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

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