Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Drew Cupps Bets on Most Popular Tech Stocks

Page 1 of 2

As we approach the end of the current round of 13F filings, we see investors disclosing their equity portfolios held as of the end of 2014. One of the investors that has recently filed its 13F form is Drew CuppsCupps Capital Management. The fund with an equity portfolio valued at $1.12 billion reported a total of 219 positions. Cupps’ portfolio is very diversified with all positions amassing less than 4% of the total value. Mr. Cupps’ has been betting heavily on the technology sector, which at the end of 2014 represented almost 40% of the total equity portfolio value. Among other stocks, the investor has been investing in some of the most popular tech stocks such as Apple Inc. (NASDAQ:AAPL)Facebook Inc (NASDAQ:FB), and Alibaba Group Holding Ltd (NYSE:BABA).

Drew Cupps - Cupps Capital Management

Drew Cupps is focusing on value investing and has been involved in research and identifying attractive investments since 1992, when he was working as an analyst at Richard Driehaus’ Driehaus Capital Management. Cupps follows a philosophy that is based on valuation and fundamental and technical variables as the primary drivers of stock performance. In this way, it is easy to see why Mr. Cupps has been bullish on the technology sector, which has had strong returns over the last several years. Over the last year, tech stocks returned on average around 19%, beating the S&P 500, which gained some 14%.

While, Cupps Capital invests in a majority of tech companies, among its investments are also seven out of the top 10 tech stocks that hedge funds that we track are betting on. The fund disclosed ownership of 117,119 shares of Apple Inc. (NASDAQ:AAPL) as of the end of December, while the $12.93 million position amasses 1.16% of the equity’s portfolio total value. During the third quarter, the fund trimmed its stake by selling around 1,800 shares, while the stock appreciated by 10% during the October-December period. Apple Inc. (NASDAQ:AAPL) has recently surprised the market as it announced the highest earnings ever reported by a public company with its profit for the fourth quarter of 2014 amounting to $18 billion. Moreover, Apple also enjoys the backing of some of the greatest investors on Wall Street, such as Carl Icahn, David Shaw, David Einhorn, among others. Overall, at the end of the third quarter of 2014, 153 funds among those that we track held long positions in Apple Inc. (NASDAQ:AAPL).

Page 1 of 2

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!