Melco Crown Entertainment Ltd (ADR) (MPEL), Williams Companies, Inc. (WMB): Here’s What This Annual 20% Gainer Has Been Buying

Caxton reduced its stake in lots of companies, including Regions Financial Corporation (NYSE:RF). The bank is attractive on many counts. It’s repaid its TARP obligation, is posting improving net interest margin and asset quality, and has a powerful presence in the growing Southeast region. Its recent quarter featured a swing from a big loss to a big gain, among other achievements, and a recent stress test revealed improvement in its financial condition, with dividend hikes on the way.

Finally, Caxton Associates’ biggest closed positions included the SPDR Select Sector Energy ETF and calls on Best Buy Co., Inc. (NYSE:BBY). Other closed positions of interest include Companhia Siderurgica Nacional (ADR) (NYSE:SID), a massive steel company based in Brazil. Analysts at Zacks have maintained a neutral rating on the stock, worried about its rising costs, along with weakness in Europe and a slowing growth rate in China. My colleague Rich Duprey is more bullish, though, noting an uptick in the Chinese economy and a U.S. housing recovery, both of which can spur demand.

We should never blindly copy any investor’s moves, no matter how talented the investor. But it can be useful to keep an eye on what smart folks are doing. 13-F forms can be great places to find intriguing candidates for our portfolios.

The article Here’s What This Annual 20% Gainer Has Been Buying originally appeared on Fool.com.

Longtime Fool contributor Selena Maranjian, whom you can follow on Twitter, has no position in any stocks mentioned, and neither does The Motley Fool.

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