BP PLC (BP) Loves Apple Inc. (AAPL), Microsoft Corporation (MSFT), Exxon Mobil Corporation (XOM)

In addition to providing energy products and services, BP plc (ADR) (NYSE:BP) holds a diversified equity portfolio, with a market value of more than $2.26 billion, which includes stocks from almost every economic sector. Over the second quarter of 2014, the company acquired 26 new stocks, increased its stakes in another 52 companies, and sold out of 18 of its preexisting positions. Let’s take a look at BP plc (ADR) (NYSE:BP)’s top picks.

Same as in the first quarter of the year, BP plc (ADR) (NYSE:BP)’s largest bet is placed on Apple Inc. (NASDAQ:AAPL). BP declared ownership of 728,000 shares of the tech behemoth, which implies a 6% increase in its stake. BP’s position in Apple Inc. (NASDAQ:AAPL) is worth about $67.6 million, and accounts for almost 3% of its total equity portfolio.

AAPL Apple Store

As most knowledgeable investors are aware, hedge funds love Apple Inc. (NASDAQ:AAPL). Particularly bullish is Carl Icahn’s Icahn Capital, which held 7.53 million shares by the end of the first quarter of 2014. Following a 7:1 stock split in early June, the fund owns 52.76 million shares of the company, worth about $5 billion at current stock prices.

Second in line is Exxon Mobil Corporation (NYSE:XOM), the largest energy company in the world, of which BP plc (ADR) (NYSE:BP) holds 490,000 shares worth almost $50 million. Exxon Mobil Corporation (NYSE:XOM)’s stock accounts for roughly 2.2% of BP’s total equity portfolio.

It is important to mention that Warren Buffett is Exxon Mobil Corporation (NYSE:XOM)’s largest hedge fund investor, with more than 41.12 million shares, declared by the end of the first quarter.

Microsoft Corporation (NASDAQ:MSFT) is also amongst BP’s favorites. The company’s 1.05 million shares stake in Microsoft Corporation (NASDAQ:MSFT) has a market value of $43 million and comprises 2% of its total equity portfolio. The tech giant’s stock is up 15.4% year-to-date, compared to the 4.2% return boasted by the S&P 500 (INDEXSP:.INX).

Ken Fisher’s Fisher Asset Management is betting on all three of the aforementioned companies. The fund boosted its exposure to Microsoft Corporation (NASDAQ:MSFT) by 5% over the second quarter, and now owns 17.68 million shares of the company, worth about $737.5 million.

Johnson & Johnson (NYSE:JNJ) ascended from the eighth spot, displacing Google Inc. (NASDAQ:GOOG) from the fourth. BP plc (ADR) (NYSE:BP) upped its bet on the healthcare giant by 24% over the second quarter, and now owns 385,000 shares of Johnson & Johnson (NYSE:JNJ), worth about $40 million.

Once again, Ken Fisher’s Fisher Asset Management also seems bullish about Johnson & Johnson (NYSE:JNJ), since it last increased its stake by 4%, to 10.44 million shares, worth more than $1 billion.

Finally, there’s Chevron Corporation (NYSE:CVX), which also climbed five positions, from the tenth spot to the fifth. BP plc (ADR) (NYSE:BP) disclosed a 19% increase in its exposure to the energy company, and now owns 252,000 shares of Chevron Corporation (NYSE:CVX).

In addition to BP and Ken Fisher, other major hedge funds are betting on Chevron Corporation (NYSE:CVX), including Phill Gross And Robert Atchinson’s Adage Capital Management, which last disclosed –for the first quarter- ownership of 2.72 million shares.

Disclosure: Javier Hasse holds no position in any stocks or funds mentioned

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. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

On the Move: The 10 Fastest Growing Businesses in 2015

Fast Money: The 10 Highest Paying Fast Food Restaurants

Mixing It Up: The 14 Best Music Mashups of 2014

Rito Pls Buff: The 10 Least Played Champions in LoL Season 4

10 Covers of Popular Songs that are Better than the Originals

Must See TV: The 9 Most Anticipated Shows of 2015

The 15 Biggest Box Office Bombs of All Time

10 Things The World Can’t Stand About Americans

Picture Perfect: The 6 Smartphones with the Best Cameras

The 10 Best Countries To Work In the World

A Profitable Day At The Track: 5 Tips For Betting On Horses

Tearing You Apart: 6 Bad Habits That Ruin Relationships

Learning on the Job: The 6 Biggest Mistakes Parents Make

Shopaholics Rejoice: The 12 Biggest Malls in the World

Fright Night: 10 Horror Movies Based on True Stories

Mach Mania: The 10 Fastest Jets in the World

Military Heavyweights: The 10 Countries with the Most Tanks

All In: The 7 Richest Poker Players in the World

Abracadabra: The 10 Best Magicians in the World

The 10 Richest Asian Countries in the World in 2014

Eyes in the Sky: 10 Things You Need to Know About Drones

Rising Stars: The 6 Best Silicon Valley Startups

Military Muscle: The 5 Most Advanced Armies in South America

All that Glitters: The 7 Most Luxurious Jewelry Brands in the World

5 Things You Didn’t Know About ISIS but Should

Empowering Your Money: The 5 Best Energy Stocks to Invest In

The 11 Best Android Apps You Can’t Get on iOS

The 10 Most Important International Conflicts in 2014

Mood Enhancers: The 20 Most Uplifting Songs of all Time

Lover Beware: The 8 Countries that Cheat the Most

Breath of Fresh Air: The 25 Countries with the Best Air Quality on the Planet

Singles Beware: The 8 Worst Mistakes Made on First Dates

Healthy and Happy: The 10 Countries with Lowest Healthcare Costs

The 6 Best Company Team Building Activities to Build Workplace Camaraderie

Ships Ahoy: The 10 Busiest Shipping Ports in the World

10 Productivity Tips to Save You Time and Help You Do More With Less

Grab a Bite: The Most Popular Fast Food Restaurants in America

Friday Night Thirst: The 10 Most Popular Cocktails in the World

The 6 Greatest Unsolved Mysteries We May Never Figure Out

7 Useless Products You Never Should’ve Bought

The 5 Reasons Why You’re Single and Miserable

The 7 Most Addictive Foods in the World We Can’t Stop Eating (Even Though We Should)

5 Amazing Places You Can Swim with Dolphins

The Top 7 Most Livable Countries In The World

The 10 Most Expensive Baseball Cards Ever Pulled From A Pack

The 5 Easiest Second Languages to Learn for English Speakers

Silver Spoon: The 6 Richest Families in the World

The 20 Countries with the Largest Prison Populations in the World

The Top 10 Richest Actors in the World

The 10 Best Airline Stocks to Invest In Before They Fly Too High

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!