Leighton Welch’s Welch Capital Partners Is Betting On These Stocks

Welch Capital Partners’ second-largest equity investment was in Grupo Televisa SAB (ADR) (NYSE:TV), with the fund owning 452,351 shares valued at $17.56 million. The shares of the entertainment firm have lost their momentum after its second quarter 2015 earnings results on July 7 failed to meet expectations. Prior to the quarterly results, the shares of Grupo Televisa SAB (ADR) (NYSE:TV) were up by 13.84% year-to-date, but understandably sank after the announced 40% decline in the net income of the firm, falling by 14.3% between July 6 and August 10. What makes these results even more gloomy is the fact that Grupo Televisa SAB (ADR) (NYSE:TV) has now fallen short of the market’s earnings expectations in each of the last four quarters. Among the hedge funds that we track at Insider Monkey, Ken Fisher’s Fisher Asset Management holds 3.33 million shares of the company as of June 30, a $129.31 million stake.

Oracle Corporation (NYSE:ORCL) is the next largest equity investment of Welch Capital, which holds 434,463 shares valued at $17.51 million in its portfolio. The investment manager reduced its stake in the enterprise-solution provider slightly in comparison with the previous quarter, selling 3,883 shares. Oracle, which is one of the biggest software companies in the World, has also struggled after its latest quarterly financial results, for the fiscal fourth quarter of 2015, with its shares down by 13.61% year-to-date, with the losses being primarily incurred after the June 17 earnings release. The tech company missed the earnings as well as revenue expectations of Wall Street, posting adjusted EPS of $0.78 on revenues of $10.71 billion. Analysts were expecting EPS of $0.86 over revenues of $10.92 billion. Oracle Corporation (NYSE:ORCL) pinned its dismal quarterly results on a stronger U.S. dollar, adding that its revenue would have been 3% higher if not for the foreign exchange rates. The market has a mixed response to the shares of Oracle, with analysts at Zacks Research rating it a “Sell”, whereas analysts at Jefferies have upgraded it to a “Buy” rating, with a price target of $50 per share. Donald Yacktman‘s Yacktman Asset Management holds just over 30.0 million shares of Oracle as of June 30, though it sold off over 5.0 million shares during the second quarter in the position it opened two years prior.

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