In 2011, Bridgewater was ranked as the best-performing hedge fund in the world. Continuing with its growth performance in 2012, it has earned more for its clients than any other hedge fund. Based in Westport, Connecticut, and owned by the legendary mega-investor Raymond Dalio, this hedge fund is the world’s largest hedge fund with around $150 billion of assets under management.
In mid-May, Bridgewater filed its 13F with the SEC. It added 121 stocks in its portfolio. The major new positions as on March 31, 2013 were CenturyLink, Inc. (NYSE:CTL) ,Expeditors International of Washington (NASDAQ:EXPD), and General Electric Company (NYSE:GE). These companies are 0.15%, 0.12% and 0.13% respectively of the portfolio.
Profit from cloud computing and broadband services
CenturyLink, Inc. (NYSE:CTL) merged with Savvis in July 2011 to enter into the cloud computing segment. The company’s revenue in the cloud computing segment increased by $30 million, year-over-year, to $340 million in the first-quarter of 2013.
To further strengthen its cloud computing business, the company is looking for expansion in North America, Europe and Asia. These expansion plans will add approximately 85,000 square feet of new storage space by the end of this year. Also, it will boost CenturyLink, Inc. (NYSE:CTL)’s currently available space to more than 2.4 million square feet.
Furthermore, CenturyLink, Inc. (NYSE:CTL) is seeing growth in its internet broadband services. This growth is due to the additional revenue from its IPTV — Prism TV, which added over 13,000 subscribers during the first-quarter of 2013. With Prism TV, CenturyLink, Inc. (NYSE:CTL) is expanding its Internet broadband services by running Fiber to the Node, or FTTN.
FTTN is used to provide higher-speed Internet access. It brings faster Internet speeds using fiber closer to subscribers. The company currently provides Internet speed up to 6 million bits/second (Mbps) to 73% of its access lines. Prism TV’s revenue is expected to grow, year-over-year, from $182 million in 2012 to $250 million this fiscal year and $426 million in 2014.
Revenue from strong airfreight and technology sector
Expeditors International of Washington (NASDAQ:EXPD) airfreight volume increased 10% year-over-year, in the first-quarter of 2013. This growth is attributed to the increase in exports at Hong Kong Air Cargo terminals and strong intra-Asia airfreight business. The airfreight exports at Hong Kong Air Cargo terminals grew 5.9%, year-over-year, in December 2012. Moreover, intra-Asia airfreight capacity grew more than 45% in the first-quarter of 2013, year-over-year.
In the second half of the current year, Expeditors International of Washington (NASDAQ:EXPD) expects airfreight volume growth, due to increasing shipments. This expected increase in the airfreight volumes is supported by IATA, which raised its growth forecast to 2.7% for 2013, from the previous forecast of 1.4%. This is due to the growing industrial production. Airfreight services are expected to increase the company’s revenue from $2.60 billion in 2012 to $2.72 billion in 2014.
