Google Inc (GOOG), Apple Inc. (AAPL), Pandora Media Inc (P) & More Bets From This Billion-Dollar Hedge Fund

Andor Capital Management was founded in 2001 by former Art Samberg/Pequot Capital Management employees, Daniel Benton and Christopher James. We follow the activity of Andor Capital Management and other top-tier hedge funds by tracking their quarterly 13F filings with the SEC. Empirical evidence suggests that there is potential for market outperformance if you know where to look.

A brief rundown of Andor’s best bets

In the latest round of 13F filings fluttering in for the second quarter, Andor Capital reported that its most valuable position was in Google Inc (NASDAQ:GOOG). The hedge fund disclosed ownership of 175,000 shares, the value of the stake amounting to almost $154.1 million. This was an increase in its Google Inc (NASDAQ:GOOG) stake by 25,000 shares.

Google Inc (GOOG)Who else is long Google?

According to our database, a host of other elite fund managers are bullish on Google’s prospects, including Stephen Mandel’s Lone Pine Capital and Charles de Vaulx’s International Value Advisers.

Charles de Vaulx will be presenting his latest investment idea at the 9th New York Annual Value Investing Congress, the event CNBC dubbed “The Superbowl of Value Investing.”  The event takes place September 16 & 17, 2013 at Jazz at Lincoln Center’s Frederick P. Rose Hall and some of the world’s most successful investors are slated to attend, including Jeff Ubben, Mick McGuire, and Alex Roepers, to name a few.  In addition, this year’s event will feature a special presentation by Tyler and Cameron Winklevoss.  For your special Insider Monkey discount, go to www.ValueInvestingCongress.com/InsiderMonkey and use discount code N13IM4.

The best of the rest

Next is Micron Technology, Inc. (NASDAQ:MU), represented in Andor’s 13F by 5.0 million shares, worth $71.7 million. It is a new position, and the stock of Micron Technology, Inc. (NASDAQ:MU) has an impressive year-to-date return of over 132% while trading at a P/E just south of 8.0x.

In Apple Inc. (NASDAQ:AAPL), the hedge fund disclosed 125,000 shares, worth almost $50 million. In its previous 13F filing with the SEC, Andor’s stake in Apple Inc. (NASDAQ:AAPL) contained 100,000 shares and was worth $44.3 million. Apple Inc. (NASDAQ:AAPL)’s stock has returned close to -10% since the beginning of the year, though recent buys by Carl Icahn and Jim Simons may boost shares moving forward.

We should also mention the $45.8 million position held by Benton’s hedge fund in Taiwan Semiconductor Mfg. Co. Ltd. (ADR) (NYSE:TSM). The stake contains 2.5 million shares and represents a new addition to the Andor 13F portfolio made during the second quarter of 2013.

Pandora Media Inc (NYSE:P), in which the hedgie holds a $45.8 million position, sits at No. 5. This is another new position, and is a clear vote of confidence in the streaming radio company, which recently tweaked its content model to increase the frequency of its in-radio advertisements. With more fragmentation on the streaming radio industry’s horizon from the likes of Google and Apple, it’s intriguing that Andor would become a bull now.

With that in mind, we’d also recommend keeping an eye on Mario Gabelli’s GAMCO Investors, Thomas Bailard’s Bailard Inc., and Jeffrey Smith’s Starboard Value as 13F filings continue to roll in.

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 Click to see monthly returns in table format!

Lists

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

The 10 Fastest Growing Companies in America

The 10 Biggest Outlet Malls in USA

The 5 Most Popular Rap Songs of All Time

The 10 Countries that Eat the Most Meat

The10 Most Expensive Countries to Fly To

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!