Eidelman Virant Capital is an equity portfolio management firm with over 25 years of experience, serving both institutions and individuals. The firm’s goal is to maximize risk-adjusted portfolio investment returns for its customers by using a unique investment philosophy. The firm submitted its SEC 13F filing on October 30, 2014, for the quarter ended September 30, 2014. According to the filing, the firm’s top three investments are Micron Technology, Inc. (NASDAQ:MU), Telephone & Data Systems, Inc. (NYSE:TDI), and Red Lion Hotels Corporation (NYSE:RLH).
Micron Technology, Inc. (NASDAQ:MU) came out as the topmost investment of Eidelman Virant Capital in its third quarter with an investment worth $15.3 million. This is an American company that produces semiconductor devices such as flash memory, SSDs, SDRAM, and more. It has several subsidiaries operating under different names, including Elpida Memory, Numonyx, Lexar Media, Inc, and Micron Japan, Ltd. The biggest institutional shareholder of the company is Vanguard Group, Inc., followed by Baupost Group LLC. The company’s revenue for the fourth quarter of 2014 stood at $4.23 billion, which is 49% higher than the same quarter last year.
Telephone & Data Systems, Inc. (NYSE:TDI) came forth as the second largest investment of Eidelman Virant Capital with an investment worth $9.8 million. This is a Chicago-based telecommunications company, supplying more than U.S. households with wireless connections, telephone services, video services and broadband services. Some of the company’s main shareholders are State Street Corp, Vanguard Group, Inc., Capital Research Global Investors, and Gamco Investors, Inc. Et Al.The four companies command slightly more than 20% combined. In September this year, the company acquired BendBroadband through its subsidiary TDS Telecom.
Red Lion Hotels Corporation (NYSE:RLH) was the third biggest investment of Eidelman Virant Capital for its third quarter with a total investment of $5.8 million. This is a hospitality company that owns several hotels. The company also franchises under its big brands namely Red Lion Hotels, Red Lion Inns & Suites, and Leo Hotel Collection. The company has been focusing on expanding its franchise business across the U.S. Towards that objective, the company expanded its franchise development team in June this year to accelerate such expansion plans.
This article has been written by Victor Ochieng.