Aramark (ARMK), Baidu Inc. (BIDU) Among Billionaire Lee Ainslie’s New Stock Picks

Maverick Capital also reported the purchase of a new equity stake amounting to 1.09 million shares in Baidu Inc. (NASDAQ:BIDU), which was valued at $227.74 million at the end of the first quarter. According to its latest financial results, Baidu generated revenues of $5.15 million during the first quarter and achieved revenue growth of 34.4% year-over-year, which is dominated the industry average of 5.8%. However, the company’s earnings per share dropped by 6% when contrasted to the same figure in 2014’s first quarter. The stock of the company has declined by over 11% since the beginning of the current year, but a turnaround is not too far off according to analysts, who expect an improvement in the company’s future earnings. In the meantime, William Von Mueffling’s Cantillon Capital Management remains bullish on Baidu Inc. (NASDAQ:BIDU), owning 2.29 million shares as of March 31.

Lee Ainslie’s Maverick Capital acquired a new equity stake of 6.03 million shares in Micron Technology Inc. (NASDAQ:MU), with his fund’s position in the American producer of semiconductor devices being worth $163.57 million at the end of March. Despite the fact that Micron’s shares have declined by slightly more than 20% in 2015 as the company’s operations have been distressed by the strong U.S. dollar, it seems that the company is making a turnaround lately. Looking ahead, the volume of Micron’s products is expected to increase significantly in the upcoming months given the increasing use of memory in mobile devices. Indeed, the company’s performance is strongly linked to the revolution of the mobile device industry and Internet of Things, therefore, it’s probable that the stock could keep increasing over time. In addition to Ainslie, billionaires David Einhorn, Andreas Halvorsen and Seth Klarman are some of the investors who own sizable stakes in Micron Technology Inc. (NASDAQ:MU).

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