Tiger Cub Robert Citrone Reveals Major Moves in Alibaba, Amazon and Others

Robert Citrone Adds Facebook Inc. (NASDAQ:FB) to His Pool of High-Potential Stock Picks

– Number of shares owned by Discovery as of March 31: 1.72 Million

– Value of Discovery’s holding as of March 31: $195.72 Million

Robert Citrone and his team added a 1.72 million-share stake in Facebook Inc. (NASDAQ:FB) to Discovery’s portfolio during the January-to-March period, which was valued at $195.72 million on March 31. Most investors and analysts focus on Facebook’s core platform and the news feed when estimating the future potential of the company, but some may have overlooked Facebook’s long-term monetization potential of Messenger and WhatsApp. Most brands and retailers are channeling more capital into digital ads, with a high portion of that advertisement spending flowing to giant tech companies such as Facebook. In an attempt to fight constantly falling print advertising revenues, most news publishers are making their content available on Facebook through initiatives such as Facebook Instant Articles and Facebook seems to be the main beneficiary of such initiatives as engagement increases on the social network platform. Facebook has seen its market value gain 12% since the start of 2016. Andreas Halvorsen’s Viking Global acquired a new stake of 20.13 million shares of Facebook Inc. (NASDAQ:FB) during the first quarter.

Rob Citrone Discarded His Entire Stake in Yum! Brands Inc. (NYSE:YUM) during Q1

– Number of shares owned by Discovery as of March 31: 0

– Value of Discovery’s holding as of March 31: o

Discovery Capital Management sold out its entire 2.20 million-share stake in Yum! Brands Inc. (NYSE:YUM) during the March quarter. The operator and franchisor of KFC, Pizza Hut and Taco Bell restaurants has seen its shares gain 12% thus far in 2016. In October 2015, the company announced plans to spin-off its China business into an independent, publicly-traded company by the end of this year. While Yum! Brands is said to cash out an investment in a country with massive upside potential, the company is also reducing exposure to significant risks and volatility that come out of the world’s second-largest economy. Several trustworthy news outlets recently reported that a group of investors backed by sovereign fund China Investment Corp. seeks to acquire a controlling stake in Yum!’s China business, which is valued in the range of $7 billion-$8 billion. In the first quarter of 2016 that ended March 19, China Division total revenues increased to $1.30 billion from $1.26 billion, while same-store sales increased 6% year-on-year. Keith Meister’s Corvex Capital reported ownership of 21.04 million shares of Yum! Brands Inc. (NYSE:YUM) through the latest round of 13Fs.

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