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%

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 Click to see monthly returns in table format!

Lists

The 10 Best Selling Role Playing Games of All Time for PC

10 Most Influential Papers In Economics

Top 8 Biggest Charities in the US

10 Worst Celebrity Career Moves Ever

Top 10 Best Paid Tennis Stars in the World

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

6 Ways to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

10 Best Places to Visit in Central and South America

The 10 Greatest Empires in History Which Nearly Conquered the World

The 6 Cheapest Boarding Schools In America 2015

5 Clear Reasons LoL is Better than DotA, Continues to Rule MOBAs

The Only 9 Teams with a Chance to Win the Super Bowl

The 15 Most Common Phobias in America that Induce Fits of Panic

Top 6 Least Expensive Tourist Destinations in 2014

Jim Goetz, Peter Fenton, Jim Breyer: Top 6 Venture Investors for 2014

Top 15 Billionaires in 2014

5 Pitfalls To Avoid When Buying a Franchise

Top 20 Medical Schools in the US – 2014 Rankings

4 Business Strategies that Turned Jamie Oliver into the World’s Richest Chef

6 Qualities That Make You A Good Team Player

10 High Paying Seasonal Jobs in America this Holiday Season

The 10 Busiest Shipping Lanes in the World

5 Most Valuable Brands in China

The 10 States with Highest Substance Abuse Rates Crippling Their Populace

The Top 10 Things to Do Before You Die That Will Echo for Eternity

The 10 Best Selling Items on Etsy

Top 10 Things to Do in Tokyo, the Greatest City in the World

10 Mistakes on Social Media that Can Harm You and Will Probably Get You Canned

The 10 Best Cities to Find Jobs in 2014

The 10 Most Controversial Songs Of All Time to Hit (and get Banned from) the Airwaves

The 20 Biggest IPOs in US History

The 10 Best Places to Visit in Mexico that Are Beautiful and Safe

7 Bad Habits that Age You Beyond Your Years

The 40 Best Fortune Cookie Sayings That Will Leave You Bemused, Befuddled, or Beguiled

10 Foods to Eat Before a Workout to Make Every Drop of Sweat Count

The 5 Best Documentaries On Netflix You Must See

The Most Heartwarming and Inspirational Story Of This Halloween Season, It Will Make You Cry and Jump For Joy

10 Best Party Songs of All Time to Bring the House Down With

5 New World Order Conspiracy Theories that Will Strangle the World

The 10 Highest Rated Movies of 2014

The 10 Largest Container Shipping Companies in the World

The 10 Largest Armies in the World: Who Should We Be Afraid Of?

Best Warren Buffett Quotes on Money You Need to Hear

The 10 Highest Suicide Rates by Profession

The 20 Most Underrated Movies of All Time

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!