Facebook Inc (NASDAQ:FB) comes in at number three in the equity portfolio of Benton. The fund manager owns 750,000 shares with a market value of $61.66 million in the world’s largest social network, after slashing his holding in Facebook by 63% during the quarter. Facebook has been trying to push its content publishing for the past couple of months and one of the latest developments concerns the acquisition of content publishing platform Tugboat Yards. Tugboat is a unique content publishing platform that allows publishers to receive payments against subscriptions. Facebook Inc (NASDAQ:FB) is also interested in the man behind Tugboat Yards, Andrew Anker, CEO and co-founder of Tugboat, who will join Facebook’s staff after Tugboat is shut down on June 30. Though billionaire Stephen Mandel also greatly reduced his stake in Facebook, by 40% during the first quarter, his fund Lone Pine Capital remains the largest shareholder of the company in our database.
From being the largest stock investment of Andor Capital Management in the previous quarter, Apple Inc. (NASDAQ:AAPL) has dropped to tenth position. The fund’s position in the iPhone-maker was slashed by 92%, leaving it with 250,000 shares of the company valued at $31.11 million. In a recent revelation made by one of the best analysts of Apple Inc, Ming-Chi Kuo of KGI Securities said that the iPad-maker is planning to launch its new iPhone models earlier than expected. He further added that the latest iPhone 6S model would be available in two different versions including a 4.7-inch iPhone 6S and 5.5-inch iPhone 6S Plus. The shares of Apple Inc. (NASDAQ:AAPL), which owns one of the most profitable businesses ever, have grown 16.77% year-to-date and the company is the most valuable in the world with a market cap of $749.28 billion. Carl Icahn remains Apple’s largest shareholder in our database as well as its staunchest supporter.