Argentiere’s Top Tech Stocks Include Apple Inc. (AAPL) and Yahoo! Inc. (YHOO)

At the end of the second quarter of 2015, Argentiere Capital held a total of 57,300 shares of Apple Inc. (NASDAQ:AAPL), valued at $7.19 million. The fund increased its exposure to Apple by over four percentage points to 4.75% by the end of second quarter. Apple Inc. (NASDAQ:AAPL) is the world’s biggest company in terms of market capitalization, standing at a whopping $716.84 billion. The Company’s products and services include iPhone, iPad, Mac, iPod, Apple TV, a portfolio of consumer and professional software applications, the iOS and OS X operating systems, iCloud, and a variety of accessory, service, and support offerings. The Company also delivers digital content and applications through the iTunes Store, App StoreSM, iBookstoreSM, and Mac App Store. While the Mac is an oft-overlooked component of Apple’s business now, Mac unit shipments and revenue surged by 9% in the most recent quarter. Apple’s shares had a very tame second quarter by its standards of late, returning just 0.79%, while they are down slightly in July. Another major shareholder of the stock heading into the third quarter is Ken Fisher’s Fisher Asset Management, which owns 11.02 million shares of the company, and is surely hoping for better things to come.

At the end of the second quarter of 2015, Argentiere Capital held a total of 45,000 shares of Yahoo! Inc. (NASDAQ:YHOO), with a market value of $1.77 million. The fund’s holding in the stock moving into the third quarter of 2015 represented 1.17% of its total portfolio value. Yahoo! Inc. (NASDAQ:YHOO) is engaged in providing Internet search, communication services, and digital content. Its market cap is $36.51 billion. Recently, Yahoo filed to spin-off its stake in Alibaba, naming the new public company as Aabaco Holdings, Inc. Yahoo plans to distribute all of the outstanding shares of Aabaco Holdings pro rata to its shareholders. Immediately after the spin-off, Aabaco Holdings will own approximately 384 million shares of Alibaba Group, representing an ownership interest of approximately 15% in Alibaba Group, and a 100% ownership interest in Yahoo Small Business (a necessary element of the spinoff). The spin-off is expected to be completed in the fourth quarter of 2015. Another shareholders ss of the stock is Daniel S Och’s OZ Management, which held 14.65 million shares of the company as of  March 31.

Disclosure: None