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Sarat Sethi, up 27% in '16, buys Air Lease

Air Lease
Paul Thomas | Bloomberg | Getty Images

CNBC "Halftime Report " investor Sarat Sethi bought Air Lease for his model portfolio Tuesday.

His portfolio is now up 27 percent year to date, putting him in second place in the trading contest.

In another move, Sethi, a managing partner at Douglas C. Lane & Associates, sold his position in XPO Logistics on Tuesday.

Here is why he likes the aircraft leasing stock.