Vinit Bodas’ Deccan Value Supremely Confident In Top Picks

Moving on the second-largest holding of Deccan Value Investors, the fund reported owning 1.04 million shares of MasterCard Incorporated (NYSE:MA), which are valued at $97.06 million as of June 30. The shares of MasterCard are currently trading near their all-time high, gaining over 13% since the beginning of the current year. The technology company, which provides transaction processing and other payment-related products and services has recently posted its financial results for the second quarter of this year, which might have assisted the strong performance of the stock. MasterCard posted earnings per diluted share of $0.85 for the quarter, up by 6% from the same quarter a year ago. At the same time, the company reported net revenue of $2.4 billion, marking an increase of 1% year-over-year. To sum up, MasterCard has managed to perform quite well lately despite facing foreign exchange headwinds. From the hedge funds within our database that have already filed their 13F reports for the current period, Steven Mandel’s Lone Pine Capital is among the largest shareholders of MasterCard Incorporated (NYSE:MA), holding a 9.73 million-share position as of June 30.

The position of third-largest holding of Deccan Value Investors is occupied by Twenty-First Century Fox Inc. (NASDAQ:FOXA). The investment firm holds an ownership stake of 2.49 million shares valued at $80.97 million as of June 30. The shares of the diversified media and entertainment company have lost over 21% since the beginning of the year, partly owing to the lower-than-expected financial results it posted for the fiscal fourth quarter of 2015 that ended June 30. Twenty-First Century Fox posted quarterly revenues of $6.21 billion, marking a substantial decrease of $2.22 billion year-over-year. The company’s quarterly income from continuing operations came to $116 million or $0.06 per share, compared to the $966 million or $0.43 per share reported a year ago. At the same time, the entertainment company has recently undertaken a management overhaul, with Lachlan Murdoch appointed as Executive Chairman and James Murdoch named Chief Executive Officer. Yacktman Asset Management, founded and overseen by Donald Yacktman, is one of the largest shareholders of Twenty-First Century Fox Inc. (NASDAQ:FOXA) with nearly 38.18 million shares as of June 30.

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