Horizon Pharma PLC (HZNP), Apple Inc. (AAPL): How Billionaire Mark Kingdon’s Picks Performed in Q1

The position in CBRE Group Inc (NYSE:CBG) accounts for approximately 2.5% of the fund’s portfolio. Mark Kingdon increased the fund’s exposure to the company by 66% during the fourth quarter of 2014, holding 1.7 million shares valued at $56.7 million at the end of last year. The stock of the commercial real estate company jumped by 13.02% during the first quarter of 2015, and recently announced the acquisition of Global Workplace Solutions business of Johnson Controls Inc (NYSE:JCI) for $1.48 billion in cash. ValueAct Capital has a huge stake in this $12.83 billion market cap company, holding 31.3 million shares valued at $1.07 billion. Blum Capital Partners and Ariel Investments are other shareholders of CBRE Group with multi-million dollar stakes as of the end of last year.

Mark Kingdon increased his fund’s stake in Micron Technology, Inc. (NASDAQ:MU) by 96% during the fourth quarter of 2014, holding 1.85 million shares valued at $64.88 million, which represent 2.84% of the portfolio.The stock had posted a negative returns of 22.51% during the first quarter of 2015, amid a decrease in price targets on the stock by major analysts like Nomura, Jefferies Group, and RBC Capital. Moreover, recently, Micron Technology, Inc. (NASDAQ:MU) has disclosed its financial results for the second quarter of fiscal 2015, which came in lower in year-over-year terms, but have been in line with estimates, the revenue amounting to $4.2 billion and EPS to $0.81. The company also provided its guidance for the third quarter, which was below the previous expectations of the Street. Other large shareholders of Micron Technology, Inc. (NASDAQ:MU) are David Einhorn’s Greenlight Capital with 31.3 million shares and Andreas Halvorsen’s Viking Global with 20.16 million shares.

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