Crispin Odey’s Odey Asset Management filed its 13F with the SEC for the reporting period of March 31. The investment manager has an equity portfolio worth $1.76 billion as of the reporting period and its primary stock holdings are in the consumer discretionary, finance, and technology sectors. While Odey initiated new positions in 20 stocks this quarter, his portfolio was otherwise slashed during the quarter, with many of his top positions being cut. The fund manager reduced holdings in 31 stocks and sold out of 12 stocks completely, as his portfolio fell from $3.26 billion at the end of 2014. Goldman Sachs Group Inc (NYSE:GS) and D.R. Horton, Inc. (NYSE:DHI) are among the top stock holdings of the fund manager, while the top holdings he increased his position in include Amazon.com, Inc. (NASDAQ:AMZN) and Hewlett-Packard Company (NYSE:HPQ).
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Odey Asset Management increased its position in the largest American online retailer, Amazon.com, Inc. (NASDAQ:AMZN), to 247,000 shares valued at $91.91 million. The shares of Amazon have improved 37.81% year-to-date. The online retailer is all set to compete with key industry players with its latest one-hour delivery service that will allow customers to order products from other local stores. Earlier, the service was offered under the Amazon Prime service with the limitation of ordering products from Amazon.com only but the company has expanded its service by including other local stores such as Gourmet Garage and Billy’s Bakery. It will give Amazon.com, Inc. (NASDAQ:AMZN) the necessary edge in the overly competitive delivery service market. Fisher Asset Management, Eagle Capital Management, and Lansdowne Partners are investment manages holding major positions in Amazon.com, Inc. (NASDAQ:AMZN).
With 2.09 million shares valued at $65.03 million, Hewlett-Packard Company (NYSE:HPQ) is the second largest stock holding of the investment manager which had an additional purchase during the first quarter. Odey increased his stake in the technology and software company by 2% during the quarter. Hewlett-Packard Company (NYSE:HPQ) reported strong second quarter financial results with non-GAAP earnings per share of $0.87, $0.01 higher than the market expectations. However, quarterly revenue of the technology firm dropped 6.8% year-over-year to $25.5 billion and it was marginally below the market expectations of $25.8 billion. The software company will split into two different business units by November 2015 including “Hewlett-Packard Enterprise,” which would be responsible for enterprise, software, cloud, and other services businesses, and “HP,” which would handle the company’s printing and personal computer segment. Richard Pzena‘s Pzena Investment Management, and AQR Capital Management hold large stakes in Hewlett-Packard Company (NYSE:HPQ).