Craig Vendor Molen and Russ Leonard established LVM Capital Management Ltd in 1998 and it became a full-fledged wealth management firm in 2001. The fund has a 13F portfolio value of $304 million, as per its recent SEC 13F filing, with its top 10 holdings forming 38.71% of its overall portfolio. Apple Inc. (NASDAQ:AAPL), Tortoise Energy Infrastructure Corp. (NYSE:TYG), AT&T Inc. (NYSE:T) are the top three stock holdings of LVM Capital Management Ltd.
Apple Inc. (NASDAQ:AAPL) is the largest holding of LVM Capital Management Ltd. with 165,914 shares worth $16.7 million. Apple Inc. (NASDAQ:AAPL) announced net revenue of $37.4 billion for the third quarter 2014 and its net profit rose to $7.7 billion. Icahn Capital LP is the largest investor in Apple Inc (NASDAQ:AAPL) with investments worth $4.9 billion followed by Soroban Capital Partners ($2.46 billion) and Citadel Investment Group ($1.61 billion).
Tortoise Energy Infrastructure Corp. (NYSE:TYG) comes at number second in LVM Capital Management Ltd’s portfolio with investments worth $13.72 million and 285,251 shares. It forms 4.51% of LVM Capital Management Ltd’s fund with addition 4% shares added in the quarter ending on September 30, 2014. Tortoise Energy Infrastructure Corp. (NYSE:TYG) provided unaudited balance sheet information along with asset coverage ratio update highlighting total assets worth $4.6 billion and unaudited net asset value of $2.6 billion.
AT&T Inc. (NYSE:T) is the third largest stock holding of LVM Capital Management Ltd with 380,045 shares worth $13.39 million. AT&T Inc. (NYSE:T) reported net revenues of $32.6 billion for second quarter 2014 with diluted earnings per share of $0.68. The company added over 2 million wireless and wireline high-speed broadband connections during the quarter. Some of the major investors of AT&T Inc. (NYSE:T) include Mason Capital Management ($220 million), Adage Capital Management ($195 million), and Aqr Capital Management ($169 million).
This article has been written by Prakash Pandey and edited by Serkan Unal.