As we continue to track hedge funds’ activity, we should talk about Hawkins Capital’s 13F filing for the second quarter of 2014. In this document, the fund managed by Russell Hawkins declared its long equity positions as of June 30. The fund acknowledged holding more than $752 million in equities, following the acquisition of two new positions and an increase in other two of its preexisting stakes. In this article we will take a look at its top positions in order to find out if any of them stand as attractive investment options. The companies implied are: Royal Dutch Shell plc (ADR) (NYSE:RDS.A), Oaktree Capital Group LLC (NYSE:OAK) and Intel Corporation (NASDAQ:INTC).
More than 26% of Hawkins’ second quarter portfolio was comprised by its top pick: Royal Dutch Shell plc (ADR) (NYSE:RDS.A). The $263 billion market cap integrated oil and gas company saw the fund boost its exposure by 2% over the quarter. Hawkins Capital now owns 2.44 million Class A shares, worth more than $200 million.
This stake makes of the fund the second largest hedge fund shareholder of record at the company – amongst those we track. Only Richard S. Pzena’s Pzena Investment Management has placed larger bets on Royal Dutch Shell plc (ADR) (NYSE:RDS.A). Pzena last declared holding 6.94 million shares of the company, worth more than half a billion dollars.
Second in line is Oaktree Capital Group LLC (NYSE:OAK), a $7.6 billion market cap investment management company focused on alternative markets. Although Hawkins Capital’s position remained untouched over the second quarter, its value fell, as the stock lost 13.45% over the period. The fund’s 2.33 million shares are now worth approximately $116 million, which account for more than 15% of its equity portfolio’s total value and make it the largest hedge fund shareholder of record.
Amongst the hedge funds that we track, several others seems quite bullish about Oaktree Capital Group LLC (NYSE:OAK). Jim Simons’ Renaissance Technologies disclosed a 1034% increase in its stake in the company for the second quarter. The fund now owns 275,170 shares of Oaktree Capital Group. Even larger is Murray Stahl’s bet: his fund, Horizon Asset Management, last acknowledged holding 1.2 million shares of the asset management company.
Hawkins Capital’s third largest stake is represented by Intel Corporation (NASDAQ:INTC), a $172.7 billion market cap semiconductor chip manufacturer. Although Hawkins trimmed his exposure to the tech behemoth during the second quarter, the company kept the third spot in this list, same as in the previous quarter. The fund now owns approximately 3.39 million shares of Intel Corporation (NASDAQ:INTC), worth more than $100 million.
Several other major hedge funds are also betting on of Intel Corporation (NASDAQ:INTC). For instance, Jean-Marie Eveillard’s First Eagle Investment Management last boosted its exposure by 4% and now owns 39.53 million shares of the company, while Ken Fisher’s Fisher Asset Management added 6% to its holdings and now owns 18.96 million shares. Once again, Jim Simons can be counted amongst the company’s top hedge fund supporters, with 17.32 million shares.
Disclosure: Javier Hasse holds no position in any stocks or funds mentioned.
