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

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. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

Shopaholics Rejoice: The 12 Biggest Malls in the World

Fright Night: 10 Horror Movies Based on True Stories

Mach Mania: The 10 Fastest Jets in the World

Military Heavyweights: The 10 Countries with the Most Tanks

All In: The 7 Richest Poker Players in the World

Abracadabra: The 10 Best Magicians in the World

The 10 Richest Asian Countries in the World in 2014

Eyes in the Sky: 10 Things You Need to Know About Drones

Rising Stars: The 6 Best Silicon Valley Startups

Military Muscle: The 5 Most Advanced Armies in South America

All that Glitters: The 7 Most Luxurious Jewelry Brands in the World

5 Things You Didn’t Know About ISIS but Should

Empowering Your Money: The 5 Best Energy Stocks to Invest In

The 11 Best Android Apps You Can’t Get on iOS

The 10 Most Important International Conflicts in 2014

Mood Enhancers: The 20 Most Uplifting Songs of all Time

Lover Beware: The 8 Countries that Cheat the Most

Breath of Fresh Air: The 25 Countries with the Best Air Quality on the Planet

Singles Beware: The 8 Worst Mistakes Made on First Dates

Healthy and Happy: The 10 Countries with Lowest Healthcare Costs

The 6 Best Company Team Building Activities to Build Workplace Camaraderie

Ships Ahoy: The 10 Busiest Shipping Ports in the World

10 Productivity Tips to Save You Time and Help You Do More With Less

Grab a Bite: The Most Popular Fast Food Restaurants in America

Friday Night Thirst: The 10 Most Popular Cocktails in the World

The 6 Greatest Unsolved Mysteries We May Never Figure Out

7 Useless Products You Never Should’ve Bought

The 5 Reasons Why You’re Single and Miserable

The 7 Most Addictive Foods in the World We Can’t Stop Eating (Even Though We Should)

5 Amazing Places You Can Swim with Dolphins

The Top 7 Most Livable Countries In The World

The 10 Most Expensive Baseball Cards Ever Pulled From A Pack

The 5 Easiest Second Languages to Learn for English Speakers

Silver Spoon: The 6 Richest Families in the World

The 20 Countries with the Largest Prison Populations in the World

The Top 10 Richest Actors in the World

The 10 Best Airline Stocks to Invest In Before They Fly Too High

Burger Kings: The 10 Most Expensive Burgers in the World

The 10 Most Ethnically Diverse Countries in the World

The 10 Most Exclusive Credit Cards in the World

The 10 Most Expensive Cruise Ships in the World

The 10 Fastest Supercomputers in the World

The 10 Best Countries for Doing Business 2015

6 Most Expensive Fruits In The World

10 Worst Airlines in the World

The 10 Biggest Tax Havens in the World to Stash Your Money

The 15 Most Murderous Countries in the World

10 Largest Colleges in the World: Bigger Isn’t Always Better

Comedians in Cars Getting Coffee: The 6 Comedians Seinfeld Needs to Interview

Easy Money: The 10 Most Successful Investors in the World Today

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!