Andor Capital Management was founded in 2001 by former Art Samberg/Pequot Capital Management employees, Daniel Benton and Christopher James. We follow the activity of Andor Capital Management and other top-tier hedge funds by tracking their quarterly 13F filings with the SEC. Empirical evidence suggests that there is potential for market outperformance if you know where to look.
A brief rundown of Andor’s best bets
In the latest round of 13F filings fluttering in for the second quarter, Andor Capital reported that its most valuable position was in Google Inc (NASDAQ:GOOG). The hedge fund disclosed ownership of 175,000 shares, the value of the stake amounting to almost $154.1 million. This was an increase in its Google Inc (NASDAQ:GOOG) stake by 25,000 shares.
According to our database, a host of other elite fund managers are bullish on Google’s prospects, including Stephen Mandel’s Lone Pine Capital and Charles de Vaulx’s International Value Advisers.
Charles de Vaulx will be presenting his latest investment idea at the 9th New York Annual Value Investing Congress, the event CNBC dubbed “The Superbowl of Value Investing.” The event takes place September 16 & 17, 2013 at Jazz at Lincoln Center’s Frederick P. Rose Hall and some of the world’s most successful investors are slated to attend, including Jeff Ubben, Mick McGuire, and Alex Roepers, to name a few. In addition, this year’s event will feature a special presentation by Tyler and Cameron Winklevoss. For your special Insider Monkey discount, go to www.ValueInvestingCongress.
The best of the rest
Next is Micron Technology, Inc. (NASDAQ:MU), represented in Andor’s 13F by 5.0 million shares, worth $71.7 million. It is a new position, and the stock of Micron Technology, Inc. (NASDAQ:MU) has an impressive year-to-date return of over 132% while trading at a P/E just south of 8.0x.
In Apple Inc. (NASDAQ:AAPL), the hedge fund disclosed 125,000 shares, worth almost $50 million. In its previous 13F filing with the SEC, Andor’s stake in Apple Inc. (NASDAQ:AAPL) contained 100,000 shares and was worth $44.3 million. Apple Inc. (NASDAQ:AAPL)’s stock has returned close to -10% since the beginning of the year, though recent buys by Carl Icahn and Jim Simons may boost shares moving forward.
We should also mention the $45.8 million position held by Benton’s hedge fund in Taiwan Semiconductor Mfg. Co. Ltd. (ADR) (NYSE:TSM). The stake contains 2.5 million shares and represents a new addition to the Andor 13F portfolio made during the second quarter of 2013.
Pandora Media Inc (NYSE:P), in which the hedgie holds a $45.8 million position, sits at No. 5. This is another new position, and is a clear vote of confidence in the streaming radio company, which recently tweaked its content model to increase the frequency of its in-radio advertisements. With more fragmentation on the streaming radio industry’s horizon from the likes of Google and Apple, it’s intriguing that Andor would become a bull now.
With that in mind, we’d also recommend keeping an eye on Mario Gabelli’s GAMCO Investors, Thomas Bailard’s Bailard Inc., and Jeffrey Smith’s Starboard Value as 13F filings continue to roll in.
Disclosure: none
