Ten Most Popular Services Stocks Among Hedge Funds

Insider Monkey has analyzed 13F filings for the second quarter of 2012 submitted by hundreds of hedge funds and other well-known investors to determine which services stocks hedge funds are buying into and which they are leaving. This analysis includes producing a list of the ten most frequently owned services stocks among the filers in our database. Read on for the full list or compare them to last quarter’s list of the top services stocks among hedge funds.

TIGER MANAGEMENT

Visa Inc (NYSE:V). With Medco Health Solutions having been acquired by Express Scripts, Visa rose to the top of our list. Sixty-seven hedge funds owned Visa at the end of June, up from 66 at the end of the first quarter. Billionaire Julian Robertson, who has been bullish on credit card stocks since last year due to the fact the companies do not actually bear credit risk but benefit from increased payment volume, was one owner of the stock (see more of Robertson’s stock picks).

News Corp (NASDAQ:NWSA). Hedge funds are getting into the owner of the Fox brand despite legal and management troubles as the company plans to split. In theory, management of the child companies should be better able to focus on the individual business units once they are independent, creating shareholder value. Sixty-four hedge funds, including Andreas Halvorsen’s Viking Global, owned News Corp at the end of the quarter, up from 51.

Mastercard Inc (NYSE:MA). Mastercard also saw additions from hedge funds during the second quarter: 60 funds owned the stock at the beginning of April and by the end of June that number had grown to 64. Mastercard trades at 25 times trailing earnings but strong sell-side growth expectations price it at 16 times forward estimates. Billionaire Chase Coleman’s Tiger Global Management- Coleman is a Tiger Cub- increased its position in Mastercard over the course of the quarter.

eBay Inc (NASDAQ:EBAY). 59 hedge funds owned eBay at the end of the second quarter, up from 56. The online auction site and owner of PayPal more than doubled its earnings in its most recent quarter compared to a year earlier, and now trades at 17 times trailing earnings. Billionaire Stephen Mandel and his team at Lone Pine Capital initiated a 13.9 million share position in the stock. Find other stocks Lone Pine owns.

Tyco International Ltd. (NYSE:TYC). Tyco’s 55 hedge fund owners at the end of the second quarter was down from 63 at the end of the first quarter. The security and fire protection company trades at 20 times trailing earnings and 13 times forward earnings estimates. SAC Capital Advisors, managed by billionaire Steve Cohen, increased its position by 44% to 3 million shares.

Priceline.com Inc (NASDAQ:PCLN). 50 hedge funds had owned Priceline at the beginning of the quarter, growing to 53 by the end of June. Billionaire Ken Fisher’s Fisher Asset Management was one of the funds which initiated a position in the stock, closing the quarter with about 600,000 shares. Priceline is priced for high growth, with a trailing price-to-earnings ratio of 27. Its earnings grew 74% last quarter compared to a year ago.

Amazon.com, Inc. (NASDAQ:AMZN). Amazon is another stock dependent on high growth to justify its valuation: its $110 billion market capitalization represents a trailing P/E of about 300. Hedge funds generally didn’t mind this valuation, with ownership slipping from 51 funds to 50. Blue Ridge Capital, managed by former Julian Robertson second-in-command John Griffin, was one of the funds reporting a position in Amazon.

Lowe’s Companies, Inc. (NYSE:LOW). Lowe’s was the top brick-and-mortar retailer on our list, slipping slightly from 50 hedge funds reporting a position last quarter to 49 this quarter. Edgar Wachenheim’s Greenhaven Associates owned over 12 million shares of the stock.

Liberty Media Corp (NASDAQ:LMCA). 47 hedge funds owned Liberty Media at the end of June, up slightly from 46 at the beginning of April. Warren Buffett and Berkshire Hathaway liked Liberty Media, nearly doubling their position to 5.5 million shares.

Wal-Mart Stores, Inc. (NYSE:WMT). Wal-Mart broke onto our list of the top ten services stocks; it dropped from 51 hedge fund holders to 46, but other stocks that had been more widely owned became more widely sold. Billionaire George Soros bucked the trend and initiated a large position in Wal-Mart during the second quarter; according to the 13F, it is now his largest stock holding.

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

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

6 Ways to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

10 Best Places to Visit in Central and South America

The 10 Greatest Empires in History Which Nearly Conquered the World

The 6 Cheapest Boarding Schools In America 2015

5 Clear Reasons LoL is Better than DotA, Continues to Rule MOBAs

The Only 9 Teams with a Chance to Win the Super Bowl

The 15 Most Common Phobias in America that Induce Fits of Panic

Top 6 Least Expensive Tourist Destinations in 2014

Jim Goetz, Peter Fenton, Jim Breyer: Top 6 Venture Investors for 2014

Top 15 Billionaires in 2014

5 Pitfalls To Avoid When Buying a Franchise

Top 20 Medical Schools in the US – 2014 Rankings

4 Business Strategies that Turned Jamie Oliver into the World’s Richest Chef

6 Qualities That Make You A Good Team Player

10 High Paying Seasonal Jobs in America this Holiday Season

The 10 Busiest Shipping Lanes in the World

5 Most Valuable Brands in China

The 10 States with Highest Substance Abuse Rates Crippling Their Populace

The Top 10 Things to Do Before You Die That Will Echo for Eternity

The 10 Best Selling Items on Etsy

Top 10 Things to Do in Tokyo, the Greatest City in the World

10 Mistakes on Social Media that Can Harm You and Will Probably Get You Canned

The 10 Best Cities to Find Jobs in 2014

The 10 Most Controversial Songs Of All Time to Hit (and get Banned from) the Airwaves

The 20 Biggest IPOs in US History

The 10 Best Places to Visit in Mexico that Are Beautiful and Safe

7 Bad Habits that Age You Beyond Your Years

The 40 Best Fortune Cookie Sayings That Will Leave You Bemused, Befuddled, or Beguiled

10 Foods to Eat Before a Workout to Make Every Drop of Sweat Count

The 5 Best Documentaries On Netflix You Must See

The Most Heartwarming and Inspirational Story Of This Halloween Season, It Will Make You Cry and Jump For Joy

10 Best Party Songs of All Time to Bring the House Down With

5 New World Order Conspiracy Theories that Will Strangle the World

The 10 Highest Rated Movies of 2014

The 10 Largest Container Shipping Companies in the World

The 10 Largest Armies in the World: Who Should We Be Afraid Of?

Best Warren Buffett Quotes on Money You Need to Hear

The 10 Highest Suicide Rates by Profession

The 20 Most Underrated Movies of All Time

The 10 Fastest Growing Companies in America

The 10 Biggest Outlet Malls in USA

The 5 Most Popular Rap Songs of All Time

The 10 Countries that Eat the Most Meat

The10 Most Expensive Countries to Fly To

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!