Duquesne Capital Looking For Winner In This IPO After Stock Picks Suffer In Third Quarter

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Another tech company that Duquesne held a significant stake in was Microsoft Corporation (NASDAQ:MSFT), with some 1.40 million shares representing 4.16% of its portfolio. The stock traded nearly sideways during the September trimester. ValueAct Capital, which is led by Jeffrey Ubben is another strong believer in the Microsoft Corporation (NASDAQ:MSFT) turnaround story under Satya Nadella, as it held about 75.27 million shares of the tech giant at the end of June.

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eBay Inc (NASDAQ:EBAY) represented 1.33% of Duquesne’s portfolio, as the family office held about 777,000 shares at the end of June. Shares of the e-commerce company fell by almost 60% during the September quarter due to the Paypal Holdings Inc (NASDAQ:PYPLspinoff in July. JP Morgan recently reiterated its ‘Neutral’ rating for eBay, but lowered its price target on the stock to $32 from $33. Famous activist investor Carl Icahn’s Icahn Capital LP tops our list of eBay Inc (NASDAQ:EBAY) shareholders, as it held over 46.27 million shares of the company valued at $2.79 billion at the end of June.

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Disclosure: None

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