Seminole Management Loaded Up On These 5 Stocks in Q2

#3. Total SA (ADR) (NYSE:TOT)

 – Shares Owned by Seminole Management Company (as of June 30): 983,884

 – Value of Seminole Management Company’s Holding (as of June 30): $47.33 Million

The investment firm co-founded by Michael Messner and Paul Shiverick increased its exposure to Total SA (ADR) (NYSE:TOT) by 906,274 ADS’s during the April-to-June period, ending the second quarter with 983,884 ADS’s of Total SA. The international oil and gas company, which is active in new energy sources such as solar energy and biomass, has seen its market capitalization increase by 4% since the start of the year. In early May, the company agreed to acquire Saft Groupe SA, the French designer and manufacturer of batteries for industrial and defense applications, as part of its strategy to diversify away from the volatile crude oil industry. Total SA’s second quarter profit plunged by 30% year-over-year to $2.09 billion, while revenue fell by 17% to $37.22 billion. Steve Cohen’s Point72 Asset Management had 78,950 ADS’s of Total SA (ADR) (NYSE:TOT) among its holdings at the end of March.

#2. American Express Company (NYSE:AXP)

 – Shares Owned by Seminole Management Company (as of June 30): 979,995

 – Value of Seminole Management Company’s Holding (as of June 30): $59.54 Million

Seminole Management Company lifted its stake in American Express Company (NYSE:AXP) by 35% during the three-month period ended June 30, to 979,995 shares valued at just under $60 million. Just recently, analysts at BMO Capital Markets cut their price target on the credit card specialist to $73 from $76 and maintained their ‘Market Perform’ rating on it, citing increased investment spending in the second-half of 2016 on marketing and technology, which is anticipated to put downward pressure on the company’s bottom-line over the next few years. June 19 was the last day that Costco Wholesale Corporation (NASDAQ:COST) accepted American Express credit cards, as the warehouse club’s 16-year exclusive relationship with American Express came to an end, being replaced by a favorable deal with Visa Inc (NYSE:V) and Citigroup Inc. (NYSE:C). Roughly 10% of American Express cards were co-branded with Costco. American Express shares are down by 7% year-to-date. Ken Fisher’s Fisher Asset Management owns 11.73 million shares of American Express Company (NYSE:AXP) as of June 30.

#1. Vodafone Group Plc (ADR) (NASDAQ:VOD)

 – Shares Owned by Seminole Management Company (as of June 30): 2.41 Million

 – Value of Seminole Management Company’s Holding (as of June 30): $74.59 Million

Vodafone Group Plc (ADR) (NASDAQ:VOD) was the largest position in the New York-based asset manager’s pool of holdings at the end of June, accounting for 7.6% of the value of the fund’s equity portfolio. Seminole Management boosted its Vodafone position by 1.70 million ADS’s during the second quarter to 2.41 million ADS’s, with the upped position being valued at $74.59 million on June 30.

In February, the British telecommunications giant and cable giant Liberty Global plc (NASDAQ:LBTYA) agreed to combine their Dutch businesses to better compete with Dutch market leader Royal KPN NV. Just recently, the two companies offered concessions in an attempt to secure EU antitrust approval for that previously-announced plan to merge their Dutch telecom operations. Vodafone’s organic service revenue for the quarter that ended June 30 grew by 2.2% year-over-year to $13.6 billion, reflecting excellent performance in South Africa, Turkey, and Egypt, and ongoing recovery in India. David Einhorn’s Greenlight Capital had 1.02 million ADS’s of Vodafone Group Plc (ADR) (NASDAQ:VOD) among its holdings at the end of the first quarter.

Disclosure: None