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.

Dividend Stock Alert - Billionaire Robbins' Top Dividend Idea With 70% Upside Potential

Get Paid 3.5% Per Year While Waiting For The Stock Appreciate 70%

Larry Robbins' Glenview Capital Opportunity Fund returned 101.7% in 2013 and Robbins personally made $750 million. The same fund returned 25.3% in 2014. In this FREE REPORT we will share Robbins' top dividend idea that yields 3.5% and has been increasing its dividends for 39 consecutive years. Robbins thinks the stock has the potential to appreciate 70%.

This is a FREE report from Insider Monkey. Credit Card is NOT required.
Click here to Read Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 74 percentage points in 2.5 years. Our beta is only 1.2 (download a FREE newsletter and see the details inside)

Lists

Best Selling Magazines in the World

Shortest People in History

The Most Celebrated Holidays in the World

Most Expensive Handbag Brands in the World

Top Selling Comic Book Issues of this Century

The Most Powerful Women in Politics

Best Paid DJs

Most Rebellious Female Artists

Best Paid TV Actresses of 2014

Best Paid Actors of 2014

Most Expensive Horses in the World

Tallest People Ever

Most Encouraging Feminist Celebrities

Best Paid Supermodels of 2014

Top 10 Suburbs for Retirement in 2015

10 Wealthiest Cities in America

Top 10 TED Talks for Entrepreneurs

Best TED Talks on Education

25 Most Dangerous Places to Live in America

Top 10 Ski Resorts in the United States – 2014 List

Top 10 Most Remote Places in the World

Most Visited Museums in the United States

Wealthiest Photographers in the World

Most Famous Gay Athletes

The World’s Most Famous Circuses

Best Hair Stylists

Most Popular NASCAR Drivers

The Best Romance Movies of all Time

The Most Wanted Drug Lords

The Oldest Money Managers

The Greatest Directors in the World

Largest Animals in the World

World’s Most Expensive Desserts

Best Selling Comic Books of All Time

A-list Actors who Sabotaged Their Career

Rappers With a College Degree

The Best Jazz Albums of all Time

The Most Influential Jazz Musicians

The World’s Most Famous Photographers

The Best Oscar-Winning Songs

Most Influential Choreographers Ever

Most Expensive Department Stores in the World

The Most Expensive Stolen Paintings in the World

The World’s Most Expensive Teas

Top Oscar Record Holders

The Most Expensive Flowers in the World

Countries With a Booming Film Industry

Most Expensive Cupcakes in the World

Uncommon European Escapes

The Most Stolen Artists in History

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 129% in 2.5 years!! Wondering How?

Download a complete edition of our newsletter for free!