EMC Corporation (NYSE:EMC) declined the most among Singer’s aforementioned stock picks, a quarterly dip of about 13.65%. Elliot’s second largest equity holding contained 33.50 million shares valued at $996.29 million. The fund acquired an activist stake in the data and IT security company in the third quarter and has been urging the company’s management to spin off VMware, Inc. (NYSE:VMW), in which EMC has an 80% stake. Additionally it wants the company to repackage its other businesses as well in order to attract some acquisition interest. In February of this year Elliot agreed to a standstill agreement that runs until September, after the company agreed to put two of the fund’s nominees on its board. Kenneth Mario Garschina‘s Mason Capital Management increased its stake in EMC Corporation (NYSE:EMC) by 89% during the fourth quarter to 15.36 million shares valued at $456.81 million.
Elliot held about 14.90 million shares valued at $549.50 million in Twenty-First Century Fox Inc (NASDAQ:FOX) at the end of 2014. The entertainment company disappointed to the tune of -10.48% in the first quarter. Twenty-First Century Fox, which spun off from News Corp (NASDAQ:NWSA) in 2013 was looking to acquire Time Warner Inc (NYSE:TWX) but later withdrew its bid of $80 billion in light of a drop in its share price following the announcement of the possible acquisition. Donald Yacktman‘s Yacktman Asset Management holds the highest stake in Twenty-First Century Fox Inc (NASDAQ:FOX) among over 700 funds that we track.
Anadarko Petroleum Corporation (NYSE:APC) wasn’t a burden on Elliot’s portfolio like some of the others, as it delivered 0.71% quarterly returns. The oil and gas company has a 37.5% stake in Statoil ASA(ADR) (NYSE:STO)’s Yeti operation. Just this month it was announced that an oil discovery has been made at the Yeti prospect, but the size of the discovery is still being determined. Ken Griffin’s quant-based fund Citadel Investment Group held some 4.92 million shares of Anadarko Petroleum Corporation (NYSE:APC) valued at $406.15 million at the end of the year.
Its position in Juniper Networks, Inc. (NYSE:JNPR) is the third-largest in Elliot’s equity portfolio, being comprised of 39.24 million shares valued at $875.86 million. The stock gained about 1.16% in Q1. The technology company launched a new ‘compute-integrated’ switch and module geared to meet the high throughput and low latency requirements of financial services firms, and begins shipping in Q3. Ric Dillon’s Diamond Hill Capital held 8.45 million shares of Juniper Networks, Inc. (NYSE:JNPR) valued at $188.70 million at the end of 2014.
Disclosure: None
