At the end of September 2018, Two Sigma Advisors’ equity portfolio was valued $40.98 billion. The fund had the biggest holding in an e-commerce giant, Amazon.com, Inc. (NASDAQ:AMZN), which was one of the top three of 30 Most Popular Stock Among Hedge Funds in Q3 of 2018. Its position in Amazon, after the fund had lowered it by 8%, counted 299,183 shares outstanding, with a value of $599.26 million. The company has a market cap of $809.95 billion, and over the past 12 months, its stock gained 32.23%, currently trading at $1,656.44. The fund’s equity portfolio is usually very diversified, and at the end of the third quarter of 2018, it had around 2200 positions.
The second biggest position the fund disclosed at the end of the third quarter of 2018 in Alphabet Inc Class A (NASDAQ:GOOGL). This position was worth around $520.06 million, on the account of 430,841 shares outstanding, after the fund had raised its stake by 47% during the third quarter. Alphabet Inc Class A is a very popular stock among the wealthy elite, being fourth among 30 Stocks Billionaires Are Crazy About: Insider Monkey Billionaire Stock Index. Furthermore, Alphabet Inc Class A has seen an increase in enthusiasm from smart money investors in our database, with 137 hedge funds long the stock at the end of the third quarter of 2018, up from 125 in the second quarter of 2018. Over the past six months, the company’s stock lost 7.32%, and at the moment of writing, it is trading at $1,081.65.
Two Sigma Advisors initiated the largest new position during Q3 2018 in Phillips 66 (NYSE:PSX), by obtaining 902,917 shares, which were valued $101.78 million. This is a diversified energy and logistics company, with a market cap of $42.42 billion. At the end of the third quarter of 2018, there were 43 investors in our database bullish on the stock, compared to 37 in Q2 2018. Over the past 12 months, the company’s stock price lost 9.88%, and it is now trading at $91.99. In its last earnings report for the third quarter of 2018, Phillips 66 disclosed a record adjusted earnings per share of $3.10 and earnings of $1.5 billion versus $1.3 billion in the second quarter of 2018. The company brought back $775 million to its shareholders via dividends and share repurchases. In the recent period, Phillips 66 has been beating EPS estimates – for the mentioned quarter, it was expected to post EPS of $2.50, but as already noted, it has delivered $3.10, while in the previous quarter, the consensus estimate was $2.16 per share, and the company delivered, even better $2.80 per share.
Among other big new additions to Two Sigma Advisors’ equity portfolio was Keurig Dr Pepper Inc (NYSE:KDP), whose 2.28 million shares with a value fo $52.74 million the fund obtained. Which was followed by two new stakes in Royal Caribbean Cruises Ltd (NYSE:RCL) and EOG Resources Inc (NYSE:EOG), with the fund acquiring 385,400 shares, valued $50.08 million, and 315,257 shares, worth $40.35 million, respectively. Whereas the biggest sold out stakes during the third quarter of 2018 were those Two Sigma Advisors held in Burlington Stores In (NYSE:BURL), Dollar Tree, Inc. (NASDAQ:DLTR), and U.S. Bancorp (NYSE:USB).
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This article was originally published at Insider Monkey.
