Tekne Capital Management’s Largest Technology and Other Stock Picks

Tekne Capital Management is a New York based financial investment advisory firm founded and managed by Beeneet Kothari, a former portfolio manager at Point State Capital, which is a spinout of Stanley Druckenmiller‘s Duquesne Capital. Founded in 2012, the fund disclosed an equity portfolio, with a core focus on global TMT and related sectors, worth $1.79 billion in its second 13F filing, corresponding to the first quarter of 2014.

The fund declared holding 52 different stock positions, of which 23 were started over Q1, and another 17 of the preexisting ones saw its stake increase. More than 56% of the equity portfolio’s value is comprised of technology stocks, 22% – of services stocks, and 17% is amassed by ETFs.

CBS Corporation (NYSE:CBS)

Mr. Kothari’s fund’s largest long equity position is the one at CBS Corporation (NYSE:CBS), the $34 billion market cap mass media company. During the first quarter, Tekne –more than- doubled its stake in CBS Corporation (NYSE:CBS), and now owns 641,954 shares, worth almost $40 million. This position accounts for over 2% of the fund’s equity portfolio.

Tekne’s “alma mater” (so to put it) also holds a multi-millionaire position in the company. Sean Cullinan’s Point State Capital owns about 6.8 million shares of CBS Corporation (NYSE:CBS), worth more than $420 million.

In the second spot, you’ll find Google Inc (NASDAQ:GOOG), in which Kothari’s fund reported holding 35,546 shares, worth close to $40 million, as well. Over the first quarter of 2014, the fund increased its wage in the internet giant by 42%.  Another fund that recently boosted its bet on Google Inc (NASDAQ:GOOG) is D. E. Shaw, which upped its exposure by 77% over Q1.

SBA Communications Corporation (NASDAQ:SBAC) owns and operates wireless communication towers in the United Sates and Brazil. SBA Communications Corporation (NASDAQ:SBAC) expanded into Brazil in December 2012 with the purchase of 800 freestanding wireless towers.  Over the quarter, Tekne almost doubled its exposure to the company, and now owns 431,656 shares, worth about $39 million. Another fund that doubled its bets on the communications company is Glenn Russell Dubin’s Highbridge Capital Management, which last declared holding 200,182 SBA Communications Corporation (NASDAQ:SBAC) shares.

Over Q1, the fund also started a position in Facebook Inc (NASDAQ:FB), the $162 billion market cap social networking behemoth. The fund disclosed ownership of 649,900 shares of the company, worth more than $39 million. Another fund that bought shares of Facebook Inc (NASDAQ:FB) during the first quarter is John Overdeck And David Siegel’s Two Sigma Advisors, which acquired 839,130 shares of the company.

Finally, there’s another new position: Polycom Inc (NASDAQ:PLCM), a $1.8 billion market cap open, standards-based unified communications and collaboration (UC&C) solutions provider. Over the first quarter, Mr. Kothari purchased over 2.8 million shares, worth almost $39 million.

As reported in a previous article, George Soros’s Soros Fund Management upped its stake in Polycom Inc (NASDAQ:PLCM) by 72%, and now owns 9.45 million shares, worth almost $130 million. This makes it the largest hedge shareholder, amongst those that we track.

Disclosure: Javier Hasse holds no position in any stocks mentioned

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

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 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

The most expensive sports to play

Top 7 Earning Celebrities Under 25

Best 7 Online Courses to Take: Free Finance MOOCs

Top 6 Bad Habits that Promote Failure

20 Most Valuable Soccer Teams in the World in 2013

12 Most Expensive Countries for Foreign Students

Top 30 Most Influential Women in the World

Top 20 Most Expensive New Year Eve Shows

Top 5 Best Vocational Careers

Top 10 Jobs for 2014 by Salary Gain (Predictions)

Top 5 Digital Trends for 2014

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!