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Atalanta/Sosnoff Capital Corporation is an investment manager providing services to institutional clients such as corporations, public retirement plans, government entities, endowments, charitable and religious organizations, and individuals. It has about $11 billion of assets under management and invests in both equity and fixed income. US investment bank Evercore Partners acquired a 49% stake in Atalanta Sosnoff in 2010, but control of the firm remained in the hands of founder and CEO Martin Sosnoff.

Equity Investment Strategy: Atalanta/Sosnoff Capital invests in the companies which are entering into a cycle of accelerating earnings whereby the rate of growth in earnings going forward (12-24 months) is greater than in its past. Thus, tracking the picks of Atalanta Sosnoff Capital can be helpful for medium term investors. The following is a list of its top 15 buys by market value in the last quarter, as released in their most recent 13F filing with the SEC.

Stock

Symbol

Shares held as of 31 March 2011

ConocoPhillips

(NYSE:COP)

2415152

CSX Corp.

(NYSE:CSX)

1075234

Citigroup, Inc.

(NYSE:C)

2187771

Qualcomm Incorporated

(NASDAQ:QCOM)

862938

Apache Corp.

(NYSE:APA)

4084044

Baidu, Inc.

(NASDAQ:BIDU)

710885

Exxon Mobil corp.

(NYSE:XOM)

2159933

BHP Billiton ltd.

(NYSE:BHP)

1268486

Wellpoint inc.

(NYSE:WLP)

1397748

Rio Tinto Plc

(NYSE:RIO)

3105813

Pfizer Inc.

(NYSE:PFE)

1024984

Goodrich Corp.

(NYSE:GR)

1230038

Metlife, Inc.

(NYSE:MET)

5569510

General Motors Company common stock

(NYSE:GM)

5448891

Walt Disney co.

(NYSE:DIS)

1575052

Here are some of the specifics about these companies, including a brief description of their business, growth rates (topline and bottomline) and valuation:

ConocoPhillips

ASCC purchased 3,195,986 shares of ConocoPhillips last quarter and now holds a total of 3,219,356 shares. This position is 2.56% of their portfolio.

ConocoPhillips is an international, integrated energy company. It operates in six segments: Exploration and Production (E&P), Midstream, Refining and Marketing (R&M), LUKOIL Investment, Chemicals and Emerging Businesses. Its EPS forecast for the current year is 8.15 and next year is 9.04. According to the consensus estimates, its top line is expected to grow 28.40% current year and 5.70% next year. It is trading at a forward P/E of 8.93. Out of 21 analysts covering the company, 10 are positive and have buy recommendations, 2 have sell recommendations and 9 have hold ratings.

CSX Corp.

ASCC purchased 3,015,302 shares of CSX Corp. last quarter. This position is 2.36% of their portfolio.

CSX Corporation is a transportation supplier. It provides rail-based transportation services, including rail service and the transport of intermodal containers and trailers. CSX’s principal operating company, CSX Transportation, Inc. (CSXT), provides a link to the transportation supply chain through its approximately 21,000 route mile rail network, which serves population centers in 23 states east of the Mississippi River, the District of Columbia, and the Canadian provinces of Ontario and Quebec.

Its EPS forecast for the current year is 5.13 and next year is 5.96. According to the consensus estimates, its top line is expected to grow 11.20% current year and 7.60% next year. It is trading at a forward P/E of 12.70. Out of 32 analysts covering the company, 24 are positive and have buy recommendations and 8 have hold ratings.

Citigroup

ASCC purchased 41,634,071 shares of Citigroup, Inc. last quarter and now holds a total of 43,011,283 shares. This position is 1.9% of their portfolio.

Citigroup Inc. is a globally diversified financial services holding company. Its businesses provide consumers, corporations, governments and institutions with a range of financial products and services. It operates two primary business segments: Citicorp, consisting of its Regional Consumer Banking (RCB) businesses and Institutional Clients Group (ICG), and Citi Holdings, consisting of its Brokerage and Asset Management (BAM), Local Consumer Lending (LCL), and Special Asset Pool (SAP).

Its EPS forecast for the current year is 0.42 and next year is 0.53. According to the consensus estimates, its top line is expected to decline 6.10% current year and grow 5.30% next year. It is trading at a forward P/E of 8.55. Out of 23 analysts covering the company, 13 are positive and have buy recommendations, 3 have sell recommendations and 7 have hold ratings.

Qualcomm Incorporated

ASCC purchased 3,006,369 shares of Qualcomm incorporated last quarter. This position is 1.64% of their portfolio.

