Cryder Capital Boosts Bets On Alphabet (GOOG), Credit Cards, Health Stocks

Ferdinand Groos‘ Cryder Capital Partners LLP is a London-based investment firm founded in 2011. The fund invests almost exclusively in technology and healthcare stocks, and had a 13F portfolio valued at $170.62 million on September 30, up from just $124.64 million on June 30. 45% of that value was invested in health stocks, with 42% being invested in the tech sector.

Given the jump in 13F portfolio value, it’s unsurprising that Cryder Capital boosted its holdings in various stocks during the September quarter. We’ll take a look at those moves in this article, which include Alphabet Inc. (NASDAQ:GOOG), Mastercard Inc (NYSE:MA), Visa Inc. (NYSE:V), Thermo Fisher Scientific Inc. (NYSE:TMO), and HCA Holdings Inc (NYSE:HCA).

We follow over 700 hedge funds and other institutional investors and by analyzing their quarterly 13F filings, we identify stocks that they are collectively bullish on and develop investment strategies based on this data. One strategy that outperformed the market over the last year involves selecting the 100 best-performing funds and identifying the 30 mid-cap stocks that they are collectively the most bullish on. Over the past year, this strategy generated returns of 18%, topping the 8% gain registered by S&P 500 ETFs.

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Cryder Capital had positions in both classes of Alphabet Inc. (NASDAQ:GOOG)‘s stock on September 30. During the quarter ended September 30, the investment fund boosted its holding in the company’s class C shares by 20% to 13,859 shares, while also lifting its holding in the company’s class A shares by 20%, to 16,460. Alphabet is the most popular stock among the funds in our database as of September 30, with 200 unique funds being long one or both classes of the company’s shares. Alphabet was recently named one of the top 10 stocks for 2017 by Barron’s, along with Apple, Disney, Merck, and others.

Cryder Capital also boosted its holding in Mastercard Inc (NYSE:MA) by 20% to 125,668 shares during the September quarter. The fund held $12.79 million worth of Mastercard’s stock at the end of the quarter, with the position accounting for 7.50% of the value of its 13F portfolio. Among the funds we track, 84 funds held $7.48 billion worth of Mastercard’s stock in aggregate at the end of September. Mastercard just announced that it will raise its quarterly dividend payment by 16% to $0.22, which will push its yield closer to 1%. The company has also authorized the repurchase of up to $4 billion worth of shares.

We’ll check out three more of the fund’s stock picks on the next page.