Apple Inc. (AAPL), Berkshire Hathaway Inc. (BRK.B), Phillips 66 (PSX): David E. Shaw’s Top Picks in Q2

D.E. Shaw & Co, managed by David E. Shaw, recently filed its 13F with the U.S. Securities and Exchange Commission. The value of the fund’s equity portfolio for the second quarter of 2014 totaled $73.4 billion. D.E. Shaw reported more than 5,000 positions focused on technology, consumer, energy and financial stocks. In this article, we are going to discuss the top holdings of David E. Shaw and his fund for the second quarter.

The first largest holding is represented by Apple Inc. (NASDAQ:AAPL), in which D.E. Shaw revealed ownership of 11.89 million shares, with a reported value of $1.10 billion. Around 150 hedge funds own long positions in Apple Inc. (NASDAQ:AAPL) as of the end of the second quarter. Ken Fisher’s Fisher Asset Management reported holding 10.74 million shares of the company, worth more than $998 million. Carl Icahn holds 52.76 million Apple Inc. (NASDAQ:AAPL) shares which have a total value of $4.9 billion.

Berkshire Hathaway Inc. (NYSE:BRK.B) is on the second position. D.E. Shaw holds 7.31 million shares, worth $924.9 million. The stake represents a 17% decrease from 8.74 million shares the hedge fund held earlier. Last month, Berkshire Hathaway Inc. (NYSE:BRK.B) announced that it completed acquisition a wholly-owned subsidiary of Graham Holdings Company (NYSE: GHC). Aside from D.E. Shaw, Michael Larson’s Bill & Melinda Gates Foundation Trust reported holding 72.04 million shares, and Eagle Capital Management, led by Boykin Curry, revealed ownership of 13.80 million shares of Berkshire Hathaway Inc. (NYSE:BRK.B).

Third most valuable holding is Phillips 66 (NYSE:PSX), in which D.E. Shaw boosted its stake to 9.95 million shares from 7.56 million shares the fund held previously. The market value of holding is $800.2 million. Phillips 66 (NYSE:PSX) is an energy production and logistics company with a market cap of $47.9 billion.  Recently, the company’s board of directors approved an increase in 2014 capital spending to support the company’s growth strategy and authorized the returning of additional capital to shareholders, according to a press release.

Other hedge funds holding big stakes in Phillips 66 (NYSE:PSX) include Steven Richman’s East Side Capital, which owns 3.38 million shares and Long OAR Global Investors, led by Colin Hall and James Davidson, which holds 46,000 shares of the company.

Disclosure: none