Top Stock Picks of London-based Sloane Robinson

#3 Harman International Industries Inc. /DE/ (NYSE:HAR)

Shares Owned by Sloane Robinson LLP (as of September 30): 183,400 shares

Value of Holding (as of September 30): $17.61 million

Harman International Industries Inc. /DE/ (NYSE:HAR) gained one spot on the aforementioned list during the latest quarter. Sloane Robinson lifted its position in the company by 112,200 shares during that time, with it accounting for 19.71% of the firm’s portfolio on September 30. Harman International Industries Inc. /DE/ (NYSE:HAR)’s shares declined by 19% during the three-month period that ended September 30, but they are still slightly over 1% in the green year-to-date. The company is anticipated to release its financial results for its fiscal 2016 first quarter on October 29, and analysts anticipate earnings per share of $1.18, which would be up by 10% from what the company reported a year ago. Cliff Asness’ AQR Capital Management was the top stockholder of Harman International Industries Inc. /DE/ (NYSE:HAR) within our database at the end of the second quarter, with a 664,000-share stake.

#2 Accenture Plc (NYSE:ACN)

Shares Owned by Sloane Robinson LLP (as of September 30): 232,800 shares

Value of Holding (as of September 30): $22.88 million

Accenture Plc (NYSE:ACN) retained its second place position on the list of Sloane Robinson’s largest equity holdings even though the investment firm reduced its stake in the company by 72,600 shares during the third quarter. The management consulting, technology services and outsourcing company recently announced the completion of its previously-announced acquisition of S3 TV Technology, a business unit of S3 Group. This deal is set to expand Accenture’s global video consulting, systems integration, DevOps, monitoring, and diagnostics capabilities. In the meantime, the stock was up by slightly more than 1% during the third quarter, and is currently trading at an all-time high of over $107. From the massive pool of hedge funds tracked by Insider Monkey, Phill Gross and Robert Atchinson’s Adage Capital Management was among the largest equity holders of Accenture Plc (NYSE:ACN) at the end of the June quarter, with almost 779,000 shares.

#1 Hollysys Automation Technologies Ltd (NASDAQ:HOLI)

Shares Owned by Sloane Robinson LLP (as of September 30): 1.91 million shares

Value of Holding (as of September 30): $33.40 million

Hollysys Automation Technologies Ltd (NASDAQ:HOLI) was Sloane Robinson’s largest equity holding at the end of the third quarter, representing 37.40% of the firm’s entire U.S equity portfolio. The London-based investment firm was bullish on the provider of automation and control technologies during the recent quarter, enlarging its position by 228,586 shares. The company did not have a great third quarter in terms of stock performance, with its shares declining by 27% during the three-month time span. However, they have advanced by nearly 15% since the end of the September. It is worth pointing out that the stock is trading at a forward P/E ratio of 10.27, which is well below the 18.41 average for the S&P 500. Thus, the stock might represent a good buying opportunity at the moment. Ian Simm’s Impax Asset Management owned 489,249 shares of Hollysys Automation Technologies Ltd (NASDAQ:HOLI) as of June 30.

Disclosure: None