A Look at Beeneet Kothari’s Tekne Capital

Tekne Capital is a relatively small financial investment advisory firm. Headquarted in New-York, the firm was founded by Beeneet Kothari, a former portfolio manager at PointState, which is a spinout of Stanley Druckenmiller‘s Duquesne Capital. Founded in 2012, the fund disclosed an equity portfolio worth $795.04 million in its first 13F for the fourth quarter of 2013.

Overall, Tekne reported 22 long stakes in various companies. From the filing we can notice that the fund invests heavily in the technology sector, with almost 50% of the equity portfolio comprising technology stocks. Another some 16% of the portfolio represent companies from the Services sector, with the rest being invested in ETFs and Consumer Goods stocks.

Let’s take a closer look at the top picks from Tekne Capital’s equity portfolio, since these are the companies on which the fund has placed its biggest bets. On the first spot is DISH Network Corp (NASDAQ:DISH), in which Tekne revealed a $28.28 million stake, which amasses 488,200 shares, equal to 3.6% of its equity portfolio.

The next on the list is Autodesk, Inc. (NASDAQ:ADSK), with Tekne reporting ownership of 556,100 shares, worth $27.98 million. The stock of Autodesk has already returned over 8% since the beginning of the year and trades slightly above the average target price. Slightly below is Google Inc (NASDAQ:GOOG), in which Kothari’s fund reported holding around 24,950 shares, worth close to $27.96 million.

On the fourth spot is placed IAC/InterActiveCorp (NASDAQ:IACI), in which the fund owns currently 334,400 shares, with a reported value of $22.96 million. IAC is an Internet media company that holds over 100 brands. David Einhorn‘s Greenlight Capital is also a major shareholder of the company, owning around 1.91 million shares.

And the fifth largest stake of Tekne is T-Mobile US Inc (NYSE:TMUS), the fund reporting a $22.86 million stake, which amasses 679,600 shares.

Disclosure: none

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