarter last year. On April 6, a massive fire broke out at the company’s refinery in Baytown, Texas. However, the fire has been extinguished and no loss of life or injuries have been reported as of yet. Exxon Mobil Corporation has also announced that the production won’t be curtailed at the facility, which is the second-largest refinery in the United States.

#1 Time Warner Cable Inc (NYSE:TWC)

 – Shares Owned by 3G Capital (as of December 31): 1.54 million

 – Value of Holding (as of December 31): $286.71 million

3G Capital brought down its stake in Time Warner Cable Inc (NYSE:TWC) by 1% and the company represented its largest equity holding heading into 2016. Shares of Time Warner Cable Inc (NYSE:TWC) have appreciated by 35% since Charter Communications, Inc. (NASDAQ:CHTR) announced its plans to merge with the company for $56 billion last May and ended the first quarter up by 10.65%. While shareholders of both the companies and most U.S. states have approved the Charter – TWC merger, the Federal Communications Commission, which was expected to decide on the merger last month, is yet to approve the deal. According to recent reports, Charter Communications, Inc. (NASDAQ:CHTR) has upped its price for the deal after taking into account the appreciation in its stock over the past few weeks. Amid a continuous rise in cord-cutting, Time Warner Cable added 54,000 subscribers in the fourth quarter of 2015, which analysts are viewing as a major positive development for the company along with the growth displayed by its data business. John Paulson‘s Paulson & Co. reduced its stake in Time Warner Cable Inc by 28% to 5.87 million shares during the fourth quarter.

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