Apple Inc. (AAPL), Qihoo 360 Technology Co Ltd (QIHU), Mallinckrodt PLC (MNK): Chris Hansen’s Top Stock Picks

Valiant Capital Management, a long/short equity fund run by Christopher Hansen, has recently filed its 13F for the second quarter, disclosing a total of 18 equity positions, with a total value of $1.1 billion. The investor seems to remain focused mainly on large market cap tech stocks, which make around half of his portfolio. The remaining half is filled with investments in the services industry, consumer goods and healthcare. The share of the healthcare industry has in fact increased this quarter with the acquisition of a stake in Mallinckrodt PLC (NYSE:MNK), a Dublin, Ireland-based pharmaceutical company.

AAPL Apple Store

Apple Inc. (NASDAQ:AAPL) stays in the first place as the largest acquisition yet, though Valiant has decreased its stake this quarter by selling 215,000 shares. It still holds close to 1.6 million shares which have a market value of $149 million and make as much as 13.34% of the entire portfolio. According to experts, Apple Inc. (NASDAQ:AAPL) is set to launch its new smartphone, iPhone 6, in September,  hoping to improve eroding margins as it is under increasing pressure from cheaper alternatives. In addition, Apple Inc. (NASDAQ:AAPL) may launch a new iPad

The second place in Hansens’s portfolio is taken by a new investment in Mallinckrodt PLC (NYSE:MNK), where the Seattle-based investor has acquired 1.1 million shares for a total value of $92 million. The stake in the pharmaceutical company is making 8.31% of the portfolio. The business seems to go well at Mallinckrodt PLC (NYSE:MNK), earlier this year it announced the acquisition of Questcor Pharmaceuticals Inc (NASDAQ:QCOR), a $5.75 billion market cap US peer. Also important, yesterday, one of the company’s directors, namely J Martin Carroll, announced the acquisition of 2,000 shares worth around $140.000. In addition, legendary hedge fund Paulson & Co, which is one of the largest shareholders, increased its stake to 6,724,800 shares, purchasing an additional 467,900 shares for a total of $32 million.

On the third place in the Hansen’s portfolio sits Qihoo 360 Technology Co Ltd (NYSE:QIHU), a $24 billion market cap tech company located in Beijing which sells anti-virus software in China. Hansen owns 1 million shares in the company, which is unchanged from the last quarter. The stake has a market value of $91 million and makes 8.25% of the total portfolio value. In addition to Valiant, Jat Capital Management, a hedge fund run by John Thaler is bullish on Qihoo 360 Technology Co Ltd (NYSE:QIHU), holding 1.1 million shares worth $110 million.

Disclosure: none

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

The 10 Countries with the Highest Suicide Rates

The 10 Most Technologically Advanced Countries in the World

The 10 Safest Countries in the World to Live in Peace

The 10 Top Selling Smartphones in the World 2014

The 12 Biggest Shopping Centers in the World

The 10 Friendliest Countries in the World

Qihoo 360 Technology Co Ltd (QIHU), Actavis plc (ACT), Yahoo! Inc. (YHOO) Among 20 Long Ideas from Sohn Canada

The 10 Laziest Countries in the World

The 10 Most Polluted Countries in the World

The 10 Most Dangerous Cities in America 2014

The Top 10 Gold Producing Countries in the World

The 10 Tallest Buildings in the World

The 10 Richest Stand Up Comedians in the World

The 10 Fattest Countries in the World

The 5 Best Summer Jobs for Teens

The 10 Most Religious Countries in the World Keeping the Faith

The 10 Most Educated Countries in the World

The 10 Most Popular Cell Phones in the World

The 10 Drunkest Countries in the World

The 10 Most Expensive Private Schools in the World

The 10 Smallest Countries in the World

Walking Dead Season 5 Spoilers You’ll Wish You Didn’t Know

The 10 Poorest Countries in the World

The 10 Greenest Countries in the World

The Top 10 Countries with the Highest Population in the World

The 10 Most Visited Countries in the World

The Top 10 Star Wars Characters in the Iconic Series

The 10 Most Expensive Android Phones in the World

5 Reasons Why The Illuminati Is Real and a Threat to Society

The 6 Scariest Halloween Costumes Ever Screamed At

The 4 Biggest Hedge Fund Managers in the World Today

The 15 Most Densely Populated Countries in the World

The 10 Biggest Tea Drinking Countries in the World

Top 6 Ways to Improve Your Checkout Process and Close Sales

The 5 Most Profitable Online Businesses You Can Start Today

The 20 Most Profitable Hospitals in the US

The 5 Most Profitable Home Businesses to Start

The 7 Teams that Will Win the Stanley Cup in 2015

The Top 10 Most Expensive Digital Cameras to Snap Stunning Shots With

The 10 Highest Quality Fast Food Restaurants In America Today

The 8 Best Halloween Decorating Ideas to Spook Up Your House

10 Marvel Women that Should Get a Movie Right Now

The 20 Best Remixes of Popular Songs that Will Make You Forget the Originals

7 Most Expensive Cities in the World

5 Least Expensive Cities in the World

10 Celebrities Who Believe In Scientology

10 High Margin Food Products to Build a Business Around

The 10 Most Expensive Clothing Stores in the United States to Get Decked Out At

The 5 Biggest Kickstarter Scams That Swindled Backers’ Donations

The 10 Most Expensive Boarding Schools In the World

Subscribe

Enter your email:

Delivered by FeedBurner

X

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 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!