Apple Inc. (AAPL), Baidu Inc (ADR) (BIDU): Rob Citrone of Discovery Capital Loves These 5 Tech Stocks

On the other hand, Discovery’s position in Baidu Inc (ADR) (NASDAQ:BIDU) was boosted during the fourth quarter with the addition of 520,000 shares, which took the holding up to 1.21 million shares valued at $275.50 million. Mr. Citrone was not alone in his ‘bullishness’ regarding the Chinese search engine. In fact, 95 funds from our database reported ownership of $8.42 billion worth of Baidu Inc (ADR) (NASDAQ:BIDU)’s stock, including 16 billionaire investors. Stephen Mandel, Andreas Halvorsen, Daniel S. Och, and Ken Fisher are only a few of the billionaires that held shares of Baidu Inc (ADR) (NASDAQ:BIDU) at the end of 2014.

In SanDisk Corporation (NASDAQ:SNDK), Discovery reported ownership of 2.80 million shares, down by 7% on the quarter. The $274.39 million stake is the fourth largest in terms of value in the fund’s equity portfolio. The stock of the storage devices manufacturer gained around 38% during 2014 and Mr. Citrone has been constantly cutting his stake, which was the largest in terms of value at the end of March, when the fund held close to 7.96 million shares of SanDisk Corporation (NASDAQ:SNDK). Jean-Marie Eveillard’s First Eagle Investment Management is another shareholder of SanDisk Corporation (NASDAQ:SNDK), holding 2.23 million shares at the end of 2014.

The fifth-largest tech position in Discovery’s 13F portfolio is represented by Micron Technology, Inc. (NASDAQ:MU). However, the company is the sixth-largest overall, being outrun by Michael Kors Holdings Ltd (NYSE:KORS) on the fifth spot. The fund raised its exposure to the memory chipmaker by 27% during the last three months of 2014 and reported holding 6.67 million shares, valued at $233.41 million. However, other investors seem to be pulling away from Micron Technology, Inc. (NASDAQ:MU), as in the last round of 13F filings, 113 funds reported holding some $8.21 billion of the company’s stock, versus 109 funds with $9.08 billion a quarter earlier. David Einhorn’s Greenlight Capital is one of the largest shareholders of Micron Technology, Inc. (NASDAQ:MU), holding 31.26 million shares at the end of 2014. However, Seth Klarman’s Baupost Group, that had over $1.1 billion invested in Micron for over a year, trimmed its stake by 62% during the fourth quarter, and disclosed holding 19.71 million shares in its latest 13F filing.

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