Rail-Splitter Gets Aboard the Apple and Facebook Hype Trains, Still Loves EA, Red Hat

Red Hat Inc. (NYSE:RHT) stock formed 3.91% of Rail Splitter Capital’s portfolio at the end of September quarter. The fund held 173,428 shares of the company with the market value of $14.08 million. Of the 742 elite funds we track, 34 funds owned $985.79 million of Red Hat Inc (NYSE:RHT) and accounted for 4.50% of the float on September 30, versus 35 funds and $597.92 million respectively on June 30.  Red Hat Inc specializes in open technologies usable by businesses. It also deals in cloud deployments. The company’s products are used by various communications companies such as FreeBit and Turkcell.

Apple Inc. (NASDAQ:AAPL) stock has gained 6% this year so far. The company also offers dividend yield of 2%. Rail Splitter Capital inaitiated a new position of 108,915 shares of Apple with a market value of $12.31 million at the end of Q3. In terms of the smart money funds that we track, 145 top funds were long Apple Inc. (NASDAQ:AAPL) as of the most recent 13-F reporting period, up 29 funds from the previous quarter. Since the announcement of AT&T acquiring Time Warner, there had been many unsubstantiated media reports projecting that Apple may extend bid for the media company. So far that hasn’t happened yet. Judging by Apple’s previous conservative M&A history, many investors believe that event may never happen.

NXP Semiconductor N.V. (NASDAQ:NXPI) stock climbed 16% this year so far, courtesy of the Qualcomm, which agreed to buy it for $38.5 billion in cash or $110 per share. NXP Semiconductors is based out of Netherlands and Qualcomm is expected to save $500 million in annual cost savings within two years of the transaction completion. The combine entity will have annual revenue of more than $30 billion. Rail Splitter held 118,776 shares of NXP Semiconductor worth $12.11 million as on the end of September quarter.

DISCLOSURE – NONE