Marks did already own a position in Chinese search engine company Baidu Inc (ADR) (NASDAQ:BIDU) and reduced it slightly during the first quarter to 127,837 shares with a market value of $26.64 million. The technology company reported its first quarter 2015 financial results on April 29, which were beneath market expectations, with Baidu reporting a 34% year-over-year increase in its quarterly revenue to $2.05 billion against market expectations of 36% growth. Its net quarterly income was actually lower than the year-over-year quarter at $395.1 million, though this actually beat estimates. Baidu Inc (ADR) (NASDAQ:BIDU) has beaten market expectations in six out of the last eight quarters. However, these results were not good enough for investors this time, as shares have declined 12.57% since the earnings results and 16.76% year-to-date. Lone Pine Capital, Coatue Management, and Andreas Halvorsen‘s Viking Global are among the primary investors of Baidu.
Oaktree Capital Management owns convertible bonds of Tesla Motors Inc (NASDAQ:TSLA), holding 9.37 million convertible bonds with a market value of $7.91 million. The electric automaker is known for its high-end automobiles including the award-winning Model S, which sells in the range of $75,000 to $85,000. The shares of Tesla Motors are up 11.29% year-to-date. Tesla has been under pressure for the last couple of quarters primarily because of its sales performance. In its first quarter 2015 results, the electric car manufacturer reported quarterly revenue of $939.88 million, which was 52% higher than the corresponding period in 2014. However, Tesla incurred losses of $154.18 million, which is three times more than its losses from the year-ago quarter. At the same time, industry experts are worried that Tesla’s expenditures on new businesses could affect its bottom line and earnings in the upcoming quarters. Daniel Benton‘s Andor Capital Management has been one of the most bullish investors in Tesla Motors Inc (NASDAQ:TSLA) for the past year and owned a 1.25 million share position as of the end of 2014.