NEW YORK (TheStreet) -- There is no love lost between Whitney Tilson and Lumber Liquidators (LL), but there are plenty of stocks out there the manager of New York-based hedge fund Kase Capital does like.
Tilson, a value investor whose idols include Warren Buffett and Charlie Munger, has been publicly short Lumber Liquidators since 2013. He appeared in a 60 Minutes episode that aired in March alleging its Chinese-made laminate flooring contains toxic amounts of formaldehyde. "In 16 years of professional money management, I've seen companies do all sorts of bad things to get their stock prices up," he said at the time. "But this has got to be the worst."
On Tuesday, Tilson continued his anti-Lumber Liquidators campaign after uncovering that the firm's chief compliance officer, Ray Cotton, had exited the company.
Although Tilson is no fan of Lumber Liquidators, there are plenty of companies out there he does like. In his most recent regulatory public holdings disclosure, Tilson lists 15 positions in his public equity portfolio. He demonstrates a clear penchant for firms in the industrials and basic materials sectors, which comprise nearly 50% of his fund.
Howard Hughes (HHC) is Tilson's top holding. As of March 31, he holds 50,425 shares valued at $7.8 million.
He discussed his take on Howard Hughes at the 2012 Value Investing Congress after visiting a handful of the real estate development and management company's properties and, apparently, liking what he saw. In a presentation given at the event, Tilson concluded that HHC had a strong balance sheet and attractive assets, provided downside protection and offered an attractive risk/reward scenario with multiple free options.
He also gave mention to the company's "world-class" management and board, including fellow hedge fund manager and HHC shareholder Bill Ackman.
Howard Hughes isn't the only top stock on which Tilson and Ackman overlap. Platform Specialty Products (PAH), Tilson's No. 2 holding, has caught Ackman's eye, too. As of March 31, Tilson holds 271,140 shares valued at nearly $7 million, while Ackman's stake is worth more than $1 billion.