Ford Motor Company (F), Melco Crown Entertainment Ltd (ADR) (MPEL) and General Motors Company (GM): Moon Capital’s Top Holdings

Ford Motor Company (F)

Ford Motor Company (NYSE:F), Melco Crown Entertainment Ltd (ADR) (NASDAQ:MPEL) and General Motors Company (NYSE:GM) are among the top three holdings of Moon Capital Management LLP, as per their recent 13F SEC filing. John W. Moon is the manager of the fund and the fund has a 13F portfolio of $175.8 million. (You can see complete list of Moon Capital’s holdings).

Ford Motor Company (NYSE:F) is the largest holding of Moon Capital with 1,529,924 shares and an investment of $26 million. Ford Motor Company (NYSE:F) constitutes 15% of Moon Capital’s 13F portfolio. Ford registered $2.6 billion in pre-tax profit for the second quarter 2014 with net income of $1.3 billion or $0.32 per share. It was the 17th consecutive profitable quarter for Ford Motor Company (NYSE:F) with automotive cash flow of $2.6 billion.

Ford Motor Company (F)

Melco Crown Entertainment Ltd (ADR) (NASDAQ:MPEL) is the second largest holding of Moon Capital with 677,517 shares with a current market value of $24 million. It makes 13.76% of Moon Capital’s portfolio and the company reported net revenue of $1.2 billion for the second quarter 2014. Net GAAP income for the quarter was $143.6 million and $313.6 million in adjusted property EBITDA.

Moon Capital Management has General Motors Company (NYSE:GM) as its third largest holding with 483,041 shares with a market value of $17 million. It makes 9.97% of Moon Capital’s portfolio. General Motors Company (NYSE:GM) registered net revenue of $39.6 billion for the second quarter of 2014 and $77 billion for the first six months of 2014. Net income attributed to common stockholders was $0.2 billion as compared to $1.2 billion in the same period last year. It announced $0.4 billion for the ignition switch compensation program.

This article has been written by Prakash Pandey and edited by Serkan Unal.

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