This Tech Hedge Fund Manager’s Stock Picks Got Blasted In Q3

Electronic Arts Inc. (NASDAQ:EA)

– Shares Owned by Coatue Management (as of June 30): 5,746,677
– Value of Coatue Management’s Shares (as of June 30): $382 Million
– Percentage of Coatue Management’s Public Equity Portfolio (as of June 30): 3.80%
– Third Quarter Returns: 1.88%

Electronic Arts Inc. (NASDAQ:EA) enjoyed a small gain during the third quarter, continuing a strong year for the behemoth video game developer, which is up by 38.34% in 2015. Nor does it appear that EA investors should expect a slide any time soon, as it is poised to have at least two hit games this upcoming holiday season. EA was the most popular gaming stock in our database on June 30, being found in the portfolios of 47 investors, who held 8.50% of its shares. Laffont had the largest long position in Electronic Arts Inc. (NASDAQ:EA) of those 47 investors, followed by Cliff Asness with 4.61 million shares.

Microsoft Corporation (NASDAQ:MSFT)

– Shares Owned by Coatue Management (as of June 30): 8,478,532
– Value of Coatue Management’s Shares (as of June 30): $374 Million
– Percentage of Coatue Management’s Public Equity Portfolio (as of June 30): 3.73%
– Third Quarter Returns: 0.91%

A microcosm of Microsoft Corporation (NASDAQ:MSFT)’s up-and-down year on the market could be witnessed in the third quarter, as the stock made some gains early in the quarter, plummeted during the market pullback, and then steadily rebounded from that point onwards. Shares are up by a modest 1.42% year-to-date. We recently covered Microsoft’s live event, which showed off a live demonstration of its mixed-reality headset HoloLens, as well as unveiling new Lumia phones, the Surface 4 tablet, and a new Surface Book laptop. Windows 10 recently set a one-month adoption record for an OS, which also bodes well for Microsoft, which plans to monetize the software in the future. David Blood and Al Gore’s Generation Investment Management was among the firms heavily invested in Microsoft Corporation (NASDAQ:MSFT) as of June 30, owning 14.95 million shares, representing 8.84% of the value of its public equity portfolio.

Amazon.com, Inc. (NASDAQ:AMZN)

– Shares Owned by Coatue Management (as of June 30): 760,722
– Value of Coatue Management’s Shares (as of June 30): $330 Million
– Percentage of Coatue Management’s Public Equity Portfolio (as of June 30): 3.29%
– Third Quarter Returns: 17.92%

Lastly is Amazon.com, Inc. (NASDAQ:AMZN), the top performer in the third quarter among the stocks highlighted in this article. Amazon continued to impress investors with its strong earnings as well as the rapid growth of its Amazon Web Services platform. It recently launched a direct salvo at both eBay Inc (NASDAQ:EBAY) and Etsy Inc (NASDAQ:ETSY) by launching its Amazon Handmade marketplace, and continues to battle Netflix, Inc. (NASDAQ:NFLX) for the streaming video service crown in the U.S, which it is now arguably leading. Amazon enjoyed the support of 103 investors in our database on June 30, led by Ken Fisher’s Fisher Asset Management with a $1.08 billion holding.

Disclosure: None