Millennium Management’s Subsidiary Blue Arrow Capital Loves These Stocks

Blue Arrow Capital Management, a subsidiary of Millennium Management, which is led by Israel Englander. It is headquartered in New York and has an equity portfolio worth more than $658.2 million, which is mainly focused on Services stocks, this sector comprising more than 55% of its total value. Blue Arrow Capital Management also invests in technology stocks, which represents over 20% of its total value.

DISH Network Corp (NASDAQ:DISH)

In its latest 13F, Blue Arrow Capital Management disclosed a total of 121 positions, including more than 70 new holdings. DISH Network Corp (NASDAQ:DISH) represents the largest holding, in which the fund boosted its position to 583,702 shares, from 35,454 shares held previously. DISH Network Corp (NASDAQ:DISH) is a provider of pay-television (TV) and has a market cap of $27.3 billion. In its most recent 13F, Kevin Michael Ulrich and Anthony Davis’ Anchorage Advisors disclosed a $110.86 million stake in DISH Network Corp (NASDAQ:DISH), trimming its exposure by approximately 14% to 1.78 million shares.

Grupo Televisa SAB (ADR) (NYSE:TV) is another significant holding, in which the fund owns a $34.6 million stake comprising 1.04 million shares. The company is engaged in TV broadcasting and has a market cap of $19.3 billion. The largest shareholders of Grupo Televisa SAB (ADR) (NYSE:TV) include Jean-Marie Eveillard’s First Eagle Investment Management and Michael Larson’s Bill & Melinda Gates Foundation Trust, owning 33.30 million shares and 16.88 shares, respectively.

In Advance Auto Parts Inc. (NYSE:AAP), Blue Arrow Capital Management increased its position to 183,500 shares, worth $23.21 million, from 95,000 shares reported earlier. Advance Auto Parts Inc. (NYSE:AAP), which provides automotive aftermarket parts in North America, reported first-quarter 2014 earnings per share (EPS) of $2.25, compared to $1.66 to in the first quarter of last year. Total sales for the first quarter rose by 47.3% on the year to $2.97 billion.

Tiffany & Co. (NYSE:TIF) is fourth on the list. Blue Arrow Capital Management upped its stake in the company to 258,722 shares, with a reported value of $22.29 million. Previously, the fund owned 114,115 shares of Tiffany & Co. (NYSE:TIF), which operates jewelry stores and manufactures products in the Americas, Asia-Pacific, Japan and Europe, as well as in the United Arab Emirates and Russia. For the first quarter of 2014, the company reported a 50% increase in earnings to $126 million, or $0.97 per diluted share, up from $84 million, or $0.65 per diluted share, in last year’s first quarter.

Ctrip.com International Ltd. (ADR) (NASDAQ:CTRP) is another important holding, in which the fund disclosed ownership of 433,505 shares, up from 354,455 shares held previously. Ctrip.com International Ltd. (ADR) (NASDAQ:CTRP), which provides accommodation reservation, transportation ticketing, packaged tours, and corporate travel management in China, reported net income attributable to the company’s shareholders of $19 million for the first quarter of 2014, down 25% year-on-year. Recently, Ctrip.com International Ltd. (ADR) (NASDAQ:CTRP) entered into an investment agreement with Tongcheng Network Technology Share Co. Ltd., a local attraction ticket service provider that operates LY.com, to become the second largest shareholder of Tongcheng Network for consideration in cash equivalent to over US$200 million, according to a statement.

Also, Blue Arrow Capital Management sold out its stakes in Amazon.com Inc. (NASDAQ:AMZN) and American Eagle Outfitters (NYSE:AEO), unloading 6,184 shares and 100,000 shares, respectively.

Disclosure: none

Recommended Reading:

Hedge Fund News: Marc Lasry, Seth Klarman & Jonathan Savitz

Tim Curro’s Value Holdings Bets on Services Sector

Keypoint Capital Management Bets Big on Financial Stocks

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 Countries with the Highest Suicide Rates

The 10 Most Technologically Advanced Countries in the World

The 10 Safest Countries in the World to Live in Peace

The 10 Top Selling Smartphones in the World 2014

The 12 Biggest Shopping Centers in the World

The 10 Friendliest Countries in the World

Qihoo 360 Technology Co Ltd (QIHU), Actavis plc (ACT), Yahoo! Inc. (YHOO) Among 20 Long Ideas from Sohn Canada

The 10 Laziest Countries in the World

The 10 Most Polluted Countries in the World

The 10 Most Dangerous Cities in America 2014

The Top 10 Gold Producing Countries in the World

The 10 Tallest Buildings in the World

The 10 Richest Stand Up Comedians in the World

The 10 Fattest Countries in the World

The 5 Best Summer Jobs for Teens

The 10 Most Religious Countries in the World Keeping the Faith

The 10 Most Educated Countries in the World

The 10 Most Popular Cell Phones in the World

The 10 Drunkest Countries in the World

The 10 Most Expensive Private Schools in the World

The 10 Smallest Countries in the World

Walking Dead Season 5 Spoilers You’ll Wish You Didn’t Know

The 10 Poorest Countries in the World

The 10 Greenest Countries in the World

The Top 10 Countries with the Highest Population in the World

The 10 Most Visited Countries in the World

The Top 10 Star Wars Characters in the Iconic Series

The 10 Most Expensive Android Phones in the World

5 Reasons Why The Illuminati Is Real and a Threat to Society

The 6 Scariest Halloween Costumes Ever Screamed At

The 4 Biggest Hedge Fund Managers in the World Today

The 15 Most Densely Populated Countries in the World

The 10 Biggest Tea Drinking Countries in the World

Top 6 Ways to Improve Your Checkout Process and Close Sales

The 5 Most Profitable Online Businesses You Can Start Today

The 20 Most Profitable Hospitals in the US

The 5 Most Profitable Home Businesses to Start

The 7 Teams that Will Win the Stanley Cup in 2015

The Top 10 Most Expensive Digital Cameras to Snap Stunning Shots With

The 10 Highest Quality Fast Food Restaurants In America Today

The 8 Best Halloween Decorating Ideas to Spook Up Your House

10 Marvel Women that Should Get a Movie Right Now

The 20 Best Remixes of Popular Songs that Will Make You Forget the Originals

7 Most Expensive Cities in the World

5 Least Expensive Cities in the World

10 Celebrities Who Believe In Scientology

10 High Margin Food Products to Build a Business Around

The 10 Most Expensive Clothing Stores in the United States to Get Decked Out At

The 5 Biggest Kickstarter Scams That Swindled Backers’ Donations

The 10 Most Expensive Boarding Schools 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 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!