Micron Technology, Inc. (MU), WellPoint, Inc. (WLP): $10B Fund Bullish on This ‘Fab Four’ Since We Began Tracking It

The hedgie’s fourth largest multi-quarter pick is Weatherford International Ltd (NYSE:WFT).  As oil prices slump, so do share prices of oil exploration, drilling and refining companies.  Unfortunately, Weatherford provides the equipment and services for all of these.  So it comes as little surprise that the company has pulled back from its 2013 high by 10%.  With competition from larger companies like Schlumberger Limited. (NYSE:SLB) and Halliburton Company (NYSE:HAL) who are much better positioned for larger projects, Weatherford International Ltd (NYSE:WFT) is unable to capitalize on increased production in offshore oil.

Final thoughts

With large positions in healthcare and oil producers, Orbis obviously faces some challenges this year.  This could result in a lackluster performance by the fund especially if stocks like Weatherford International Ltd (NYSE:WFT) and Micron Technology, Inc. (NASDAQ:MU) start to head into negative territory on cheap commodity prices and disappointing earnings, so we’ll be watching the fund’s equity portfolio very closely and you can too.

Disclosure: none