Below is a spreadsheet that shows changes to Wilbur Ross's US long
portfolio as of Q1 2013. To see how his portfolio has progressed, click on our previous update:
Below is a summary of Wilbur Ross's activity this quarter:
a) Air Lease Corporation (AL), an 8.54% stake established in 2011 when the company IPOed with his backing was disposed of this quarter. The disposal indicates a clear bullish bias.
b) The huge 21.12% BankUnited (BKU) stake established in 2011 through an LBO/recapitalization/IPO was reduced by 40% this quarter. The stake reduction indicates a mild bearish bias.
Below is a summary of Wilbur Ross's activity this quarter:
a) Air Lease Corporation (AL), an 8.54% stake established in 2011 when the company IPOed with his backing was disposed of this quarter. The disposal indicates a clear bullish bias.
b) The huge 21.12% BankUnited (BKU) stake established in 2011 through an LBO/recapitalization/IPO was reduced by 40% this quarter. The stake reduction indicates a mild bearish bias.
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