American International Group Inc (AIG), Williams Partners LP (WPZ) and Enterprise Products Partners L.P. (EPD): Starr International’s Prominent Holdings

Starr International Co Inc reported in its latest 13F filing that its equity portfolio decreased slightly to $1.04 billion in 1Q2015 from $1.07 billion in 4Q2014. The fund made various reforms in its portfolio mix during 1Q, whereby it initiated a fresh position Sunoco Logistics Partners L.P. (NYSE:SXL).

In other trades and portfolio adjustment, Starr International reduced exposure to one stock during 1Q and increased holding in five stocks in the quarter. The fund’s top 10 holdings account for 95.86% of its portfolio, which leans heavily towards Finance sector. Starr also has interest in Energy and Healthcare sectors.

Here is a closer look at how Starr International shuffled positions in its top largest holdings during 1Q.

Starr trims holding in AIG

Starr International deemed it wise to ever so slightly narrow its exposure to insurance giant American International Group Inc (NYSE:AIG) during 1Q2015. The fund owned 15.43 million shares in the company at the end of 1Q, representing a slight decrease from 15.44 million shares at the end of 4Q. The new position in AIG was valued at $846 million at the end of 1Q, lower than $865 million in the previous filing.

Starr shows confidence in Williams Partners (WPZ)

Starr International increased its holding in Williams Partners LP (NYSE:WPZ) significantly during 1Q. The fund held 232,262 shares valued at $11.4 million in the company at the end of the quarter. That compared to 170,000 shares worth $7.6 million at the end of 4Q.

Williams Partners LP (NYSE:WPZ)’s EPS and revenue in the most recent quarter missed the consensus estimate, coming in at $0.09 and $1.71 billion, respectively. Wall Street expected EPS of $0.16 on revenue of $1.73 billion.

Starr bumps holding in Enterprise Products Partners (EPD)

Starr International made a slight positive move in Enterprise Products Partners L.P. (NYSE:EPD) during 1Q, raising its holding in the company to 310,000 shares worth $10.2 million from 300,000 shares valued at $10.8 million in the previous report.

Neha Gupta

Neha Gupta has been in the financial space for over six years now. Gupta earned her MBA degree from Symbiosis Centre of Distance Learning in 2009 and her passion for finance led her to pursue Chartered Financial Analyst (CFA) course. She has successfully completed Level II of her CFA. She is a veteran in article writing, which is depicted in her numerous pieces published on SeekingAlpha, Nextiphonenews, InsiderMonkey, MarketWatch, and Techinsider. Her crisp and eloquent writing finds its best place in Researchcows, where emphasis is given on developing rich content for various websites, products, business plans, trainings, and book writing.

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