FireEye Inc (FEYE), Chicago Bridge & Iron Company N.V. (CBI): Trellus Management Company Scores Big From Bets on Tech & Industrials

Trellus Management’s latest 13F revealed that the fund holds a $1.3 million stake comprised of 31,700 shares of Chicago Bridge & Iron Company N.V. (NYSE:CBI). Chicago Bridge & Iron Company N.V. (NYSE:CBI)’s stock advanced by 17.51% in the first quarter of 2015. A new turning point for Chicago Bridge & Iron Company N.V. (NYSE:CBI) was the appointment of Michael S. Taff as the new Chief Financial Officer, effective April, 1. Moreover, the company gave a very optimistic EPS and revenue outlook for 2015. Warren Buffet’s Berkshire Hathaway is Chicago Bridge & Iron Company N.V. (NYSE:CBI)’s largest shareholder among institutional investors with more than 10.7 million shares worth $449.2 million held as of the end of 2015. Another shareholder is David Einhorn’s Greenlight Capital with $123.4 million worth of shares.

The $40.43 billion communication holding American Tower Corp (NYSE:AMT) had a bad first quarter with its stock being down by 4.75%. Trellus Management’s stake in the holding represents 15,000 shares, valued at $1.48 million. Despite the downgrade for American Tower Corp (NYSE:AMT), the company maintained its Buy rating. American Tower Corp (NYSE:AMT) announced several new contracts for the acquisition of nearly 9,000 towers in Africa, another 6,500 towers in Italy, and over 4,800 towers in India. Analysts are being reserved about the new purchases, as they involve integration risks, foreign currency exchange rate risks, stiff competition and increasing operating expenses. Among the funds that we track, Philippe Laffont’s Coatue Management, with a $406.4 million stake, and Charles Akre’s Akre Capital Management with a $397.1 million stake, hold the largest positions in American Tower Corp (NYSE:AMT).

JPMorgan Chase & Co. (NYSE:JPM), the $235.6 billion financial company,  represents another position in Trellus Management’ equity portfolio. The hedge fund holds Call options underlying 60,000 shares of JPMorgan Chase & Co. (NYSE:JPM). At the same time, Trellus Management holds a long position of 11,600 shares of the company. JPMorgan Chase & Co. (NYSE:JPM)’s stock is down by 2.57% over the first three months of the current year. The investors are mostly bullish on the stock and the majority of the analysts rating it as a ‘Buy’ or a ‘Strong Buy’. Lansdowne Partners, Ken Fisher’s Fisher Asset Management and Jean-Marie Eveillard’s First Eagle Investment Management, are among the largest shareholders of JPMorgan Chase & Co. (NYSE:JPM).

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