Daniel Benton‘s Andor Capital Management recently disclosed its Form 13F for the second quarter of 2014. The fund has an equity portfolio of more than $1.8 billion dollars, with over 58% of its resources allocated to the information technology sector of the economy. The remainder is mostly spent on the consumer discretionary sector (35.3%). Now, lets take a look at some of Benton’s top stock picks for the quarter.
First on the list is Tesla Motors Inc (NASDAQ:TSLA), a $32.65 billion market cap company that designs, develops, manufactures and sells electric vehicles and advanced electric vehicle powertrain components. Andor Capital currently has approximately $300 million invested in Tesla Motors Inc (NASDAQ:TSLA) –or 1.25 million shares, which make up about 16% of the fund’s overall portfolio.
Also investing in Tesla Motors Inc (NASDAQ:TSLA) this quarter is D.E. Shaw‘s D E Shaw fund. After increasing its participation by 2% last quarter, the fund holds 1.87 million shares, worth about $450.7 million.
Twitter Inc (NYSE:TWTR), a $27.54 billion market cap company, rose from third to second spot in this list over the course of the second quarter. After increasing its holdings by 11% last quarter, Andor Capital holds 5 million shares, with a market value of around $204.8 million, in Twitter Inc (NYSE:TWTR), the company that operates as global platform for public self-expression and conversation in real time.
Ken Griffin’s Citadel Investment Group showed similar activity in relation to Twitter Inc (NYSE:TWTR). After raising its exposure by 76%, the fund holds 1.73 million shares, worth nearly $71 million.
Coming in third on Benton’s list is Facebook Inc (NASDAQ:FB), which rose from the fifth up to the third position in this list over last quarter. The fund increased its stake with the company by 50% over the period, and now holds 3 million shares, worth around $201.8 million, in Facebook Inc (NASDAQ:FB), the $191.44 billion market cap social media company. Moreover, this position makes up 10.95% of the fund’s total equity portfolio.
In addition, D.E. Shaw’s D E Shaw Fund is betting on Facebook Inc (NASDAQ:FB) this quarter as well. Even though the fund dropped its holdings by 3% last quarter, it still has 7.12 million shares, worth just over $479 million.
Next up is Apple Inc. (NASDAQ:AAPL), the $593.76 billion market cap company that designs, manufactures and markets mobile communication and media devices, personal computers, and portable digital music players, and a variety of related software. Benton’s fund rose its exposure to Apple Inc. (NASDAQ:AAPL) by 20% last quarter, and now has a total of 2.1 million shares, worth about $195.1 million. This position makes up for 10.6% of the fund’s entire equity profile.
Billionaire Ken Fisher is another large shareholder in the company. His hedge fund, Fisher Asset Management, followed Andor’s movement, also raising its investment with Apple Inc. (NASDAQ:AAPL), by 5%. Following this activity last quarter, the fund holds 10.74 million shares, with a market value of about $998.5 million.
Finally, Benton’s fifth choice for the quarter is Google Inc (NASDAQ:GOOGL), the $397.33 billion market cap global technology company. Google fell from its previous position of second on this list last quarter, as the fund showed no change in its investment with the company, while seeing a rise in its activity with a myriad of others. Andor Capital currently holds 200,000 shares of Google Inc (NASDAQ:GOOGL), worth approximately $116.9 million.
Once again, Ken Griffin’s Citadel Investment Group has a big stake in Google Inc (NASDAQ:GOOGL). The fund purchased 175,414 shares over last quarter, and now has a total of 546,164 shares, worth about $319.3 million.
Disclosure: Javier Hasse holds no position in any stocks or funds mentioned.
