Ian P. Murray’s Lanexa Management LLC has filed its 13F with the SEC for the reporting period of March 31. Murray is a “Tiger Cub”, one of the protégés of billionaire investor Julian Robertson of Tiger Management, many of whom have spread out and opened their own investment firms following Tiger Management’s closure to outside investors in 2000. Murray’s fund has an equity portfolio of $52.89 million as of the reporting period, with his top ten stock holdings accounting for 50.88% of its value. It is a concentrated fund with its primary investments in the information technology, industrial, and consumer discretionary sectors. Qlik Technologies Inc (NASDAQ:QLIK), Google Inc (NASDAQ:GOOGL) and Alibaba Group Holding Ltd (NYSE:BABA) are among some of the primary stock holdings of Lanexa which we’ll discuss in this article.
Why are we interested in the 13F filings of a select group of hedge funds? We use these filings to determine the top 15 small-cap stocks held by these elite funds, based on 16 years of research that showed their top small-cap picks are much more profitable than both their large-cap stocks and the broader market as a whole. These small-cap stocks beat the S&P 500 Total Return Index by nearly one percentage point per month in our backtests, which were conducted over the period of 1999 to 2012. Moreover, since the beginning of forward testing from August 2012, the strategy worked just as our research predicted, outperforming the market every year and returning 139% over the last 32 months, which is more than 80 percentage points higher than the returns of the S&P 500 ETF (SPY) (see more details).
Qlik Technologies Inc (NASDAQ:QLIK) is the largest stock holding of Murray. He owns 126,844 shares of the technology firm, with the shares having a market value of $3.95 million as of the reporting period. Qlik is a technology company specializing in business intelligence solutions and its shares have grown 16.66% year-to-date. It announced first quarter 2015 financial results on April 23, beating expectations with $120.30 million in revenue, compared to the estimates of $114.67 million. Its quarterly revenue was up 8.3% on a year-over-year basis. The business intelligence service provider reported a non-GAAP loss per share of -$0.09, which was lower than the prior year loss of -$0.12 per share. Eric Bannasch‘s Cadian Capital, as well as Hoplite Capital Management and Citadel Investment Group are among the investment managers holding positions in Qlik Technologies Inc (NASDAQ:QLIK).
Google Inc (NASDAQ:GOOGL) is another technology stock holding of Lanexa Management LLC and it accounts for 6.29% of the overall portfolio of the investment manager. It’s a new position held by Murray, with 6,000 shares of the search engine giant’s Class A shares, which hold a market value of $3.33 million. According to a recent research report from ZenithOptimedia.com, Google is the largest ad media generator in the world. For fiscal 2013-14, Google Inc (NASDAQ:GOOGL) generated media revenue of $50.6 billion. In fact, the media revenue of the search engine company was more than two-and-a-half times greater than the second place holder, Walt Disney Co (NYSE:DIS), which stood at $20.3 billion. The search engine company attracts investors from all over the world. Eagle Capital Management, Fisher Asset Management, and Andreas Halvorsen‘s Viking Global are among some of its largest investors.
