NetEase Inc (ADR) (NTES), Motorola Solutions Inc (MSI), Weatherford International PLC (WFT): William B. Gray Loves Tech Stocks –and Some Others

William B. Gray’s Orbis Holdings Ltd. is amongst the investment management firms required to declare their long equity positions every quarter. A few weeks ago, the fund publicly disclosed its holdings as of June 30, 2014. Its portfolio, worth more than $12.1 billion, is quite diversified, but has a slight focus on information technology (30.5%) and consumer discretionary (20%) stocks. After starting eight new positions, increasing its stakes in another 32, and closing 18 of its preexisting holdings, the fund’s largest stakes are in NetEase, Inc (ADR) (NASDAQ:NTES), Motorola Solutions Inc (NYSE:MSI) and Weatherford International PLC (NYSE:WFT). In this article we will take a closer look into these companies in order to find out if they are worthy of further research –and consideration as potential investments.

Motorola Solutions logo

 

NetEase, Inc (ADR) (NASDAQ:NTES) is an $11.4 billion market cap internet technology company saw Orbis boost its exposure by 7% over the quarter. The fund now owns 16.98 million shares of the company, worth more than $1.33 billion. This stake accounts for more than 10% of the fund’s equity portfolio’s total value, and makes it the largest hedge fund shareholder of record -amongst those we track. Second in line is Jim Simons’ Renaissance Technologies, which last disclosed ownership of 2.88 million shares of NetEase, Inc (ADR) (NASDAQ:NTES), following a 3% decrease in its position.

A few days ago, NetEase, Inc (ADR) (NASDAQ:NTES) announced a quarterly dividend: stockholders of record on August 29 will be paid a dividend of $0.37 per share on September 5. On an annualized basis, this implies a 1.65% dividend yield.

Over the second quarter, Motorola Solutions Inc (NYSE:MSI) escalated one spot in Mr. Gray’s list. This $14.8 billion market cap communication infrastructure, devices, software and services provider saw Orbis augment its participation by 13% between April 1 and June 30. The fund now owns 11.98 million shares, worth more than $797 million, which make it the second largest hedge fund shareholder of record, only trailing Jeffrey Ubben’s ValueAct Capital, which last disclosed ownership of 28.9 million shares, worth almost $2 billion.

Recently, Motorola Solutions Inc (NYSE:MSI) announced that, despite strong results, management plans to overhaul its cost-cutting initiatives, which are expected to include layoffs and the sale of –more- land at its Schaumburg campus. In a conference, CEO Greg Brown said that the company aims to saving $300 million by late 2015, up from the $200 million previously expected. In addition, the company sold $1.4 billion in bonds, to help refinance debt and fund pension contributions.

Despite a 9% reduction in Orbis’ stake, Weatherford International PLC (NYSE:WFT) also ascended in the fund’s equity portfolio, as American International Group Inc (NYSE:AIG) fell from the second to the fifth place, after the fund sold more than 4.3 million shares of the company. The fund now owns 34.38 million shares of Weatherford International, worth more than $790 million, which make it, once again, the largest hedge fund shareholder among those that we track, trailed by Steve Cohen’s Point72 Asset Management. Point72 last declared ownership of 6.25 million shares of Weatherford International PLC (NYSE:WFT).

This $18.3 billion market cap provider of equipment and services for the oil and natural gas exploration and production industry has also felt analysts’ bullishness as well, lately. In early-August, Zacks reiterated its outperform rating, Global Hunter Securities upgraded the stock from a neutral to a buy in late-April, and UBS did the same, in late-February.

Disclosure: Javier Hasse holds no position in any stocks or funds mentioned.

Comments
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

On the Move: The 10 Fastest Growing Businesses in 2015

Fast Money: The 10 Highest Paying Fast Food Restaurants

Mixing It Up: The 14 Best Music Mashups of 2014

Rito Pls Buff: The 10 Least Played Champions in LoL Season 4

10 Covers of Popular Songs that are Better than the Originals

Must See TV: The 9 Most Anticipated Shows of 2015

The 15 Biggest Box Office Bombs of All Time

10 Things The World Can’t Stand About Americans

Picture Perfect: The 6 Smartphones with the Best Cameras

The 10 Best Countries To Work In the World

A Profitable Day At The Track: 5 Tips For Betting On Horses

Tearing You Apart: 6 Bad Habits That Ruin Relationships

Learning on the Job: The 6 Biggest Mistakes Parents Make

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

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!