SunCoke Energy Inc (SXC), POSCO (ADR) (PKX), Westmoreland Coal Company (WLB): Geosphere Capital Management’s Top 3 Picks

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GeoSphere Capital Management, run by Arvind Sanger, is a famous hedge fund with diversified equity portfolio. In its latest 13F filing, the fund disclosed its top three equity picks by dollar value. The list is made up of SunCoke Energy Inc (NYSE:SXC), POSCO (ADR) (NYSE:PKX) and Westmoreland Coal Company (NASDAQ:WLB). GeoSphere Capital Management had nearly $54 million invested in equity at the end of the third quarter of 2014. That signaled a significant decline from $64 million at the end of the second quarter of 2014.

SunCoke Energy Inc

GeoSphere Capital Management’s largest equity pick by value is SunCoke Energy Inc (NYSE:SXC). The fund owned 288,400 shares in the $1.5 billion producer of coke, which is used in steelmaking, in the latest filing. It boosted its position slightly in the company given that it held 243,400 shares in the last filing. The new equity position is valued at nearly $6.5 million.

Indaba Capital Management, led by Derek C. Schrier, increased its holding in SunCoke Energy Inc (NYSE:SXC) in the second quarter of 2014. It owned nearly 2 million shares in the company at the end of the quarter.

POSCO (ADR) (NYSE:PKX) is the second largest in the portfolio of GeoSphere Capital Management, according to the latest 13F filing. The fund did not change its equity holding in the $23 billion maker and distributor of steel products. As such, it closed the third quarter of 2014 with 53,500 shares in the company, same as the second quarter of 2015. However, equity value in the company increased to more than $4 million in the latest report compared with about $3.98 million in the previous filing.

Mohnish Pabrai, managed by Mohnish Pabrai, is another hedge fund that is bullish on the stock of POSCO (ADR) (NYSE:PKX). It initiated a position in the stock in the second quarter of 2014 that it ended the quarter with 977,634 shares in the company.

Closing the list of the best three stocks in the portfolio of GeoSphere Capital Management is Westmoreland Coal Company (NASDAQ:WLB). The fund own 101,207 shares in the $646 million energy company at the end of the third quarter of 2014. That compared with 46,500 shares held at the end of the second quarter of 2014. GeoSphere Capital Management increased its exposure to Westmoreland Coal Company (NASDAQ:WLB) in the latest report. The new position is valued at about $3.8 million.

Tontine Asset Management, led by Jeffrey Gendell, is another heavyweight institutional investor in Westmoreland Coal Company (NASDAQ:WLB). The fund owned 780,758 shares in the company and the end of the second quarter of 2014.

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