Air Products & Chemicals, Inc. (NYSE:APD) represents another new position in Axel Capital’s equity portfolio, as the fund added 68,000 shares worth $10.28 million during the third quarter. The share price of Air Products & Chemicals, Inc. (NYSE:APD) has increased by 6.23% since the beginning of the year and currently sports a dividend yield of 2.50%; the company is a dividend aristocrat, having raised its dividend for 34 years in a row. Air Products & Chemicals is the world’s largest supplier of hydrogen and supplies other industrial gases to energy, electronics, chemicals, metals, and manufacturing industries. Last month, the company won a contract to supply oxygen to LG Chem, the largest chemical company in South Korea. The oxygen will be used for production of materials used in secondary batteries.
Other shareholders of Air Products & Chemicals, Inc. (NYSE:APD) include David Gallo’s Valinor Management, Steve Cohen’s Point72 Asset Management, and Jim Simons’ Renaissance Technologies.
In NVIDIA Corporation (NASDAQ:NVDA), Axel Capital had cut its holding by 60% between July and September and disclosed ownership of 40,000 shares worth $7.15 million in its latest 13F filing. The position was added to the fund’s 13F portfolio during the second quarter, and the stock gained 28% since the beginning of July; It is up by 74% year-to-date. NVIDIA Corporation (NASDAQ:NVDA) has been growing on the back of cryptocurrency mining boom, as its graphic processing units (GPUs) are used in mining currencies. The company’s CEO, Jen-Hsun Huang, said during the second-quarter earnings call that “cryptocurrency and blockchain are here to stay”. In addition, NVIDIA Corporation (NASDAQ:NVDA) has recently entered into an agreement with the Chinese retail giant JD.Com Inc (ADR) (NASDAQ:JD) to develop robots using NVIDIA’s Jetson platform to provide AI-based navigation intelligence.
At the end of the second quarter, there were 45 funds in our database bullish on NVIDIA Corporation (NASDAQ:NVDA), including Renaissance Technologies, Philippe Laffont’s Coatue Management, and Jonathon Jacobson’s Highfields Capital Management.
Amazon.com, Inc. (NASDAQ:AMZN) is another stock that saw Axel Capital reduce its position. During the third quarter, the fund trimmed its exposure to the online retail giant by 3,000 shares and held 7,000 shares worth $6.73 million at the end of September. Amazon.com, Inc. (NASDAQ:AMZN)’s stock has appreciated by over 32% since the beginning of 2017, but Axel initiated its position during the second quarter. Amazon.com, Inc. (NASDAQ:AMZN) has had several major developments so far this year, the biggest of them probably being the takeover of the supermarket chain Whole Foods. Last week, it was reported that the company had approached the French supermarket operator Leclerc, as it continues to expand its logistics network and partner with or acquire supermarket chains in Europe. It had previously been reported that Amazon also approached other French supermarkets and that it could also be interested in buying the French supermarket operator Carrefour.
In the meantime, Amazon.com, Inc. (NASDAQ:AMZN) is one of the most popular stocks among the hedge funds in our database, with 132 investors having disclosed a position in the company as of the end of June.
Disclosure: none
