Sir Michael Hintze’s CQS Cayman LP has filed its 13F with SEC for the reporting period of March 31, with the fund having an equity portfolio valued at $2.13 billion as of the reporting date. Financial News recently awarded Hintze the title of Best Hedge Fund Manager in Fixed Income and Credit category, and his primary investments are in the health care, consumer discretionary, finance, and industrial sectors. The top ten stock holdings of the British-Australian fund manager account for 51.46% of his portfolio’s value. Apple Inc. (NASDAQ:AAPL) and Adobe Systems Incorporate (NASDAQ:ADBE) are among its technology stock picks, which we will discuss in this article.
CQS Cayman is just one of more than 700 hedge funds that we have in our database, whose 13F filings we collate quarterly as part of our small-cap strategy. Even though most smaller investors believe that tracking 13F filings is a fruitless endeavor because they are filed with a delay of a maximum of 45 days after the end of a calendar quarter, the results of our research prove that is not the case. To be on the safe side, we used a delay of 60 days in our backtests that involved the 13F filings of funds between 1999 and 2012 and we still managed to gain an annual alpha in the double digits. Moreover, since the official launch of our strategy in August 2012, our small-cap strategy has obtained returns of more than 139%, beating the S&P 500 Total Return Index by over 80 percentage points (see the details).
Apple Inc. (NASDAQ:AAPL) is the largest technology stock investment of CQS Cayman. It owns 194,951 shares of the iPhone-maker with a market value of $24.26 million. The investment manager added heavily to the position during the first quarter, purchasing 186,172 of those shares. According to a recent report from Good Technology, Apple Inc. was the global leader in enterprise device activations during the first quarter of 2015. The iPad maker had a 72% share in worldwide enterprise device activations in the quarter followed by Android devices with a 26% share. This could be the big enterprise leap Apple Inc. (NASDAQ:AAPL) was looking for and it might help the company compete with Microsoft Corporation (NASDAQ:MSFT) in the enterprise device market. The tech giant will release its HomeKit iOS 8 framework next month, which will allow users to control connected home accessories. Billionaire activist investor Carl Icahn remains the largest Apple shareholder in our database.
Check Point Software Technologies Ltd. (NASDAQ:CHKP) is a new stock investment of the fund manager and consists of call options underlying 200,000 shares of the tech company, with the position having a market value of $16.39 million. Check Point Software Technologies Ltd. (NASDAQ:CHKP) is a company active in the information technology (IT) security sector whose shares have increased by 9.8% year-to-date. Some of the primary services of the company include firewall, intrusion prevention system, Anti-Bot, Application Control, and virtual private network services. As per the recent IDC Worldwide Security Appliance Tracker survey, Check Point Software Technologies Ltd. (NASDAQ:CHKP) was the market leader in combined Firewall and UTM appliance revenue during the financial year 2014. Generation Investment Management, Iridian Asset Management and Ken Griffin‘s Citadel Investment Group are among some of the leading investors of the security company.
