Cryder Capital’s Top New Pick And Old Favorites

Google Inc. (NASDAQ:GOOG) jumps into Ferdinand Groos’ top stock picks measured by the value of shares held by his hedge fund. At the end of the second quarter, Cryder Capital Partners had 9,904 Class A common shares and 16,512 Class C common shares of Google Inc. (NASDAQ:GOOG) in its portfolio, with a combined market value of $13.94 million. The shares of Google have increased by more than 23% since the beginning of the year despite experiencing a sluggish second quarter, with shares dropping by 2.6% during that period. Nonetheless, they could go even further, as analysts believe that the tech giant is well positioned to grow over the next few years. Google has reached new highs this year thanks to its impressive earnings report presented on July 16. From the pool of over 700 hedge funds that we track, Andreas Halvorsen’s Viking Global was the largest investor in Google Inc. (NASDAQ:GOOG) on March 31, holding 1.64 million Class A shares and 841,187 Class C shares of the company.

Last on our list is Roper Technologies Inc. (NYSE:ROP), in which Cryder Capital Partners reported selling 1,753 shares of during the second quarter, ending the trimester with 79,637 shares valued at $13.73 million. Roper Technologies, formerly known as Roper Industries Inc., is a diversified technology company operating in four main segments. The shares of Roper have grown by 10% year-to-date, delivering a return of 0.4% over the second quarter, and it is highly likely that the company will move higher, as Roper is expected to post a positive earnings surprise today, July 27. The company reported promising financial results for the first quarter of 2015, with both revenues and earnings higher on a year-over-year basis, so analysts believe the second quarter results will not disappoint either. Within our database, Dan Loeb’s Third Point was among the primary investors in Roper Technologies Inc. (NYSE:ROP) on March 31, owning 1.6 million shares of the company.

Disclosure: None