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.
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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.
Alibaba Group Holding Ltd (NYSE:BABA) comes in at number three in terms of the largest investments of the fund manager. Lanexa Management holds 36,292 shares of the company with a market value of $3.02 million as of the reporting period. Alibaba has a huge ecosystem that is concentrated towards creating products and services that enhance the e-commerce experience for its customers. The Chinese e-commerce giant is known for its aggressive expansion efforts, which includes a rumored U.S headquarters in Seattle in the near future. Alibaba Group Holding Ltd (NYSE:BABA) entered into a deal with Walt Disney Co (NYSE:DIS) to offer Avengers 2 merchandise on Tmall, the first time that Tmall will deal directly with a movie producer. Daniel Zhang recently became the new CEO of Alibaba Group, replacing predecessor Jonathan Lu. In his first speech as the CEO of the company, Zhang emphasized the importance of taking the business global. This is not the first time that a high-ranking official of the company has put the focus on its global operations. Jack Ma, founder of Alibaba, has always called globalization as the next logical step of the company. Dan Loeb‘s Third Point, along with Discovery Capital Management and Tiger Global Management hold significant investments in the Chinese e-commerce leader.
Salesforce.com, inc. (NYSE:CRM) is the fourth largest stock holding of Lanexa Management. With its current position the investment manager holds 42,500 shares of the enterprise software solutions provider, with a value of $2.84 million. The shares of Salesforce.com have returned 20.8% year-to-date. The cloud computing enterprise solutions company is going to report its fiscal 2016 first quarter financial results on May 20. Shares of the cloud computing company are up by 22% this year on speculation of a potential takeover, with Microsoft Corporation (NASDAQ:MSFT) being mentioned as a possible suitor, though it’s stated it has no intention of purchasing Salesforce.com, inc. (NYSE:CRM). If a takeover deal does materialize around the current market cap of the company ($47.40 billion), it would be the biggest deal ever involving a software company. Criterion Capital and Donald Chiboucis‘ Columbus Circle Investors are among some of the major investors of Salesforce.com, inc. (NYSE:CRM).
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