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

The 10 Countries with the Highest Suicide Rates

The 10 Most Technologically Advanced Countries in the World

The 10 Safest Countries in the World to Live in Peace

The 10 Top Selling Smartphones in the World 2014

The 12 Biggest Shopping Centers in the World

The 10 Friendliest Countries in the World

Qihoo 360 Technology Co Ltd (QIHU), Actavis plc (ACT), Yahoo! Inc. (YHOO) Among 20 Long Ideas from Sohn Canada

The 10 Laziest Countries in the World

The 10 Most Polluted Countries in the World

The 10 Most Dangerous Cities in America 2014

The Top 10 Gold Producing Countries in the World

The 10 Tallest Buildings in the World

The 10 Richest Stand Up Comedians in the World

The 10 Fattest Countries in the World

The 5 Best Summer Jobs for Teens

The 10 Most Religious Countries in the World Keeping the Faith

The 10 Most Educated Countries in the World

The 10 Most Popular Cell Phones in the World

The 10 Drunkest Countries in the World

The 10 Most Expensive Private Schools in the World

The 10 Smallest Countries in the World

Walking Dead Season 5 Spoilers You’ll Wish You Didn’t Know

The 10 Poorest Countries in the World

The 10 Greenest Countries in the World

The Top 10 Countries with the Highest Population in the World

The 10 Most Visited Countries in the World

The Top 10 Star Wars Characters in the Iconic Series

The 10 Most Expensive Android Phones in the World

5 Reasons Why The Illuminati Is Real and a Threat to Society

The 6 Scariest Halloween Costumes Ever Screamed At

The 4 Biggest Hedge Fund Managers in the World Today

The 15 Most Densely Populated Countries in the World

The 10 Biggest Tea Drinking Countries in the World

Top 6 Ways to Improve Your Checkout Process and Close Sales

The 5 Most Profitable Online Businesses You Can Start Today

The 20 Most Profitable Hospitals in the US

The 5 Most Profitable Home Businesses to Start

The 7 Teams that Will Win the Stanley Cup in 2015

The Top 10 Most Expensive Digital Cameras to Snap Stunning Shots With

The 10 Highest Quality Fast Food Restaurants In America Today

The 8 Best Halloween Decorating Ideas to Spook Up Your House

10 Marvel Women that Should Get a Movie Right Now

The 20 Best Remixes of Popular Songs that Will Make You Forget the Originals

7 Most Expensive Cities in the World

5 Least Expensive Cities in the World

10 Celebrities Who Believe In Scientology

10 High Margin Food Products to Build a Business Around

The 10 Most Expensive Clothing Stores in the United States to Get Decked Out At

The 5 Biggest Kickstarter Scams That Swindled Backers’ Donations

The 10 Most Expensive Boarding Schools In the World

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!