#3 Microsoft Corporation (NASDAQ:MSFT)
– Shares Owned by Duquesne Family Office (as of December 31): 1.16 million
– Value of Holding (as of December 31): $64.63million
Moving on, Duquesne Family Office reduced its stake in Microsoft Corporation (NASDAQ:MSFT) by 17% during the fourth quarter. Shares of Microsoft Corporation (NASDAQ:MSFT) had enjoyed a strong rebound from mid-February through mid-April after a weak start to the year, but gave up that momentum on April 21 after a disappointing third quarter of fiscal year 2016 earnings report was released by the company. The software behemoth had been expected to deliver EPS of $0.64 on revenue of $22.09 billion for the quarter, while the company actually pulled in $0.62 per share in earnings on $22.10 billion in revenue. After technology tracking companies Gartner and IDC published reports revealing that PC sales in the first quarter of 2016 were down by around 10% year-over-year, investors have grown concerned that Microsoft could experience tepid growth, which appears to have been confirmed by the company’s modest guidance for the fiscal fourth quarter. Microsoft expects revenue of $21.7 billion-to-$22.4 billion for the final quarter of its 2016 fiscal year, while analysts had been predicting a much loftier $23.1 billion. During the first quarter of 2016, Ray Carroll‘s Breton Hill Capital reduced its stake in Microsoft by 21% to 27,380 shares.
#2 Amazon.com, Inc. (NASDAQ:AMZN)
– Shares Owned by Duquesne Family Office (as of December 31): 190,000
– Value of Holding (as of December 31): $128.42 million
Duquesne Family Office initiated its stake in Amazon.com, Inc. (NASDAQ:AMZN) during the third quarter and nearly doubled it during the fourth quarter. Unlike last year when Amazon.com, Inc. (NASDAQ:AMZN)’s stock had a dream run, it fell aggressively in the first few weeks of this year and still trades down slightly for the year, despite a big boost after the company’s latest earnings report. Amazon delivered a monster first quarter, with revenue of $29.10 billion and EPS of $1.07, the latter of which shattered analysts’ estimates. Amazon Web Services was particularly impressive, with the division’s revenue soaring by 64% year-over-year to $2.56 billion during the quarter, while operating income leapt by 170% to $604 million, accounting for an impressive 56% of the company’s income during the period. Billionaire Ken Fisher lifted his fund’s stake in Amazon by 1% to 2.50 million shares during the first quarter.
#1 Facebook Inc (NASDAQ:FB)
– Shares Owned by Duquesne Family Office (as of December 31): 2.53 million
– Value of Holding (as of December 31): $264.84 million
Despite Duquesne Family Office reducing its stake in Facebook Inc (NASDAQ:FB) by 39% during the fourth quarter, the company remained its top stock pick heading into 2016. Shares of the social media giant are continuing on a torrid bull run first started in mid-2013, as they are trading up by over 14% year-to-date. The company recently concluded its F8 Conference, at which its founder and CEO Mark Zuckerberg shared his 10-year plan and discussed the major developments at the company, including the transition of Facebook Messenger as an app platform and its new video service Facebook Live. On April 19, shares of the company rose rapidly in the final few hours of trade after a report emerged revealing that Facebook’s ad partner Kenshoo saw a 9% quarter-over-quarter and 86% year-over-year increase in first quarter social media ad spend by its clients. Shares jumped again on April 28 after Facebook Inc (NASDAQ:FB) reported a big first quarter, which included income more than doubling year-over-year to $1.5 billion, a figure which is actually dwarfed by the site’s impressive 1.65 billion monthly active users, up by 15% from a year earlier. Murray Stahl’s Horizon Asset Management reduced its stake in the company by 17% to 5,489 shares during the January-to-March period.