Yahoo! Inc. (YHOO), Apple Inc. (AAPL), Facebook Inc (FB): John Burbank’s Top New Tech Stock Picks

John Burbank’s Passport Capital seems to become bullish on tech stocks. At least this is what his latest 13F filing with the Security and Exchange Commission suggests. As of the end of the second quarter Passport Capital had a portfolio of 298 positions worth around $6 billion. Breaking down the portfolio by sector allocation, the share of financial stocks far outstrips the consumer discretionary, with the former claiming 40% and the latter 18%.  The tech industry makes about 11.7% of the portfolio, which is just a notch less than the energy sector share of 11.9%. In this article we will take a look at the top three new positions in terms of value from the tech sector.

John Burbank PASSPORT CAPITAL

Burbank has bought 562,003 shares of Yahoo! Inc. (NASDAQ:YHOO), which have a current market value of $20 million. The stake in Yahoo! Inc. (NASDAQ:YHOO) makes about 0.33% of the investor’s portfolio. Yahoo! Inc. (NASDAQ:YHOO) is also loved by John Thaler’s  JAT Capital Management, who is much more bullish on the stock owning  8.8 million shares worth $311 million.

In addition to the stake in Yahoo! Inc. (NASDAQ:YHOO), Burbank acquired this quarter 223,338 shares of Facebook Inc (NASDAQ:FB), which have a market value of around $15 million. The Facebook Inc (NASDAQ:FB) stake makes 0.25% of the investor’s portfolio. Other investors that own stakes in Facebook Inc (NASDAQ:FB), include Andreas Halvorsen’s Viking Global with 4 million shares worth $275 million and David Tepper’s Appaloosa Management with 3.5 million shares valued at $241 million.

Burbank has also added Apple Inc. (NASDAQ:AAPL) to his equity portfolio. He has bought 125,788 shares worth $11.6 million, which make around 0.20% of his portfolio. The investor has made a small bet on the stock as rumors continue to build around a possible release date of a new version of Apple Inc. (NASDAQ:AAPL)’s flagship product, iPhone 6. In addition to Burbank, legendary activist investor Carl Icahn is bullish on Apple Inc. (NASDAQ:AAPL). He owns 52.7 million shares which have a market value of $4.9 billion.

Disclosure: none

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 Best Industries to Invest In

The 10 Most Expensive States to Own a Car In

Top 10 Business Schools in US: 2014 Rankings

Top 20 Female Billionaires in 2014

6 Movies That You Should Watch to Better Understand The Cold War

Top 15 Best Paying Jobs for Women in 2014

Top 6 Things Rich People Do Differently Every Day

5 Retirement Mistakes To Avoid (and Einstein’s Famous Quote)

11 Smartest People in the World

6 Films About the Financial World You Need To Watch (While “The Wolf” is Not Around)

Warren Buffett and Billionaires Are Crazy About These 7 Stocks

The Top 10 States With Fastest Internet Speeds

10 Best Places to Visit in USA in August

Top 10 Cities to Visit Before You Die

Top 10 Genetically Modified Food In the US

15 Highest Grossing Movies Opening Weekend

5 Best Poker Books For Beginners

10 Strategies Hedge Funds Use to Make Huge Returns

Top 10 Fast Food Franchises to Buy

10 Best Places to Visit in Canada

Best Summer Jobs for Teachers

10 Youngest Hedge Fund Billionaires

Top 10 One Hit Wonders of the 90s

Fastest Growing Cities In America

Top 10 U.S. Cities for Freelancers

Top 9 Most Popular Free iPhone Apps

Top 10 Least Expensive Private Business Schools in the US

Top 15 Most Expensive Countries in the World – 2014

Top 6 Tax Scams and How to Protect Yourself

Top Businesses to Invest In

Top 5 Things You Might Be Doing Wrong With Your Business

Top 5 Strategic Technology Trends in 2014

Top Rags to Riches Stories

Parenting Behavior That Promotes Future Leaders

Top 5 Mistakes Made by Small Businesses

Top 5 Most Common and Potentially Devastating Financial Blunders

Top 5 Highest Paying Jobs for Web Designers

Top 6 Most Respected Professions that Also Pay Well

Top 5 Pitfalls Investors Should Avoid

Top 6 Lawyers and Policy Makers Under 30

Top 6 New Year’s Resolutions for Entrepreneurs

Top 7 Locations to Check in on Facebook

Top 5 Mistakes made by Rookie eBay Sellers

Top 7 eBook Publishers in 2013

Top 6 Health Industry Trends in 2014

5 Lessons for Entrepreneurs from Seth Godin

Top 5 Success Tips from Jordan Belfort – the Wolf of Wall Street

Best Master’s in Finance Degree Programs

Top 6 Earning Celebrities Over 50

The most expensive sports to play

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!