Big Tech Names Dominate Valiant Capital’s Portfolio in Q4

#3 Facebook Inc (NASDAQ:FB)

– Shares held (as of September 30): 1.04 million

– Total Value (as of September 30): $93.18 million

During the last quarter, Valiant Capital upped its position in Facebook Inc (NASDAQ:FB) by 150,600 shares. The company’s stock has gained over 20% since the end of September, and is trading up 33.79% year-to-date. Facebook Inc (NASDAQ:FB) posted strong financial results for the third quarter, with its income increasing to $896 million compared to $806 million a year ago. Revenue rose to $4.5 billion, compared to $3.2 billion in the last year’s quarter. Among the hedge funds that Insider Monkey track, Stephen Mandel’s Lone Pine Capital is the largest shareholder of Facebook Inc (NASDAQ:FB), with ownership of more than 10.70 million shares. The second largest investor in our database is Philippe Laffont’s Coatue Management, holding 7.50 million shares of the company.

#2 Amazon.com Inc. (NASDAQ:AMZN)

– Shares held (as of September 30): 207,500

– Total Value (as of September 30): $106.22 million

Valiant Capital added more shares to its stake in Amazon.com Inc. (NASDAQ:AMZN) during the last quarter, as it previously held 201,778 shares at the end of June. Amazon impressed investors with strong financial performance during the July-September period, having posted a net income of $79 million versus a loss of $437 million a year earlier. The company was able to increase sales by an annual 23% to $25.4 billion. Shares of Amazon.com Inc. (NASDAQ:AMZN) have surged by 114.79% year-to-date. Recently, the company released images of the prototype of drones that will be used for a fastest package delivery. The drones, weighing 55 pounds, will deliver packages within 30 minutes, carrying packages of up to 5 pounds. Another investor betting big on Amazon is billionaire Chase Coleman’s Tiger Global Management, holding 3.19 million shares of the company.

#1 Apple Inc. (NASDAQ:AAPL)

– Shares held (as of September 30): 1.14 million

– Total Value (as of September 30): $126.18 million

Apple Inc. (NASDAQ:AAPL) represents Valiant Capital’s top holding, in which the investor increased its position by 331,325 shares. For the third quarter, Apple reported EPS of $1.96 on revenue of $51.50 billion, beating analysts’ estimates of $1.88 in EPS on revenue of $51.02 billion. The company’s stock has inched up by 4.37% year-to-date. At the end of September, the number of hedge funds in our database invested in Apple Inc. (NASDAQ:AAPL) fell to 133 from 144 a quarter earlier, with the total value of their holdings decreasing to $17.41 billion from $21.27 billion. However, the number of billionaires we track with positions in Apple climbed to 18 at the end of September from 15 a quarter earlier. Among these billionaire shareholders is Carl Icahn, who holds 52.76 million shares of the company.

Disclosure: None