Franco-Nevada Corporation (FNV), Amazon.com, Inc. (AMZN), Veeco Instruments Inc. (VECO): Hugh Hendry’s Top Stock Picks

Medium-cap, Large-cap, Small-cap. This is how the top three stock picks of Hugh Hendry’s Eclectica Asset Management, which has reported its holdings for the second quarter of 2014 may be described shortly. The London-based investor has around $130 million assets under management and generally loves macro and industry bets, but has individual companies as well, which range from the tech industry to oil and gas.

This quarter, the investor has bought 122,300 shares worth $7 million in Franco-Nevada Corporation (NYSE:FNV), an $8.7 billion medium sized Canadian gold-focused royalty and stream company with interests in platinum, oil and gas. Year-to-date Franco-Nevada Corporation (NYSE:FNV)’s stock is up by an impressive 49%, mostly on strong earnings results. In the most recent quarter, Franco-Nevada Corporation (NYSE:FNV) reported an increase in revenue of 15% over the second quarter of 2013, to $107.7 million. Adjusted net income stood at $36 million or $0.24 per share. According to the company’s CEO, David Harquail, the strong results are due to Franco-Nevada Corporation (NYSE:FNV)’s diversified portfolio and this quarter a big chunk of the contribution to the growth is attributed to the oil and gas assets. In addition to Hugh Hendry, Jorge Paulo Lemann‘s 3G Capital owns the stock with 200,000 shares  worth $9 million.

Amazon.com Inc. (AMZN)

Another new acquisition that became the second largest of Hugh Hendry’s portfolio, is Amazon.com, Inc. (NASDAQ:AMZN), where the investor has purchased 15,250 shares which have a total market value of $4.8 million. The London-based hedge fund has seen opportunity in a stock that fell close to 20% year-to-date as investors grow increasingly tired waiting for the company to turn profitable. In the second quarter Amazon.com, Inc. (NASDAQ:AMZN) reported a net loss of $0.27 per share or $125 million missing analysts’ expectations of a loss of just $0.14-a-share or $64 million. The total sales, however, were in line with the analysts’ expectations and Amazon.com, Inc. (NASDAQ:AMZN)’s own guidance, showing an increase of 23 percent year-over-year, to $19.34 billion. The company is also owned by Ian Mukherjee‘s Amiya Capital, who acquired in the most recent quarter 26,500 shares worth $9 million.

Veeco Instruments Inc. (NASDAQ:VECO), a 1.4 billion market cap LED manufacturer has seen its stock jump close to 7% year-to-date, slightly beating the NASDAQ Composite Index by 1.5%. Hugh Hendry seems to be bullish on the stock, increasing its position by 27,800 shares, to 117,500 in the second quarter. The total value of the Veeco Instruments Inc. (NASDAQ:VECO) stake is worth around $4.3 million. In addition to Eclectica,  Boykin Curry‘s Eagle Capital Management owns 2.66 million shares worth $111 million

Disclosure: None

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

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

The Most Successful Reality TV Stars

Cheapest Cities to Visit in the US

Most Expensive Summer Camps

Most Expensive Animals in the World

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!