Diamondback Energy Inc (FANG), Amazon.com, Inc. (AMZN): Charles Davidson’s Picks Dominated S&P 500 in Q1

At the end of 2014, Wexford held nearly 119,000 shares of Alibaba Group Holding Ltd (NYSE:BABA), valued at $12.3 million and representing 2.38% of the fund’s equity portfolio. Alibaba Group Holding Ltd (NYSE:BABA)’s investors had a rough first quarter as the stock of the e-commerce giant dropped by 20% in 2015. Rob Citrone’s Discovery Capital Management, George Soros‘ Soros Fund Management and Dan Loeb’s Third Point are a few of the other funds that hold large long positions in the company. Investors continue to feel nervous about Alibaba Group Holding Ltd (NYSE:BABA) as the lockup period for the stock expired last month. Also the company has come under criticism from a Chinese government agency regarding fake goods being sold on its platforms.

Moreover, during the last quarter of 2014, Davidson raised the fund’s position in Baidu Inc (ADR) (NASDAQ:BIDU) by more than 50% to 44,300 shares valued at $10.1 million, equal to 1.94% of the equity portfolio. Baidu Inc (ADR) (NASDAQ:BIDU)’s stock lost 8.5% during the first quarter of 2015, but investors remain bullish on the stock. Again, Rob Citrone of Discovery Capital Management is one of the investors with a significant long stake in Baidu Inc (ADR) (NASDAQ:BIDU), alongside billionaires Stephen Mandel, Andreas Halvorsen, Daniel S. Och, and Ken Fisher.

Davidson made an interesting new pick in the last quarter of 2014 by adding 17,000 shares of Amazon.com, Inc. (NASDAQ:AMZN), with the $5.3 million stake amassing 1.02% of the fund’s equity portfolio. The stock of Amazon.com, Inc. (NASDAQ:AMZN) gained 19.8% in the first quarter of 2015. Among the funds we track, Landsdowne Partners, has the largest stake, followed by Ken Fisher’s Fisher Asset Management. On the other hand, Julian Robertson of Tiger Management is short Amazon.com, Inc. (NASDAQ:AMZN), holding ‘Put’ options underlying 160,000 shares of the e-commerce company.

Disclosure: none