Fisher Asset Management’s Latest Moves Involve Veeco Instruments Inc. (VECO), Wright Medical Group Inc (WMGI), OmniVision Technologies Inc. (OVTI) & Others

Ken Fisher’s Fisher Asset Management, revealed in different filing, several moves that have impacted its equity portfolio. One of the companies involved is Veeco Instruments Inc. (NASDAQ:VECO), in which the fund now owns 2.43 million shares, which represents a stake of 6.19% of the company’s common stock. The position remained almost unchanged in comparison with 2.48 million shares reported earlier by the fund.

FISHER ASSET MANAGEMENT

Veeco Instruments Inc. (NASDAQ:VECO) manufactures LEDs, power electronics, flexible OLEDs, hard drives, MEMS and wireless chips through its process equipment solutions. A couple of months ago, Robert Karr‘s Joho Capital, upped its stake in Veeco Instruments to 2.5 million shares from 941,000 shares. Royce & Associates, managed by Chuck Royce, also holds 2.33 million shares of the company.

The fund also disclosed that it owns 2.45 million shares of Wright Medical Group Inc (NASDAQ:WMGI), equal to 5.21% common stock of the company. The position has been trimmed from 2.49 million shares reported previously.

Wright Medical Group Inc (NASDAQ:WMGI), a specialty orthopedic company provides extremity and biologic solutions. Healthcor Management Lp, run by Arthur B Cohen and Joseph Healey, raised its stake in the company in the third quarter of 2013 by 8%, and now holds 3 million shares. While, Roberto Mignone’s Bridger Management, has trimmed its stake by 33% down to 1.42 million shares.

In another filing, the fund reported that it has trimmed its stake in The Ryland Group, Inc. (NYSE:RYL), to 2.61 million shares, equal to 5.64%  of the common stock. The fund held 2.68 million shares earlier.

The Ryland Group, Inc. (NYSE:RYL), is a homebuilder and a leading mortgage-finance company. Crispin Odey’s Odey Asset Management Group, has boosted its position in the company in the third quarter by 228% and now holds 3.18 million shares. Columbus Circle Investors, managed by Donald Chiboucis, also holds 1.72 million shares with a reported value of $69.88 million.

Fisher Asset Management also revealed in another filing, that it has cut its position in the OmniVision Technologies, Inc. (NASDAQ:OVTI), to 2.99 million shares, from 3.04 million shares, as reported in its latest 13F. The current holding represents a 5.35% stake in the company’s common stock.

OmniVision Technologies, Inc. (NASDAQ:OVTI), develops advanced digital imaging solutions. Of other hedge funds that we track, Daniel Benton’s Andor Capital Management holds 1.5 million shares of the company.

In a separate filing, Fisher Asset Management disclosed that it reduced the holding in PMC-Sierra Inc (NASDAQ:PMCS) to 12.24 million shares, from 12.42 million shares. The current holding amasses 6.02% of  the company’s common stock.

PMC-Sierra Inc (NASDAQ:PMCS) innovates semiconductor and software solutions that enable transforming networks to connect, move, and store big data. Cadian Capital, managed by Eric Bannasch, has 5.23% of its equity portfolio invested in the stock and owns around 26.97 million shares. Ralph V. Whitworth’s Relational Investors, is another hedge fund that holds 22.81 million shares of the company.

Disclosure: none

Recommended Readings:

Activist Jeff Smith Sends New Letter to Wausau Paper Corp. (WPP); Nominates Three Directors to the Board

Hedge Fund News: Dan Loeb, Steven Cohen & Bruce Berkowitz

Blue Mountain Capital Management Cuts Stake in Lexmark International Inc (LXK) Below 5%

Biotech Insider Alert - $6 Stock To Hit $40

$200 Million Dollar Healthcare Hedge Fund's #1 Best Idea Right Now

The best healthcare hedge fund out there right now is one of the largest shareholders in this biotech stock. The fund returned more than 20% in each of the last 2 years with a virtually fully hedged portfolio, and it's sending out a BUY signal on this biotech stock. Get your FREE REPORT today (retail value of $300)

This is a FREE report from Insider Monkey. Credit Card is NOT required.
Comments
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

The Oldest Money Managers

The Greatest Directors in the World

Largest Animals in the World

World’s Most Expensive Desserts

Best Selling Comic Books of All Time

A-list Actors who Sabotaged Their Career

Rappers With a College Degree

The Best Jazz Albums of all Time

The Most Influential Jazz Musicians

The World’s Most Famous Photographers

The Best Oscar-Winning Songs

Most Influential Choreographers Ever

Most Expensive Department Stores in the World

The Most Expensive Stolen Paintings in the World

The World’s Most Expensive Teas

Top Oscar Record Holders

The Most Expensive Flowers in the World

Countries With a Booming Film Industry

Most Expensive Cupcakes in the World

Uncommon European Escapes

The Most Stolen Artists in History

Best Travel Destinations in Australia

World’s Most Expensive Musical Instruments

World’s Most Famous Animals

Most Expensive Cakes in the World

Most Expensive Kosher Champagne in the World

Most Expensive Kosher Wine in the World

The Most Surprisingly Dark Fairy Tales

Most Popular Travel Destinations in Asia

The 10 Most Expensive Dresses Ever Worn to the Oscars

World’s Most Visited Art Museums

Best Countries for Photographers to Work in

Best Paid Jobs in the Film Industry

The Most Renowned Recovered Paintings Ever

Child Stars That Turned out Just Fine

Books That Were Banned in the Past Century

World’s Richest Dancers

Best Remedies against Bad Breath

Foods That Improve Your Skin Texture

Best-Selling Children’s Books of all Time

Foods That Boost Your Libido

Best-Selling Books of all Time

The Most Expensive Academy Awards Jewelry in History

Most Expensive Japanese Restaurant In New York City

The Best B-Boy Movies

Most Awesome Hip Hop Documentaries

Foods That Stain Your Teeth

Richest Doctors in the World

The Best Movie Sountracks Ever

The Highest Grossing Musicals on Broadway

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 129% in 2.5 years!! Wondering How?

Download a complete edition of our newsletter for free!