Billionaire Ainslie’s Top Tech Picks

The next top tech pick of Ainslie is represented by his position in Avago Technologies Ltd (NASDAQ:AVGO), in which Maverick Capital slashed its holdings by 11%, leaving on the balance some 2.13 million shares worth $283.75 million. Avago Technologies Ltd (NASDAQ:AVGO) is a $32.66 billion company engaged in the business of supplying the world with op-to-electrics components to integrate into electronic devices. These components are often known as semiconductors and have the ability to transport information, light, and data within devices and from one device to another. A couple of months ago the company agreed to buy Broadcom Corporation (NASDAQ:BRCM) for $37 billion. The most notable thing about the acquired company is the fact that it supplies the chips and technology for the flagship devices of Apple Inc (NASDAQ:AAPL). The purchase creates new opportunities for Avago to better compete with the giants of the industry like Intel (NASDAQ:INTC) and Qualcomm (NASDAQ:QCOM), while still being comparatively small and flexible enough to respond faster than them. The deal is expected to close in the first quarter of 2016, becoming the largest technology acquisition ever. Among the other prominent investors that we follow, Daniel S. Och’s OZ Management owns some 3.41 million shares of Avago Technologies Ltd (NASDAQ:AVGO) valued at $453.20 million.

Finally, Lee Ainslie held about 9.69 million shares of Sabre Corp (NASDAQ:SABR) worth $230.66 million. The $7.65 billion company is a technology solutions provider to the global travel and tourism industry. On a year-to-date basis the stock has skyrocketed by 40.6%, to some extent due to its strong operational performance in the second quarter. According to its latest earnings announcements, Sabre Corp (NASDAQ:SABR) managed to beat both the top and bottom line estimates, posting EPS of $0.27, a $0.03 beat, and revenue of $707.1 million, which was above the expected revenue by $25.48 million. On August 6, Imperial Capital raised its target price for the company’s stock to $35 from $30, while giving it an “Outperform” rating. In the meantime, the shares are changing hands at around $28.50. Following up a 44.46% increase to its position, Ken Griffin’s Citadel Investment Group reported having around 2.12 million shares of Sabre Corp (NASDAQ:SABR) valued at $50.34 million.

Disclosure: None