Intel Corporation (INTC), Foster Wheeler AG (FWLT), Baker Hughes Incorporated (BHI): Billionaire Kerr Neilson’s Top Picks

Based in Australia, Platinum Asset Management was founded by Kerr Neilson in 1994, having worked for Bankers Trust Australia (now BT Australia) prior to that. Platinum Asset currently manages more than A$23 billion worth of assets. The fund’s current equity portfolio has a market value of approximately $5.75 billion as reported in its latest 13F filing. Technology stocks account for approximately 48% of the portfolio, followed by materials with 15% and industrial stocks – 12%. Kerr Neilson employs a value-oriented approach to identify investment opportunities and prefers to invest long term. Forbes estimates Kerr Neilson to be worth approximately $2.9 billion. His top stock positions have suffered significant changes during the second quarter of 2014 and this article will focus on the top 3 current investments.

Kerr Neilson

Intel Corporation (NASDAQ:INTC) is Kerr Neilson’s new favorite, although he has chosen to trim his fund’s stake in the company. In its latest 13F filing, Platinum Asset Management has reported the ownership of 11.4 million shares, down 1% over the quarter, valued at roughly $354 million. Jim Simons is still bullish on Intel Corporation (NASDAQ:INTC) and has bought even more shares during the quarter. His fund, Renaissance Technologies, reportedly holds 17.3 million shares of Intel Corporation (NASDAQ:INTC), valued at more than $535 million.

Neilson has promoted Foster Wheeler AG (NASDAQ:FWLT) and made it his second biggest equity bet. Platinum Asset Management now holds 9.33 million shares, down 7% during the quarter, worth in excess of $318 million. Foster Wheeler AG (NASDAQ:FWLT) is one of Gavin M. Abrams favorite stocks and his second biggest position. His fund, Abrams Bison Investments, holds 5.4 million Foster Wheeler AG (NASDAQ:FWLT) shares, valued at approximately $184 million, as reported in the fund’s latest 13F filing.

Although Neilson has decreased his investment in Baker Hughes Incorporated (NYSE:BHI) by 11% during Q2, the stock ended up being his third largest equity position. Platinum Asset’s holding amasses 4.27 million Baker Hughes Incorporated (NYSE:BHI) shares, an investment valued at roughly $318 million, and which accounts for 5.52% of the fund’s portfolio. Ken Griffin is very bullish on Baker Hughes Incorporated (NYSE:BHI) and has boosted his fund’s stake by 242% during the second quarter. His fund, Citadel Investment Group, has control over 5.37 million shares worth approximately $400 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 Click to see monthly returns in table format!

Lists

The 10 Best-Selling Cars in 2014

The 10 Best Industries to Invest In

The 10 Most Expensive States to Own a Car In

Top 10 Business Schools in US: 2014 Rankings

Top 20 Female Billionaires in 2014

6 Movies That You Should Watch to Better Understand The Cold War

Top 15 Best Paying Jobs for Women in 2014

Top 6 Things Rich People Do Differently Every Day

5 Retirement Mistakes To Avoid (and Einstein’s Famous Quote)

11 Smartest People in the World

6 Films About the Financial World You Need To Watch (While “The Wolf” is Not Around)

Warren Buffett and Billionaires Are Crazy About These 7 Stocks

The Top 10 States With Fastest Internet Speeds

10 Best Places to Visit in USA in August

Top 10 Cities to Visit Before You Die

Top 10 Genetically Modified Food In the US

15 Highest Grossing Movies Opening Weekend

5 Best Poker Books For Beginners

10 Strategies Hedge Funds Use to Make Huge Returns

Top 10 Fast Food Franchises to Buy

10 Best Places to Visit in Canada

Best Summer Jobs for Teachers

10 Youngest Hedge Fund Billionaires

Top 10 One Hit Wonders of the 90s

Fastest Growing Cities In America

Top 10 U.S. Cities for Freelancers

Top 9 Most Popular Free iPhone Apps

Top 10 Least Expensive Private Business Schools in the US

Top 15 Most Expensive Countries in the World – 2014

Top 6 Tax Scams and How to Protect Yourself

Top Businesses to Invest In

Top 5 Things You Might Be Doing Wrong With Your Business

Top 5 Strategic Technology Trends in 2014

Top Rags to Riches Stories

Parenting Behavior That Promotes Future Leaders

Top 5 Mistakes Made by Small Businesses

Top 5 Most Common and Potentially Devastating Financial Blunders

Top 5 Highest Paying Jobs for Web Designers

Top 6 Most Respected Professions that Also Pay Well

Top 5 Pitfalls Investors Should Avoid

Top 6 Lawyers and Policy Makers Under 30

Top 6 New Year’s Resolutions for Entrepreneurs

Top 7 Locations to Check in on Facebook

Top 5 Mistakes made by Rookie eBay Sellers

Top 7 eBook Publishers in 2013

Top 6 Health Industry Trends in 2014

5 Lessons for Entrepreneurs from Seth Godin

Top 5 Success Tips from Jordan Belfort – the Wolf of Wall Street

Best Master’s in Finance Degree Programs

Top 6 Earning Celebrities Over 50

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!