Caxton Associates Plans To Extend Gains With These Top Picks

#3 Molson Coors Brewing Company (NYSE:TAP)

Shares held (as of September 30): 822,000

Total Value (as of September 30): $68.24 million

During the last quarter, Caxton upped its stake in the $17.06 billion brewer by 14%. Molson Coors Brewing Company (NYSE:TAP)’s stock price has appreciated by over 23% in the last 12 months, which is significantly higher than the 12.5% gains posted by the beverages-brewers industry during the same period. Societe Generale upgraded the company to ‘Buy’ from ‘Hold’ in late September. Mason Capital Management, which is led by Kenneth Mario Garschina is the largest stockholder of Molson Coors Brewing Company (NYSE:TAP) within our database, holding nearly 3.55 million shares.

#2 Bank of America Corp (NYSE:BAC)

Shares held (as of September 30): 7.65 million

Total Value (as of September 30): $119.25 million

Caxton upped its Bank of America position by 4% during the third quarter. Hedge funds have generally been bullish on the $182 billion bank holding company. Among over 700 funds that we track, a total of 108 had long positions worth $6.45 billion in the company at the end of September, compared to 95 firms with $7.73 billion in stakes at the end of June. Bank of America Corp (NYSE:BAC) has recently been accused in a class action lawsuit along with nine other banks and two trading platforms that it conspired to limit competition in the US$320 trillion market for interest rate swaps. Ken Fisher‘s Fisher Asset Management held nearly 42.70 million shares of Bank of America Corp (NYSE:BAC) at the end of September.

#1 Monster Beverage Corporation (NASDAQ:MNST)

Shares held (as of September 30): 1.17 million

Total Value (as of September 30): $157.61 million

During the July-to-September trimester, Caxton acquired some 1.15 million shares of Monster Beverage Corporation (NASDAQ:MNST). Over the last 12 months the company’s stock price has accelerated by more than 23%, compared to the 4.31% gains posted by the non-alcoholic beverages industry. Monster’s third quarter EPS of $0.84 managed to beat analyst estimates by $0.03 while its quarterly revenue of $756.62 million also beat estimates, by $19.69 million. Broadwood Capital, which is led by Neal C. Bradsher holds about 1.60 million shares of Monster Beverage Corporation (NASDAQ:MNST).

Disclosure: None