In the current round of 13F filings, hedge funds and other institutional investors are disclosing their equity portfolios as held at the end of the last year. In this piece, we are going to talk about Patrik Brummer and his fund Zenit Asset Management.
Zenit in its latest 13F, filed with the Securities and Exchange Commission, disclosed an equity portfolio with a total value of about $576.21 million, up from $537.93 million disclosed at the end of the third quarter of 2013.
We have picked the five largest holdings from the Zenit’s equity portfolio, in terms of value, as at the end of last year.
EBAY Inc. (NASDAQ:EBAY) is the first largest holding, in which the fund disclosed a $72.80 million stake, which contains about 1.33 million shares. EBAY Inc. (NASDAQ: EBAY), a global commerce platform and payments leader, reported that the company’s revenue for the fourth quarter ended December 31, 2013 increased 13% to $4.5 billion, compared to the same period of 2012.
In Talisman Energy Inc. (NYSE:TLM), Zenit disclosed a holding that amasses about 4.38 million shares, with a reported value of $51.06 million. Talisman Energy Inc. (NYSE:TLM), a global upstream oil and gas company, in December announced that two of its affiliates have reached agreement to sell their about 12% equity interest in the Ocensa Pipeline in Colombia to an investment group led by Advent International for a total cash consideration of about $595 million.
The next on the list is Chipotle Mexican Grill Inc. (NYSE:CMG) in which the fund disclosed a stake of about $41.23 million. The fund owned 77,500 shares of the company by the end of the year, up from 55,000 shares reported in the third quarter.
The fourth-largest holding in terms of value is a new position, added during the last quarter of 2013. It is represented by EMC Corporation (NYSE:EMC), in which Zenit disclosed ownership of 1.51 million shares, with a reported value of $38.04 million.
And the last, but not the least is Amazon.com, Inc. (NASDAQ:AMZN), in which the fund holds a $29.78 million position, which amasses 75,000 shares. Even though Amazon is still one of the top picks in Zenit’s equity portfolio, the fund has reduced the holding by over 60% during the fourth quarter of last year.