With 625,000 shares valued at $83.08 million, Avago Technologies Ltd (NASDAQ:AVGO) jumped to the second spot in Andor’s equity portfolio, after the investor added 275,000 shares during the second quarter. Avago Technologies Ltd (NASDAQ:AVGO) is a $32 billion company that operates in the wireless communications market. The stock has jumped by 21% year-to-date and trails a P/E of 49.20, which is significantly above the Semiconductor industry average of 18.00. The stock gained a significant level of popularity among hedge funds we track as 71 investors disclosed holding $4.71 billion worth of stock as of the end of June, compared to 46 funds holding $3.10 billion worth of stock a quarter earlier. In this way, the funds we track held more than 13% of the company’s stock at the end of the second quarter. One of the most bullish investors is Andreas Halvorsen‘s Viking Global, which has initiated a stake in Avago Technologies Ltd (NASDAQ:AVGO) that contains 4.77 million shares, according to its latest 13F.
Moreover, Andor doubled its position in Apple Inc. (NASDAQ:AAPL) to 500,000 shares worth $62.71 million as of the end of June. The company’s stock has lost more than 11% since July 21, when the company reported its latest quarterly results, which mostly came above the estimates, but the iPhone sales missed the expectations. Investors are also concerned with Apple Inc. (NASDAQ:AAPL)’s sales in China, as it loses market share in the country aside from the fact that China is currently struggling with a significant slump of its equity markets. Nevertheless, at the end of June, Apple was the second-most popular stock, with 142 funds from our database holding $2.13 billion worth of stock. The largest shareholder of Apple Inc. (NASDAQ:AAPL) in our database is billionaire Carl Icahn, which owns 52.76 million shares, followed by Ken Fisher’s Fisher Asset Management, which holds 11.01 million shares.