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Billionaire Hits Jackpot with Williams Companies Inc (WMB); What About His Other New Picks?

Perry Capital acquired about 5.73 million shares of Micron Technology, Inc. (NASDAQ:MU) valued at $155.46 million during the first quarter. The holding represents 0.54% of the company’s outstanding stock and 5.12% of the fund’s equity portfolio. The $26.59 billion global provider of semiconductor devices is suffering from uncertainty regarding the competition brewing up in DRAM space, especially by Samsung, which might anchor down its margins. Micron Technology, Inc. (NASDAQ:MU)’s stock has depreciated by almost 30% so far this year. The analysts remain divided ahead of the company’s quarterly financial report this Thursday. While Topeka recently upgraded the company to ‘Buy’, Goldman Sachs downgraded Micron Technology, Inc. (NASDAQ:MU) to ‘Sell’ from ‘Neutral’ and revised down its price target to $19 from $27. David Einhorn‘s Greenlight Capital is the largest stockholder of Micron Technology, Inc. (NASDAQ:MU), among the funds we track, holding some 33.55 million shares valued at $910.20 million.

During the January – March quarter, Perry acquired ‘Call’ options underlying 1.7 million shares of Alibaba Group Holding Ltd (NYSE:BABA) with a value of $141.51 million. The holding represented 4.66% of the fund’s 13F portfolio. The e-commerce giant’s stock has slumped by more than 18% so far this year. Its venture into the American market also failed as it is selling 11 Main to OpenSky. However, Alibaba Group Holding Ltd (NYSE:BABA) has decided to test the waters of ‘online to offline’ market, a name given to the budding booking-via-mobile devices industry, through a joint venture with its affiliate Ant Financial. About $1 billion is invested into the venture, which is called Kouboi. Rob Citrone’s Discovery Capital Management is the largest stockholder of Alibaba Group Holding Ltd (NYSE:BABA) among the investors that we track, holding some 8.77 million shares valued at $730.34 million as of the end of March.

Disclosure: None

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