RiverPark Advisors, LLC is a privately owned investment management and advisory firm founded in 2009. The firm is mainly owned by employees whose stake account for 84% of the firm. RiverPark Advisors, LLC, forwarded its SEC 13F Filings on November 4, 2014, for the quarter ended September 30, 2014. The Blackstone Group L.P. (NYSE:BX), Realogy Holdings Corp (NYSE:RLGY), and Discovery Communications Inc. (NASDAQ:DISCA) emerged as the top three investments of the company.
The Blackstone Group L.P. (NYSE:BX) came at the top of RiverPark Advisors, LLC, investments with an investment valued at $11.9 million. The Blackstone Group L.P. (NYSE:BX) is a multinational alternative asset management and financial advisory services provider based in New York City. The company manages assets for real estate funds, proprietary hedge funds, and corporate private equity funds, among others. The firm’s third quarter profits were up 46%, registering $251 million in profit, compared to $171 million registered in same period the previous year. Although the company’s profit was lower than expected, the firm has said it will look to put into good use the $42.4 billion it has in undrawn investor capital to even get better results in fourth quarter.
Realogy Holdings Corp (NYSE:RLGY) was the second investment of the firm for the third quarter with an investment worth $10.3 million. Realogy Holdings Corp (NYSE:RLGY) is a multinational residential real estate franchiser with several businesses operating under its franchise. Realogy Holdings Corp (NYSE:RLGY) also offers relocation and title services. The firm has recently earned a consensus “buy” rating from a group of ten analysts who are currently analyzing the stock. Realogy Holdings Corp (NYSE:RLGY) also has an average target price of $47.30 for the coming one year.
Discovery Communications Inc. (NASDAQ:DISCA) emerged the third highest investment of RiverPark Advisors, LLC, with an investment totaling to $6.5 million. Discovery Communications Inc. (NASDAQ:DISCA) is a global digital media company that provides non-fiction entertainment. Most of the company’s television programs are educational, including creating educational programs on consumer products. The stock has recently gone down 24%, but this has instead led to a lot of buying by investors who understand how profitable the digital industry is. Some of the top shareholders of Discovery Communications Inc. (NASDAQ:DISCA) are Jackson Square Partners, LLC, State Street Corp, and BlackRock Fund Advisors.
This article has been written by Victor Ochieng.