Tom Gayner’s Top 5 Small-Cap Values: W.P. Carey Inc. REIT (WPC), Federated Investors Inc (FII)

Colfax Corp (NYSE:CFX), a manufacturing and engineering company that operates under the Howden and ESAB brand names, lays claim to about $40 million of Gayner’s assets. He bumped up his position by about 30% relative to his previous 13F filing, piling into the impressive run-up that CFX had going into the end of the year (nearly 30% for the latter half of 2012). CFX may need to cool its jets for the next few months, as analyst are expecting future value a year out to be less than current prices. Blue Ridge Capital, a $6 billion fund headed up by John Griffin, has almost $200 million invested in CFX
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International Game Technology (NYSE:IGT) rounds out our list of Tom Gayner’s main small-cap holdings. The $4 billion company designs and develops multiple gaming applications including casino machines and mobile applications. Forward price-to-earnings shows strength, as does IGT’s recent earnings announcement in January; both revenue and earnings growth were positive compared to the same quarter last year. The outlook for 2013 is optimistic, with most analysts recommending a buy or hold, weighing in to give the stock a one year mean price target of $17.20. John Rogers of Ariel Investments has nearly ten million shares under his ownership.

Disclosure: I have no positions in any of the stocks mentioned above