D E Shaw Makes Massive Investments in Apple, Disney, More

Bristol-Myers Squibb Co (NYSE:BMY)

– Shares Owned by D.E. Shaw & Co., L.P. (as of September 30): 7.28 million

– Value of D.E. Shaw & Co., L.P.’s Holding (as of September 30): $392.78 million

D.E. Shaw bought 6.02 million shares of Bristol-Myers Squibb Co (NYSE:BMY) in the third quarter, ending the period with a total of 7.28 million shares of the company. The updated position has a net worth of $392.78 million. The company recently disclosed that it received approval from European Commission for its Hodgkin lymphoma drug, Opdivo (Nivolumab).  Bristol-Myers Squibb reported third quarter EPS $0.77 on $4.83 billion revenue, above the forecasts of $0.65 EPS and $4.79 billion revenue. For full year 2016, the company sees EPS of $2.80-$2.90, versus prior guidance of $2.55-$2.65 and the consensus of $2.63. At the end of the September quarter, 50 hedge funds from our system held long positions in Bristol-Myers Squibb Co (NYSE:BMY).

United Technologies Corporation (NYSE:UTX)

– Shares Owned by D.E. Shaw & Co., L.P.’s (as of September 30): 3.20 million

– Value of D.E. Shaw & Co., L.P.’s Holding (as of September 30): $325.32 million

D.E. Shaw upped its stake in United Technologies Corporation (NYSE:UTX) by 95% in the third quarter. The fund now owns a total of 3.20 million shares of the Connecticut-based company, as of the end of Q3. The company earned $1.76 a share in the third quarter, above the estimates of $1.67 a share, while revenue in the quarter came in at $14.4 billion, versus the consensus estimate of $14.27 billion. Ken Fisher’s Fisher Asset Management owns 8.32 million shares of United Technologies Corporation (NYSE:UTX), as of the end of the third quarter.

Alphabet Inc (NASDAQ:GOOG)

– Shares Owned by D.E. Shaw & Co., L.P.’s (as of September 30): 413,192

– Value of D.E. Shaw & Co., L.P.’s Holding (as of September 30):    $321.17 million

D.E. Shaw boosted its stake in Alphabet Inc (NASDAQ:GOOG) by 109% in the third quarter, amassing a total of 413,192 shares of the company. The aggregate value of the position is $321.17 million. Google’s parent company reported third quarter EPS of $9.06, versus the analyst estimate of $8.64, while revenue of $22.25 billion was in-line with the estimates. The stock is up down around 1% so far this year.   A total of 137 hedge funds in Insider Monkey’s database owned shares of Alphabet Inc (NASDAQ:GOOG), as of the end of the third quarter.

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