Time Warner Cable Inc (TWC), DirecTV (DTV) and Tribune Publishing Co (TPUB): Angelo Gordon & Company’s Top 3 Media Picks

The equity portfolio of Angelo Gordon & Company decreased to $1.75 billion in 1Q2015 compared to $1.79 billion in 4Q2014.

The fund was very active in 1Q as it took the opportunity in the quarter to carry out various reforms in its portfolio mix. Angelo Gordon initiated fresh positions in a whopping 22 stocks during 1Q and sold out of 24 other stocks during the quarter.

In other measures, Angelo Gordon boosted stakes in six stocks and reduced positions in some 16 stocks.

At the end of the day, Angelo Gordon had its largest interest in terms of sectors in Consumer Discretionary, which accounts for 52% of its portfolio. The fund also has substantial exposure to Healthcare, Technology and Finance sectors.

Here is a closer look at Angelo Gordon’s best media picks by dollar value.

Angelo Gordon sold off some shares in Time Warner Cable Inc (NYSE:TWC) during 1Q. As such, the fund held 405,000 shares in the company at the end of the quarter compared to 450,000 at the end of the previous quarter. The new stake in Time Warner Cable was valued at $60.7 million. The previous stake was worth $68.4 million.

Angelo Gordon neither increased nor decreased its holding in DirecTV (NASDAQ:DTV) during 1Q. The fund maintained a position of 700,000 shares in the company at the end of 1Q same as at the end of 4Q2014. However, the financial value of the investment in DTV declined to $59.6 million from $60.6 million in the previous report.

Angelo Gordon decided to offload some shares in Tribune Publishing Co (NYSE:TPUB) during 1Q2015 that it held a little over 2 million shares in the company at the end of the quarter. The stake was worth about $39 million. The previous stake was 2.24 million shares valued at $51.4 million

Angelo Gordon deleted Allergan, Inc. (NYSE:AGN), Quad/Graphics, Inc. (NYSE:QUAD) and Covidien plc (NYSE:COV) among others from its portfolio in 1Q.

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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