Matthew Hulsizer’s Peak6 Capital Management has recently filed its 13F with the SEC for the second quarter of 2015. According to the filing, the fund holds an equity portfolio of $16.81 billion as of the end of June, with its primary investments in consumer discretionary and information technology sectors. The portfolio is highly diversified and its top 10 holdings represent 5.70% of its overall value. Apple Inc. (NASDAQ:AAPL), Yum! Brands, Inc. (NYSE:YUM), American Airlines Group Inc (NASDAQ:AAL) are among the top three equity investments of Peak6 Capital Management.
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Matthew Hulsizer and Jennifer Just co-founded the firm in 1997 and it operates as a subsidiary of Peak6 Investment LP. Matthew Hulsizer appeared in the spotlights in 2011, when he attempted to buy Phoenix Coyotes, although he later withdrew the bid.
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Peak6 Capital Management has a stake worth $58.91 million in Apple Inc (NASDAQ:AAPL), which contains 469,688 shares. The investor has reduced its investment in the iPhone maker by 54% in comparison with the previous quarter. The shares of Apple Inc (NASDAQ:AAPL) have taken a hit in the past couple of weeks and are down by 13.22% on the back of quarterly financial results disclosed on July 21. It might be too soon to consider it a trend, but among the hedge funds we track at Insider Monkey, many investors reduced their exposure to Apple during the second quarter, although a clearer picture will be available after the end of the current round of 13F filings. However, among the funds that have already disclosed their equity portfolios for the end of June, Bridgewater Associates, Giovine Capital, Zweig Dimenna Partners, McKinley Capital Management, and Columbus Circle Investors reported cutting their stake in Apple Inc. (NASDAQ:AAPL). These investors seem to have anticipated a slowdown of Apple’s sales in some key markets such as China, as well as weak sales for its new Apple Watch. However, one of the largest shareholders of Apple from our database, Ken Fisher’s Fisher Asset Management inched up its position in the company to 11.01 million shares held at the end of June.
Yum! Brands, Inc. (NYSE:YUM) is another large equity position of Peak6 Capital Management, which contains 525,231 shares valued at $47.31 million. The investment manager has boosted its stake in the fast-food restaurant chain operator by 75% during the second quarter. Yum! Brands, Inc. (NYSE:YUM) has had a fair run in 2015 with its stock rising by 10.1% year-to-date, and managed to recover from the fall on the back of the meat safety scandal in China exposed in 2014. The fast-food chain was able to surpass the Wall Street’s earnings expectations for the second quarter with EPS of $0.69 on revenue of $3.11 billion, versus estimates of $0.63 and $3.19 billion, respectively. Earlier this year, Yum! Brands, Inc. (NYSE:YUM) attracted the attention of activist investor Keith Meister of Corvex Capital, who held a $1.5 billion stake in in May. Meister earlier advocated a spinoff of Yum! Brands’ Chinese business saying that this move could help the company unlock 50% to 90% of upside stock potential. Columbus Circle Investors, led by Donald Chiboucis, is among the largest shareholders of the company that have already filed 13F for the second quarter of 2015. Its position in Yum! Brands, Inc. (NYSE:YUM) involved 1.10 million shares valued at $99.86 million.
Peak6 Capital Management more than doubled its stake in American Airlines Group Inc (NASDAQ:AAL) to 1.10 million shares worth $43.85 million. However, Peak6 Capital also holds ‘Put’ options underlying 1.73 million shares of the airline company as of the end of June. American Airlines Group Inc (NASDAQ:AAL) has reported a record Available Seat Mile (ASM) and Revenue Passenger Mile (RPM) figures for July 2015 of 24.90 billion and 21.80 billion, respectively. In addition, American Airlines Group Inc (NASDAQ:AAL) reported better-than-expected second quarter results with EPS of $1.27 over revenues of $10.71 billion, above estimated EPS of $1.23 and revenue of $10.63 billion. Andy Redleaf’s Whitebox Advisors is among the investment firms in our database with positions in the airliner worth $18.11 million against 453,545 shares at the end of the second quarter.
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