Alphabet Inc (GOOGL), Analog Devices, Inc. (ADI), More: This $7 Billion Hedge Fund Is Unwavering On Its Top Picks

Analog Devices, Inc. (NASDAQ:ADI)

– Shares Owned by Cantillon Capital Management (as of September 30): 7 Million

– Value of the Holding (as of September 30): $450.83 Million

Moving on, Cantillon Capital Management lowered its holding in Analog Devices, Inc. (NASDAQ:ADI) by 26,000 shares during the July-September period. Analog Devices, Inc. (NASDAQ:ADI) has been one of the best performing stock picks of the fund in 2016, having appreciated by 19% so far. In July, the company revealed that it will be acquiring Linear Technology Corporation (NASDAQ:LLTC) in a cash-and-stock deal valued at $14.8 billion. Analog Devices is expected to report its third quarter financial results next week and the current consensus estimate of analysts is for EPS of $0.89 on revenue of $941.95 million. For the same quarter of the previous year, the company had reported EPS of $1.03 on revenue of $978.72 million.

S&P Global Inc (NYSE:SPGI)

– Shares Owned by Cantillon Capital Management (as of September 30): 3.87 Million

– Value of the Holding (as of September 30): $489.31 Million

Amid an 18% rise in S&P Global Inc (NYSE:SPGI)’s stock during the third quarter, Cantillon Capital Management lowered its holding in the company by less than 1%. Ben Levine, Andrew Manuel and Stefan Renold’s LMR Partners was another hedge fund that reduced its stake in the company during that time, by 54% to 13,230 shares. S&P Global Inc (NYSE:SPGI)’s stock has been on a consistent uptrend this year and is currently trading at its lifetime highs. The bull run has had a negative impact on the stock’s forward yield, which at present stands at only 1.15%. Nevertheless, most analysts expect the stock to continue its charge going forward. The stock currently sports an average rating of ‘Overweight’ and an average price target of $135.58 from the 16 leading analysts and research firms on the Street which track it.

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Fidelity National Information Servcs Inc (NYSE:FIS)

– Shares Owned by Cantillon Capital Management (as of September 30): 7.5 Million

– Value of the Holding (as of September 30): $578.8 Million

Fidelity National Information Servcs Inc (NYSE:FIS) continued to remain Cantillon Capital Management’s top stock pick at the end of third quarter, as the fund sold only 30,600 shares of the company during the July-to-September period. After taking a breather last year, shares of Fidelity National Information Servcs Inc (NYSE:FIS) have again resumed their multi-year bull run in 2016 and are currently trading up 26.2% year-to-date. On November 1, the company reported its third quarter results, declaring EPS of $1.00 on revenue of $2.35 billion versus analysts’ estimate of EPS of $0.98 on revenue of $2.33 billion. Last month, analysts at Cantor Fitzgerald initiated coverage on the stock with a ‘Buy’ rating and $89 price target, signifying potential upside of 16.4%.

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