2. Morgan Stanley ( MS): Provides various financial products and services to corporations, governments, financial institutions, and individuals worldwide. Market cap at $39.95B, most recent closing price at $20.17. The hedge fund manager started a position in this company, citing a turnaround in its weak business (fixed income, currency, and commodities sales and trading) in 2013 as one of the catalysts. The stock trades at a 20% discount to tangible book. Loeb bought shares at an average cost of $16.77 per share. Morgan Stanley has a forward price of profit of 11. 3. Tesoro Corporation ( TSO): Engages in refining and marketing petroleum products in the United States. Market cap at $5.92B, most recent closing price at $42.17. This $5.7 billion company is in the refining and marketing business. The company is shareholder friendly, and the hedge fund believes there is hidden value in its retail and pipelines businesses. Tesora is valued at around 2.6 times its 2012 EBITDA. Third Point believes the shares could double from its $40 stock price level. Tesoro has a POP of just 7. Written by Kapitall’s Chris Lau .