QUALCOMM Incorporated designs, manufactures and markets digital wireless telecommunications products and services based on its code division multiple access (CDMA) technology and other technologies. It operates through four segments: Qualcomm CDMA Technologies (QCT); Qualcomm Technology Licensing (QTL); Qualcomm Wireless & Internet (QWI), and Qualcomm Strategic Initiatives (QSI). QCT is a developer and supplier of CDMA-based integrated circuits and system software for wireless voice and data communications, multimedia functions and global positioning system products.

Its EPS forecast for the current year is 3.10 and next year is 3.38. According to the consensus estimates, its top line is expected to grow 30.20% current year and 11.40% next year. It is trading at a forward P/E of 16.95. Out of 43 analysts covering the company, 34 are positive and have buy recommendations, 2 have sell recommendations and 7 have hold ratings.

Apache Corp.

ASCC purchased 1,224,014 shares of Apache Corp. last quarter. This position is 1.6% of their portfolio.

Apache Corporation is an independent energy company, which explores for, develops and produces natural gas, crude oil and natural gas liquids. Its EPS forecast for the current year is 11.60 and next year is 13.11. According to the consensus estimates, its top line is expected to grow 31.60% current year and 11.50% next year. It is trading at a forward P/E of 9.51. Out of 28 analysts covering the company, 22 are positive and have buy recommendations and 6 have hold ratings.

Baidu, Inc.

ASCC purchased 475,156 shares of Baidu, inc. last quarter and now holds a total of 1,728,819 shares. This position is now 2.38% of their portfolio.

Baidu, Inc. is a Chinese-language Internet search provider. It conducts its operations in China principally through Baidu Online Network Technology (Beijing) Co., Ltd., its wholly owned subsidiary in Beijing, China. It also conducts its operations in China through Baidu Netcom Science Technology Co., Ltd., which holds the licenses and approvals necessary to operate the Company’s Websites and provide online advertising services. Its EPS forecast for the current year is 2.54 and next year is 3.74.

According to the consensus estimates, its top line is expected to grow 62.20% current year and 48.20% next year. It is trading at a forward P/E of 41.21. Out of 27 analysts covering the company, 22 are positive and have buy recommendations, 3 have sell recommendations and 2 have hold ratings.

Exxon Mobil Corp.

ASCC purchased 1,257,960 shares of Exxon Mobil corp last quarter. This position is 1.06% of their portfolio.

Exxon Mobil Corporation is a manufacturer and marketer of commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics and a range of specialty products. It also has interests in electric power generation facilities. It has many divisions and hundreds of affiliates with names that include ExxonMobil, Exxon, Esso or Mobil. Divisions and affiliated companies of ExxonMobil operate or market products in the United States and other countries of the world.

Its EPS forecast for the current year is 8.34 and next year is 9.05. According to the consensus estimates, its top line is expected to grow 33.70% current year and 5.10% next year. It is trading at a forward P/E of 9.60. Out of 20 analysts covering the company, 8 are positive and have buy recommendations, 1 has a sell recommendation and 11 have hold ratings.

BHP Billiton Ltd.

ASCC purchased 1,089,471 shares of BHP Billiton Ltd. last quarter. This position is 1.04% of their portfolio.

BHP Billiton Limited is a diversified natural resources company. It operates nine customer sector groups (CSGs): petroleum, aluminum, base metals (including uranium), diamonds and specialty products, stainless steel materials, iron ore, manganese, metallurgical coal and energy coal.

Its EPS forecast for the current year is 6.64 and next year is 7.74. According to the consensus estimates, its top line is expected to grow 41.80% current year and 16.00% next year. It is trading at a forward P/E of 13.18. Out of 4 analysts covering the company, 3 are positive and have buy recommendations and 1 has a hold rating.

Wellpoint Inc.

ASCC purchased 1,468,294 shares of Wellpoint Inc. last quarter. This position is 1.02% of their portfolio.

Wellpoint, Inc. is a health benefits company in terms of medical membership in the United States. It offers a spectrum of managed care plans, which include preferred provider organizations (PPOs), health maintenance organizations (HMOs), point-of-service plans (POS) plans, traditional indemnity plans and other hybrid plans, including consumer-driven health plans (CDHPs), and hospital only and limited benefit products.

Its EPS forecast for the current year is 6.62 and next year is 7.34. According to the consensus estimates, its top line is expected to grow 2.10% current year and 4.40% next year. It is trading at a forward P/E of 9.96. Out of 26 analysts covering the company, 18 are positive and have buy recommendations and 8 have hold ratings.

Rio Tinto Plc

ASCC purchased 1,411,127 shares of Rio Tinto Plc last quarter. This position is 1% of their portfolio.

Rio Tinto Plc is an international business involved in each stage of metal and mineral production. It produces aluminum, copper, diamonds, coal, iron ore, uranium, gold and industrial minerals (borates, titanium dioxide, salt, talc and zircon). With production mainly from Australia and North America, the Company operates in more than 50 countries.

