In its recent 13F filing with the U.S. Securities and Exchange Commission, Route One Investment Company, managed by William Duhamel, has revealed its equity positions for the second quarter of 2014, reporting 10 holdings in its equity portfolio. The total value of Route One Investment Company’s portfolio amounted to more than $450 million, down from $589.1 million at the end of first quarter. In this piece, we will talk about the fund’s top three holdings, which include Twenty-First Century Fox Inc. (NASDAQ:FOX), Microsoft Corporation (NASDAQ:MSFT), and Charles Schwab Corp (NYSE:SCHW).
Route One Investment disclosed holding 2.92 million shares of Twenty-First Century Fox Inc. (NASDAQ:FOX), with a value of nearly $100 million. The position remained unchanged over the quarter. The company planned to acquire Time Warner Inc (NYSE:TWX) recently, but has withdrawn its bid at the beginning of August. Other hedge funds betting big on Twenty-First Century Fox Inc. (NASDAQ:FOX) include Donald Yacktman’s Yacktman Asset Management, which holds 44.22 million shares, and Eagle Capital Management, led by Boykin Curry, which owns 20.66 million shares of the company.
On the second spot is Microsoft Corporation (NASDAQ:MSFT), in which the fund upped its stake to 1.96 million shares from 1.56 million shares held previously. The reported value of the fund’s stake is nearly $82 million. According to a recent article by Reuters, Satya Nadella, CEO of Microsoft Corporation (NASDAQ:MSFT), plans to visit China sometime in September as he tries to push for the lessening of investigations into the company’s operations. First Pacific Advisors LLC, run by Robert Rodriguez, reported ownership of 6.9 million shares of Microsoft Corporation (NASDAQ:MSFT). Jeffrey Ubben, the manager of ValueAct Capital, is also a fan of Microsoft Corporation (NASDAQ:MSFT), having increased his fund’s investment in the company by 5% to 74.2 million shares during the second quarter.
Charles Schwab Corp (NYSE:SCHW) is represented as the third largest holding, in which Route One Investment revealed holding 2.11 million shares, worth $56.8 million. Charles Schwab Corp (NYSE:SCHW) is a provider of financial services, which, through its operating subsidiaries, offers a full range of securities brokerage, banking, money management and financial advisory services. For the second quarter of 2014, Charles Schwab Corp (NYSE:SCHW) reported net income of $324 million, compared to $256 million for the same quarter of 2013, according to a press release.
Other largest shareholders of Charles Schwab Corp (NYSE:SCHW) include SPO Advisory Corp, led by John H. Scully, which owns 42.66 million shares, and Patrick Degorce’s Theleme Partners, which holds 10.34 million shares of the company.
San Francisco-based Route One Investment Company was founded by William Duhamel, Jason E. Moment, Ashish H. Pant and Richard H. Voon in 2010.
Disclosure: none
