Billionaire Ken Fisher Loves These Small-Cap Stocks

Page 2 of 2

Keeping the Aspen Technology Inc (NASDAQ:AZPN)’s position unchanged, Fisher Asset Management finished the second quarter of 2015 with 2.34 million shares valued at $106.62 million. Aspen Technology Inc (NASDAQ:AZPN) is a global provider of process optimization software solutions, which are designed to manage and optimize plant and process design, operational performance, and supply chain planning. Over the second quarter of 2015, its stock price soared by 18.43%, mostly on favorable earnings results, as the company beat EPS expectations by 19.40%, posting $0.37 in earnings per share. Scott McLellan’s Marble Arch Investments topped the list of the most prominent shareholders in Aspen Technology Inc (NASDAQ:AZPN) with the total of  3.10 million shares valued at $119.40 million.

Finally, one can find around 2.68 million shares of Webster Financial Corporation (NYSE:WBS) valued at $106.00 million in Fisher’s equity portfolio. Webster Financial Corporation (NYSE:WBS) recently organized its annual investor day, during which the company’s top management laid out growth plans for different business lines for the next three years. The interesting thing is that the bank plans to increase its ROE from 8% to 10% over time. And these are not empty words, as it already allocates available capital to the highest growth businesses. For example, in the last four years the capital allocation to the health savings account and the commercial bank (high-value added divisions) has increased by 36%, whereas capital allocation to the community bank and private bank only increased by 9%. Michael Barnes and Arif Inayatullah’s Tricadia Capital Management held some 2.14 million shares of Webster Financial Corporation (NYSE:WBS) valued at $79.29 million. Note that the managers made a substantial 98% boost to their stake in the company during the first quarter of the year.

Disclosure: None

Page 2 of 2