Courage Capital’s Top Q3 Bets: Alphabet Inc (GOOG), Yahoo! Inc. (YHOO) & More

As of the end of September, Courage Capital has 4,902 class C shares of Alphabet Inc (NASDAQ:GOOG), which have a total value of $3.81 million. The stock gained 12.3% during the third quarter. Alphabet’s class C stock was included in the equity portfolio of 126 funds from our database at the end of June, down from 142 funds a quarter earlier. Among these funds, Eagle Capital Management was the largest shareholder of Alphabet Inc (NASDAQ:GOOG), with a stake worth $1278.1 millions reported as of the end of June. Trailing Eagle Capital Management was Southeastern Asset Management, which amassed a stake valued at $669.8 millions. Egerton Capital Limited, Lone Pine Capital, and Viking Global also held valuable positions in the company.

Courage Capital also amassed 5,550 shares of Wal-Mart Stores, Inc. (NYSE:WMT) worth $400 million at the end of September. The investment wasn’t particularly profitable as the stock inched down by 0.6% during the third quarter, but the fund has been holding shares of the retailer since 2011.  At the end of the second quarter, 58 funds tracked by Insider Monkey were long this stock, up by 7% from one quarter earlier. Berkshire Hathaway, managed by Warren Buffett, held the most valuable position in Wal-Mart Stores, Inc. (NYSE:WMT), which was worth $2.94 billion at the end of June. The second most bullish fund was Michael Larson’s Bill & Melinda Gates Foundation Trust, with a $847.3 million position. Other members of the smart money that held long positions in Wal-Mart Stores, Inc. (NYSE:WMT) included D. E. Shaw’s D E Shaw, Cliff Asness’s AQR Capital Management, and Richard S. Pzena’s Pzena Investment Management.

Disclosure: none