Eagle Capital Management is a hedge fund that was founded by Ravenel Boykin Curry III in 1988. His son, Ravenel Boykin Curry IV, is now partner of the fund. Eagle Capital primarily seeks out value opportunities in the equity markets, so we’re going to take a look at its most recent Q2 13F from the SEC’s database (because it can pay to track hedge fund sentiment).
Here’s his top five:
1. Berkshire Hathaway Inc. (NYSE:BRK.B)
Taking the number one spot is Berkshire Hathaway Inc. (NYSE:BRK.B)’s Class B shares, with a value of $1.29 billion. This is a $160 million increase from the first quarter of 2013, and with this large of a position in the diversified insurance company, we understand why Eagle Capital is known as a value investor. Berkshire trades at fairly attractive multiples across the board, and if you’re one to believe that Warren Buffett has a succession plan, it should reach fair value over the long run.
2. Oracle Corporation (NYSE:ORCL)
Next to Berkshire is Oracle Corporation (NYSE:ORCL), with a near identical value. The tech company sat in this same position in the first quarter, with a value of $967.2 million. Shares of Oracle have lost almost 2% in 2013, so Curry’s conviction is notable.
3. Microsoft Corporation (NASDAQ:MSFT)
Microsoft Corporation (NASDAQ:MSFT) is now in the no. 3 spot replacing Aon Plc. It now has a value of $1.04 billion in Curry’s equity portfolio, helping the position to rise from the No. 9 spot over the past quarter.
4. Aon Plc (NYSE:AON), ($1.01 billion)
Aon Plc (NYSE:AON) fell out of the top three last quarter, but still comes in with a value of $1.01 billion. This is a near $100 million increase over the previous quarter.
5. Liberty Global Plc (NASDAQ:LBTY)
Down slightly in value in Q2, Curry’s stake in Liberty Global’s class C shares is still large; $872 million worth.
We’ll continue to watch Curry and Eagle Capital closely, and for more coverage of 13F season, check out: