Gamco Investors Top Picks: DIRECTV (DTV), American Express Company (AXP) & More

In the current round of 13F filings, hedge funds and other institutional investors are disclosing their equity portfolios as held at the end of the last year. Mario Gabelli’s Gamco Investors, in its latest 13F, revealed its holdings in its equity portfolio for the fourth quarter of last year.


Mario Gabelli


According to the filing with the Securities and Exchange Commission, the value of the equity portfolio increased to $18.65 billion from $17.02 billion in the previous quarter.

We have picked the five largest holdings from the Gamco Investors’ equity portfolio, in terms of value, as at the end of last year.

The first on the list is DIRECTV (NASDAQ:DTV), where the fund owned 4.53 million shares. The value of the stake amounts to around $313.37 million.

The next is American Express Company (NYSE:AXP) in which the fund disclosed a $309.10 million stake, which contains about 3.40 million shares of the company. American Express Company (NYSE:AXP) is a global services company and provides customers with access to products, insights and experiences that enrich lives and build business success.

American Express Company (NYSE:AXP) reported fourth-quarter net income of $1.3 billion, up from $637 million a year ago. Excluding expenses associated with the merchant litigation settlement agreement announced in late December, the company’s fourth-quarter adjusted net income was $1.3 billion, or $1.25 per share.

Viacom Inc. (NASDAQ:VIAB) is the third largest holding, which amasses 3.46 million class A shares, with a reported value of about $304.42 million.

In Flowserve Corporation (NYSE:FLS), the fund disclosed the fourth largest holding, which amasses 2.98 million shares, with a reported value of about $235.53 million. Flowserve Corporation (NYSE:FLS), a provider of flow control products and services for the global infrastructure markets, announced its initial 2014 EPS target range of $3.65 to $4.00 per share on expected constant currency revenue growth of 3% to 6%. The guidance assumes a tax rate of 30%, year-end 2013 foreign currency levels and a continuation of the company's announced capital allocation policy.

The fifth on the list is Legg Mason Inc. (NYSE:LM) in which disclosed ownership of 5.26 million shares, with a reported value of about $228.80 million.

Disclosure: none

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