Tesla Motors Inc (TSLA), Twitter Inc (TWTR), Apple Inc. (AAPL), Facebook Inc (FB), Google Inc (GOOG): Andor Capital Management Loves Tech Stocks

Daniel Benton‘s Andor Capital Management recently disclosed its Form 13F for the second quarter of 2014. The fund has an equity portfolio of more than $1.8 billion dollars, with over 58% of its resources allocated to the information technology sector of the economy. The remainder is mostly spent on the consumer discretionary sector (35.3%). Now, lets take a look at some of Benton’s top stock picks for the quarter.

First on the list is Tesla Motors Inc (NASDAQ:TSLA), a $32.65 billion market cap company that designs, develops, manufactures and sells electric vehicles and advanced electric vehicle powertrain components. Andor Capital currently has approximately $300 million invested in Tesla Motors Inc (NASDAQ:TSLA) –or 1.25 million shares, which make up about 16% of the fund’s overall portfolio.

Tesla Motors Inc (NASDAQ:TSLA)

Also investing in Tesla Motors Inc (NASDAQ:TSLA) this quarter is D.E. Shaw‘s D E Shaw fund. After increasing its participation by 2% last quarter, the fund holds 1.87 million shares, worth about $450.7 million.

Twitter Inc (NYSE:TWTR), a $27.54 billion market cap company, rose from third to second spot in this list over the course of the second quarter. After increasing its holdings by 11% last quarter, Andor Capital holds 5 million shares, with a market value of around $204.8 million, in Twitter Inc (NYSE:TWTR), the company that operates as global platform for public self-expression and conversation in real time.

Ken Griffin’s Citadel Investment Group showed similar activity in relation to Twitter Inc (NYSE:TWTR). After raising its exposure by 76%, the fund holds 1.73 million shares, worth nearly $71 million.

Coming in third on Benton’s list is Facebook Inc (NASDAQ:FB), which rose from the fifth up to the third position in this list over last quarter. The fund increased its stake with the company by 50% over the period, and now holds 3 million shares, worth around $201.8 million, in Facebook Inc (NASDAQ:FB), the $191.44 billion market cap social media company. Moreover, this position makes up 10.95% of the fund’s total equity portfolio.

In addition, D.E. Shaw’s D E Shaw Fund is betting on Facebook Inc (NASDAQ:FB) this quarter as well. Even though the fund dropped its holdings by 3% last quarter, it still has 7.12 million shares, worth just over $479 million.

Next up is Apple Inc. (NASDAQ:AAPL), the $593.76 billion market cap company that designs, manufactures and markets mobile communication and media devices, personal computers, and portable digital music players, and a variety of related software. Benton’s fund rose its exposure to Apple Inc. (NASDAQ:AAPL) by 20% last quarter, and now has a total of 2.1 million shares, worth about $195.1 million. This position makes up for 10.6% of the fund’s entire equity profile.

Billionaire Ken Fisher is another large shareholder in the company. His hedge fund, Fisher Asset Management, followed Andor’s movement, also raising its investment with Apple Inc. (NASDAQ:AAPL), by 5%. Following this activity last quarter, the fund holds 10.74 million shares, with a market value of about $998.5 million.

Finally, Benton’s fifth choice for the quarter is Google Inc (NASDAQ:GOOGL), the $397.33 billion market cap global technology company. Google fell from its previous position of second on this list last quarter, as the fund showed no change in its investment with the company, while seeing a rise in its activity with a myriad of others. Andor Capital currently holds 200,000 shares of Google Inc (NASDAQ:GOOGL), worth approximately $116.9 million.

Once again, Ken Griffin’s Citadel Investment Group has a big stake in Google Inc (NASDAQ:GOOGL). The fund purchased 175,414 shares over last quarter, and now has a total of 546,164 shares, worth about $319.3 million.

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

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!