General Growth Properties Inc (GGP), Brookfield Property Partners LP (BPY) and American Tower Corp (AMT): Brookfield Asset Management’s Top 3 Best Stock Picks


Brookfield Asset Management Inc. (USA) (NYSE:BAM) took the opportunity in the first quarter of 2015 to bring about what it considered desirable changes to its portfolio mix. The fund made a whopping 73 fresh acquisitions and sold out of a total of 42 stocks during the quarter. But that was just the tip of the iceberg.

Brookfield Asset Management Inc. (USA) (NYSE:BAM) increased holdings in 71 stocks that were already in its basket and reduced stakes in another 39 stocks. At the end of the day, the value of the fund’s equity portfolio decreased to $18.8 billion in quarter one, from $20.8 billion in the fourth quarter of 2014.

In terms of sectors, Brookfield Asset Management loves Finance stocks, which account for 76% of its portfolio. The fund also has substantial exposure to Energy, Consumer Discretionary and Utility sectors.

Here is a brief look at Brookfield Asset Management’s top-three largest equity stakes by dollar value at the end of the first quarter.

Brookfield Asset Management held 299.5 million shares worth $8.9 billion in General Growth Properties Inc (NYSE:GGP) at the end of quarter one. The fund reduced its holding in GGP during the first quarter because its previous stake in the stock was 311.1 million shares, valued at $8.7 billion at the end of quarter four.

Brookfield Asset Management neither increased nor decreased its stock holding in Brookfield Property Partners LP (NYSE:BPY) during the first quarter. The fund owned 45.2 million shares in the company at the end of the quarter, same as at the end of quarter four. The financial valued of the investment also remained unchanged between the first quarter and the fourth quarter of 2014, staying above $1 billion.

The stake in American Tower Corp (NYSE:AMT) increased to 6.5 million shares in quarter one, up from 5.1 million shares in the previous quarter. The dollar value of the investment also rose to more than $612 million, from about $505.6 million.

Sold out

Brookfield Asset Management deleted 42 stocks from its portfolio with Brookfield Residential Properties Inc (NYSE:BRP), Brookfield Renewable Energy Partners LP (NYSE:BEP) and ONEOK, Inc. (NYSE:OKE) bearing the brunt.

New buys

Brookfield Asset Management’s largest fresh positions during the first quarter were in Prologis Inc (NYSE:PLD), Northstar Realty Finance Corp (NYSE:NRF) and Washington Prime Group Inc (NYSE:WPG).

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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