Its businesses include open pit and underground mines, mills, refineries and smelters, as well as a number of research and service facilities. Its EPS forecast for the current year is 9.76 and next year is 9.34. According to the consensus estimates, its top line is expected to grow 5.20% current year and 0% next year. It is trading at a forward P/E of 7.81. All 6 analysts covering the company have buy recommendations.

Pfizer Inc.

ASCC purchased 4,864,368 shares of Pfizer Inc last quarter. This position is 0.99% of their portfolio.

Pfizer Inc. is a research-based, global biopharmaceutical company. It operates in two segments: Biopharmaceutical and Diversified. Its EPS forecast for the current year is 2.24 and next year is 2.28. According to the consensus estimates, its top line is expected to decline 1.20% current year and 5.90% next year. It is trading at a forward P/E of 8.89. Out of 25 analysts covering the company, 20 are positive and have buy recommendations and 5 have hold ratings.

Goodrich Corp.

ASCC purchased 1,037,751 shares of Goodrich Corp. last quarter. This position is 0.89% of their portfolio.

Goodrich Corporation is a supplier of aerospace components, systems and services to the commercial and general aviation airplane markets. It is also a supplier of systems and products to the global defense and space markets. Its business is conducted globally with manufacturing, service and sales undertaken in various locations throughout the world. Its products and services are principally sold to customers in North America, Europe and Asia. It has three segments: Actuation and Landing Systems, Nacelles and Interior Systems, and Electronic Systems.

Its EPS forecast for the current year is 5.50 and next year is 6.32. According to the consensus estimates, its top line is expected to grow 12.10% current year and 9.60% next year. It is trading at a forward P/E of 13.89. Out of 25 analysts covering the company, 18 are positive and have buy recommendations, 1 has a sell recommendation and 6 have hold ratings.

Metlife, Inc.

ASCC purchased 1,931,076 shares of Metlife, Inc. last quarter and now holds a total of 6,782,949 shares. This position is now 3.03% of their portfolio.

MetLife, Inc. is a provider of insurance, annuities and employee benefit programs, serving 90 million customers in over 60 countries. Through its subsidiaries and affiliates, it operates in the United States (U.S), Japan, Latin America, Asia Pacific, Europe and the Middle East. It is organized into five segments: Insurance Products, Retirement Products, Corporate Benefit Funding and Auto & Home (collectively, U.S. Business) and International.

Its EPS forecast for the current year is 5.14 and next year is 5.78. According to the consensus estimates, its top line is expected to grow 22.00% current year and 5.60% next year. It is trading at a forward P/E of 7.75. Out of 20 analysts covering the company, 17 are positive and have buy recommendations and 3 have hold ratings.

General Motors Company

ASCC purchased 2,773,549 shares of General Motors Company common stock last quarter. This position is 0.86% of their portfolio.

General Motors Company is a global automotive company. It develops, produces and markets cars, trucks and parts worldwide. GM also provides automotive financing services through General Motors Financial Company, Inc. (GM Financial), formerly AmeriCredit Corp. (AmeriCredit). These financing operations consist principally of financing automobile purchases and leases for retail customers. It operates in five segments: GM North America (GMNA), GM Europe (GME), GM International Operations (GMIO), GM South America (GMSA) and GM Financial.

Its EPS forecast for the current year is 3.97 and next year is 5.06. According to the consensus estimates, its top line is expected to grow 6.40% current year and 8.70% next year. It is trading at a forward P/E of 6.15. Out of 20 analysts covering the company, 15 are positive and have buy recommendations, 1 has a sell recommendation and 4 have hold ratings.

Walt Disney Co.

ASCC purchased 1,019,152 shares of Walt Disney Co. last quarter and now holds 6,341,471 shares. This position is 2.72% of their portfolio.

The Walt Disney Company, together with its subsidiaries, is a diversified worldwide entertainment company. It operates in five segments: Media Networks, Parks and Resorts, Studio Entertainment, Consumer Products and Interactive Media. It has a 51% effective ownership interest in Disneyland Paris, a 5,510-acre development located in Marne-la-Vallee, approximately 20 miles east of Paris, France. It manages and has a 40% equity interest in Euro Disney S.C.A.

Its EPS forecast for the current year is 2.64 and next year is 3.03. According to the consensus estimates, its top line is expected to grow 7.90% current year and 6.30% next year. It is trading at a forward P/E of 15.62. Out of 27 analysts covering the company, 17 are positive and have buy recommendations and 10 have hold ratings.

Note: The data used in the article is sourced from the fund’s 13-F filings, Yahoo Finance and Reuters. The details about the fund and its investment strategy are taken from its website.

Source: The Top 15 Buys of Atalanta Sosnoff Capital