This Indicator Says Jason Karp’s Picks Had Another Strong Quarter in Q2, Led By These Stocks

The total position of Tourbillion Capital Partners in Amazon.com Inc (NASDAQ:AMZN) included 365,000 shares worth $135.82 million at the end of March. The position was increased by 83% during the first quarter. During the second quarter, Amazon.com Inc (NASDAQ:AMZN)’s bet returned Karp and other shareholders 19.20% in equity gains. Currently Amazon is planning to boost its sales and profitability through the new Amazon Prime service. For a $99 per year subscription, customers get quite a few pleasant bonuses, including two-day shipping of many items, without a minimum purchase threshold, free Kindle books to borrow, and a free video streaming service. On July 15, Amazon will host a Prime Day with attractive discounts and daily deals to celebrate its anniversary and promote the service. Ken Fisher‘s Fisher Asset Management held some 2.47 million shares worth $917.46 million.

The total position of Tourbillion Capital Partners in Horizon Pharma Inc (NASDAQ:HZNP) included 2.67 million shares worth $69.21 million after the first three months of the year, a 114% increase from its position on December 31. The company is engaged in the production and development of medicine for various arthritis, inflammation, and orphan diseases. During the April – June period, the stock of this $5.55 billion biopharmaceutical company surged by 38.40%. This week Horizon Pharma announced its plans to acquire Depomed Inc (NASDAQ:DEPO) for some $29.25 per share. The management of Horizon believes that this deal will increase revenues and profits greatly through operational synergies. In the meantime, James E. Flynn‘s Deerfield Management owns around 12.79 million shares of the company, valued at $332.23 million as of March 31, having increased its own holding of Horizon Pharma Inc (NASDAQ:HZNP)’s stock by 10% during the first quarter of this year.

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