Second on the list is Analog Devices, Inc. (NASDAQ:ADI), in which Cantillon Capital Management held 7.52 million shares with a market value of $482.54 million. The fund reduced its stake in the company by 217,700 shares during the second quarter of 2015. The Norwood, Massachusetts-based semiconductor company has posted a share price growth of 72.2% over the past three years. While this appears impressive, it isn’t anywhere close to its competitors, a number of which have seen their shares triple. The company currently has a 13.61% return on equity, which is also below the industry average of 16%. Analog Devices, Inc. (NASDAQ:ADI) pays a dividend with a 2.54% yield, representing 15% growth over the past 3three years. While the company is steady and is excellently managed, it hasn’t been able to attract investors like its competitors. In this stock too, Cantillon Capital Management was the biggest shareholder out of the hedge funds tracked by Insider Monkey as of the end of the first quarter. First Pacific Advisors LLC, managed by Robert Rodriguez and Steven Romick, came in second with 3.80 million shares valued at $239.53 million. Another notable fund holder was Adage Capital Management, holding 1.42 million shares valued at $89.71 million.
Lastly, let’s look at Baidu Inc (ADR) (NASDAQ:BIDU), a Chinese online company in which Cantillon Capital Management held 2.22 million shares of, valued at $442.00 million as of March 31. The company has attracted many investors from outside China and is popular for its solid management. However, the stock is down by about 10% year-to-date, although its revenue has been climbing, a trend it has maintained over the past 25 quarters. The company’s mobile segment has been growing tremendously and was responsible for 50% of its revenue in the second quarter of 2015. Baidu Inc (ADR) (NASDAQ:BIDU) tumbled by about 16% on July 28, hours after releasing its second quarter earnings results and giving disappointing guidance for the third quarter. Rising costs have been cited as the main reason for the weak guidance. The company posted earnings per share of $1.81, beating analysts estimate of $1.80, while it posted revenue of $2.67 billion, up 38.3% on a year-over-year basis. Going into the second quarter, the biggest shareholder out of the more than 700 hedge funds that we track was billionaire Stephen Mandel‘s Lone Pine Capital with 5.28 million shares with a market value of $1.19 billion. Philippe Laffont’s Coatue Management came in at number two with a stake of 3.02 million shares with a market value of $628.92 million. Billionaire Andreas Halvorsen’s Viking Global came in third with 2.43 million shares.
Disclosure: None
