US airlines and housebuilders were among the stocks on Crispin Odey's buy list in the first quarter as the hedge fund star looks to tap into the US economic recovery.
New additions to Odey Asset Management's portfolios in Q1 included Delta Airlines, United Continental Holdings, Navistar International Corporation and Ryland Group, according to an SEC filing. The new holdings have already begun to pay off; for example, Delta Airlines has seen its share price rise from $12 at the start of the year to trade at $19. Odey has also boosted positions in Bank of America, Avis Budget Group, First America Financial Corporation and Swift Transportation. Shares which were sold included Logitech International, Deutsche Bank and United Health Group, while hold...
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