Argentiere Capital’s Deepak Gulati Reshuffles His Top Picks; Goes Into Mastercard, AIG, Intel & More

Schlumberger Limited. (NYSE:SLB)

– Shares Owned by Argentiere Capital (as of June 30): 64,898

– Value of Argentiere Capital’s holding (as of June 30): $5.13 million

Argentiere Capital also acquired a stake in Schlumberger Limited. (NYSE:SLB), which contained 64,898 shares worth $5.13 million. The company has cut down on its operations in Venezuela and has laid off employees who are working at Maracaibo Lake to the Orinoco Belt. Rising debt, along with untimely payment from Petroleos de Venezuela (PDVSA), has been one of the main concerns for Schlumberger Limited. (NYSE:SLB) of late. Among the funds tracked by us, 55 funds are long the stock as of the end of June.

Intel Corporation (NASDAQ:INTC)

– Shares Owned by Argentiere Capital (as of June 30): 150,537

– Value of Argentiere Capital’s holding (as of June 30): $4.94 million

In Intel Corporation (NASDAQ:INTC) the fund bought 150,537 shares worth $4.94 million during second quarter. Intel Corporation (NASDAQ:INTC) has been interested in selling its McAfee division and in July Bloomberg reported that  a number of firms, including Permira Holdings and Thoma Bravo, might be interested to buy it. Overall, 57 funds tracked by us held shares of Intel Corporation (NASDAQ:INTC) with total value of $3.41 billion at the end of June.

Dow Chemical Co (NYSE:DOW)

– Shares Owned by Argentiere Capital (as of June 30): 96,599

– Value of Argentiere Capital’s holding (as of June 30): $4.80 million

The last, but not least is Dow Chemical Co (NYSE:DOW), in which Argentiere reported a $4.80 million stake that contains 96,599 shares. Recently, Dow Chemical Co (NYSE:DOW) along with other companies like Monsanto, Bayer, DuPont, and Syngenta formed an alliance to protest against a proposal made by the Indian government, which states that foreign seed companies should share their genetically-modified crop technology with domestic companies. At the end of the second quarter, 48 funds tracked by us held shares of Dow Chemical Co (NYSE:DOW) with an aggregate value of $2.54 billion.

Disclosure: None