In the latest 13F filing, Neon Liberty Capital Management, led by Satyen Mehta, disclosed its three best stock picks. Fund unveiled Copa Holdings, S.A. (NYSE:CPA), Turkcell Iletisim Hizmetleri A.S. (ADR) (NYSE:TKC) and Petrobras Argentina SA ADR (NYSE:PZE) in its top three positions. Neon Liberty Capital Management narrowed its equity portfolio value in the third quarter of 2014 such that it closed the quarter with slightly more than $88.8 million. It had more than $95.7 million in portfolio value at the end of the second quarter of 2014.
Neon Liberty Capital Management’s largest equity stake as of the end of the third quarter of 2014 was Copa Holdings, S.A. (NYSE:CPA). It owned more 270.7 million shares in the company, which remained unchanged from the previous filing. The position in Copa Holdings, S.A. (NYSE:CPA) was valued at slightly over $29 million in the latest filing.
Copa Holdings, S.A. (NYSE:CPA) is also a large position in the portfolio of Altimeter Capital Management, led by Brad Gerstner. The fund held 232,555 shares in the company at the end of the second quarter of 2014. Altimeter Capital Management increased its exposure to the stock by 53% during the quarter.
Neon Liberty Capital Management initiated a position in Turkcell Iletisim Hizmetleri A.S. (ADR) (NYSE:TKC) in the third quarter of 2014. It acquired more than 1 million shares of the company with an estimated value of $13.5 million in the latest report.
Platinum Asset Management, run by Kerr Neilson, also counts Turkcell Iletisim Hizmetleri A.S. (ADR) (NYSE:TKC) among its largest equity positions. It held 303,000 shares in the company at the end of the second quarter of 2014.
Petrobras Argentina SA ADR (NYSE:PZE) closed the list of Neon Liberty Capital Management’s top three best equities in the latest filing. The fund owned a little over 1.9 million shares in Petrobras Argentina SA ADR (NYSE:PZE). That equity position remained unchanged from the second quarter of 2014 but was valued above $12.6 million in the recent filing.
Petrobras Argentina SA ADR (NYSE:PZE) is a large equity position in the portfolio of Redwood Capital Management, run by Jonathan Kolatch. The fund owned 203,300 shares in the company at the close of the second quarter of 2014.
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