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Comcast Corporation (CMCSA), JPMorgan Chase & Co. (JPM), Nike Inc (NKE): Lansdowne Partners Top Picks in Q2

In its recent 13F filing with the U.S. Securities and Exchange Commission, European hedge fund Lansdowne Partners, managed by Alex Snow, disclosed its equity positions for the second quarter of 2014. The value of the fund’s portfolio amounted to $10.6 billion. The fund focused mainly on Consumer, Finance and Technology stocks during the second quarter. Lansdowne Partners bought more than 5 new stocks over the quarter. From the fund’s portfolio, we have picked three largest holdings, including Comcast Corporation (NASDAQ:CMCSA), JPMorgan Chase & Co. (NYSE:JPM) and Nike Inc (NYSE:NKE).


Lansdowne Partners acquired more Comcast Corporation (NASDAQ:CMCSA) shares during the quarter. The fund reported holding 27.14 million shares, up from 26.80 million shares at the end of the first quarter. The value of the current holding is $1.5 billion. Comcast Corporation (NASDAQ:CMCSA) is a global media and technology company with two primary businesses, Comcast Cable and NBCUniversal. For the second quarter of 2014, the company reported earnings per share (EPS) of $0.76, up by 16.9% from the same period last year.

Aside from Lansdowne Partners, First Eagle Investment Management, led by Jean-Marie Eveillard, holds 22.90 million shares, and Eagle Capital Management, managed by Boykin Curry, owns 15.20 million shares of Comcast Corporation (NASDAQ:CMCSA), our record shows.

JPMorgan Chase & Co. (NYSE:JPM) is second on the list. Lansdowne Partners holds 20.52 million shares of the company, with a reported value of $1.2 billion. Previously, the fund reported ownership of 21.36 million shares of the global financial services company, which is engaged in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, asset management and private equity. It has a market cap of $223.3 billion.

Recently, JPMorgan Chase & Co. (NYSE:JPM) revealed that it became the victim of a hack attack recently and FBI is conducting an investigation on this and other related attacks, which are suspected might have come from Russia. Many people believe the attacks on JPMorgan Chase & Co. (NYSE:JPM) servers to be a result of the sanctions imposed by U.S. and European Union on Russia for its role in helping the Ukrainian insurgents. Though the investigations are still underway, it’s believed that others banks apart from JPMorgan Chase & Co. (NYSE:JPM) have also been hit. Whereas JPMorgan was forthcoming in acknowledging that it was attacked and the scale of the attack, other banks are not declaring as of yet.

On the fifth spot is Nike Inc (NYSE:NKE), in which Lansdowne Partners boosted stake by approximately 2% to 13.43 million shares from 13.26 million shares held previously. The value of the holding is around $1.0 billion. Nike Inc (NYSE:NKE) is the leading designer, marketer and distributor of authentic athletic footwear, apparel, equipment and accessories, and has a market cap of $68.5 billion.

Lansdowne Partners was founded by Sir Paul Ruddock and Steve Heinz in 1998. Lansdowne Partners has $18 billion in assets under management. About three months ago, Alex Snow, the founder of Evolution, was appointed as Chief Executive Officer to succeed Sir Paul Ruddock, who retired from Lansdowne Partners.

Disclosure: none

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