Did Empire Capital’s Bets on Amazon.com, Inc. (AMZN), Priceline.com Inc (PCLN) & Other Stocks Pay Off?

Empire Capital Management bought a fresh stake in Avago Technologies Ltd (NASDAQ:AVGO) in the June quarter, having amassed a total of 15,000 shares of the company valued at $2.33 million. The stock returned 11.4% in the following three months. At the end of June, there were 74 funds tracked by us holding shares of the company, up by 9% on the quarter. More specifically, Silver Lake Partners, managed by Jim Davidson, Dave Rouxáand, and Glenn Hutchins, held the number one position in Avago Technologies Ltd (NASDAQ:AVGO), which was valued at $1.65 billion at the end of March. The second largest stake was held by Viking Global, managed by Andreas Halvorsen, which held a $1.59 billion position. Some other professional money managers with similar optimism comprised Ken Griffin’s Citadel Investment Group, Eric W. Mandelblatt’s Soroban Capital Partners, and Doug Silverman and Alexander Klabin’s Senator Investment Group.

Empire Capital Management acquired 2,350 shares of Amazon.com, Inc. (NASDAQ:AMZN) worth $1.68 million in the second quarter. The bet paid off as the stock surged by 17% in the following three months. At the end of the second quarter, 145 funds followed by our team amassed stakes in Amazon, a change of 9% from the previous quarter. Viking Global was the largest shareholder of Amazon.com, Inc. (NASDAQ:AMZN), with a stake worth $2.35 billion reported as of the end of June. Trailing Viking Global was Fisher Asset Management, which amassed a stake valued at $1.50 billion. Lansdowne Partners, Eagle Capital Management, and Lone Pine Capital also held valuable positions in the company.

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