Think Investments is a San Francisco-based hedge fund that uses long/short strategy for its investments, managed by a former analyst Shashin Shah. In the current round of 13F filings, Shashin Shah revealed an equity portfolio valued at $270.64 million, with a total of 11 long positions. The fund’s largest holdings are represented by Apple Inc. (NASDAQ:AAPL), Alibaba Group Holding Ltd (NYSE:BABA), Masonite International Corp (NYSE:DOOR), Autohome Inc (ADR) (NYSE:ATHM) and Six Flags Entertainment Corp (NYSE:SIX).
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On the first spot is Apple Inc. (NASDAQ:AAPL), one of the most profitable businesses ever, in which investor disclosed a $45.07 million position that contains 362,000 shares, unchanged from the previous quarter. Apple Inc.’s stock inched up by 18% since the beginning of the year and gained more than 40% over the past calendar year. The $750.5 billion tech-giant announced its strong financial results for the second quarter of fiscal year 2015, an increase in net income by 32.73% to $13.57 billion, or $2.33 diluted EPS. Billionaire Carl Icahn is the largest shareholder in Apple Inc. (NASDAQ:AAPL) owning 52.76 million shares, valued at $6.57 billion, which represents 20.48%. In recent days, he issued an open letter to the company’s CEO Tim Cook, in which he expressed his beliefs that the company’s shares are undervalued and stated a price target of $240 per share.
Shashin Shah’s hedge fund increased its stake in Alibaba Group Holding Ltd (NYSE:BABA) by 16.22% to 448,600 shares valued at $37.34 million. The China-based global leader in online and mobile commerce in retail and wholesale trade, reported for the quarter of 2015 a growth in revenue by 45%, compared to the same period of prior year. The company’s net income has fell by 49% to $463 million during the quarter, being primarily affected by the decrease in income from operations. Another large hedge funds that still remain bullish on Alibaba Group Holding Ltd (NYSE:BABA) are Rob Citrone’s Discovery Capital Management and Andreas Halvorsen’s Viking Global holding 8.77 million shares and 6.94 million shares, respectively.
Think Investments LP increased its equity in Masonite International Corp (NYSE:DOOR) to 540,400 shares, valued at $36.35 million, which represents 13.43% from its portfolio. For the first quarter of 2015, the company reported an increase of $12.0 million, or 2.8% net sales to $434.5 million, include a 4.9% negative impact of foreign exchange. Masonite International Corp’s net loss in the January-March period expanded to $1.02 per share. The $2.1 billion company’s stock gained 29.65% over the year. Other funds that have large positions in Masonite International Corp (NYSE:DOOR) include Joel Ramin’s 12 West Capital Management with 2.26 million shares, worth $151.78 million, followed by Howard Marks’ Oaktree Capital Management and Archer Capital Management run by Eric Edidin and Josh Lobel.
An interesting move of Think Investments LP during the first quarter, was the purchase of almost 300,000 shares in Autohome Inc (ADR) (NYSE:ATHM), increasing its position by more than 80% to 645,759 shares, valued at $28.39 million. Comparing with the previous quarter, the leading online destination for automobile China consumers ranked up four positions in Think Investments LP’s equity portfolio. Autohome Inc (ADR) (NYSE:ATHM) announced its intention to create a strategic joint venture with HappiGO Home Shopping Co, a Chinese business in TV shopping. The largest shareholders of Autohome Inc (ADR) (NYSE:ATHM) among the funds from our database is Chase Coleman‘s Tiger Global Management LLC with 8.74 million shares, worth $384.08 million.
Six Flags Entertainment Corp (NYSE:SIX) represents Shashin Shah’s fifth largest position, as the hedge fund disclosed holding 494,786 shares worth at $23.39 million. The world’s biggest regional theme park company has a $4.6 billion market cap and its stock gained more than 20% over the year. Due the fact that most of the parks are closed during the January-March period, the company reported net loss of $70.33 million, or ($0.75) diluted EPS, compared to $61.20 million net loss in the same period of the 2014 year. Rehan Jaffer’s H Partners Management, Amy Minella’s Cardinal Capital and Ken Griffin’s Citadel Investment Group are some of the hedge funds that hold significant position in the company.
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