Adobe Systems Incorporated (NASDAQ:ADBE) is another new position added by Hintze in the first quarter. CQS Cayman has a new position of call options underlying 200,000 shares of Adobe Systems, with market value of $14.79 million. Adobe Systems Incorporated (NASDAQ:ADBE) is known for its wide variety of software services and the tech company is planning to increase its market share in the enterprise sector by collaborating with Microsoft Corporation (NASDAQ:MSFT). Under the partnership, the companies are planning to combine the Marketing Cloud Solution of Adobe with the Dynamics CRM of Microsoft to offer a complete enterprise solution to customers. This service would handle all aspects of business including marketing, sales, and service. ValueAct Capital, Lone Pine Capital, and Lee Ainslie‘s Maverick Capital hold substantial positions in Adobe Systems Incorporated.
The investment manager also has call options underlying 400,000 shares of Hewlett-Packard Company (NYSE:HPQ), with a market value of $12.64 million. As per a report on the storage industry from RBC Capital Markets, storage industry leaders including Hewlett-Packard Company (NYSE:HPQ) and International Business Machines Corp. (NYSE:IBM) are likely to cede their market share to new storage companies. Amit Daryanani, an analyst at RBC, was of the opinion that the storage industry is under disruption and is likely to decelerate in the upcoming years. Some of the key new entrants in the storage industry include SanDisk Corporation (NASDAQ:SNDK), Seagate Technology PLC (NASDAQ:STX) and Western Digital Corp (NASDAQ:WDC). Pzena Investment Management, Iridian Asset Management, and AQR Capital Management maintain investments in Hewlett-Packard Company (NYSE:HPQ).
Lastly, Hintze has added a new position of call options for Facebook Inc (NASDAQ:FB) to his portfolio during the first quarter, underlying 150,000 shares of the social network, with the position having a market value of $12.33 million. After the acquisition of Oculus VR® last year, Facebook Inc is all set to release the Oculus Rift VR headset next year. The company has launched standard specifications that would be necessary for using the technology, which include a powerful graphics card equivalent to an NVIDIA GTX 970 or higher, an Intel i5-4590 processor, 8GB of RAM, an HDMI port with 1.3 video output, and two USB 3.0 ports. It is quite evident that running Oculus Rift will require a gaming-level PC. Further, the Oculus chief said that the technology is unlikely to work with laptops and that the tech company is estimating the exact technical specifications. Stephen Mandel‘s Lone Pine Capital, as well as Coatue Management hold large stakes in Facebook Inc (NASDAQ:FB).
Disclosure: None
