Top 5 Stock Picks of Leon Shaulov’s Maplelane Capital

2. Microchip Technology Incorporated (NASDAQ:MCHP)

Maplelane Capital’s Stake Value: $17.191 million

Percentage of Maplelane Capital’s 13F Portfolio: 0.58%

Number of Hedge Fund Holders as of Q3 2021: 41

Microchip Technology Incorporated (NASDAQ:MCHP), based in Arizona, manufactures microcontroller, analog, mixed-signal, and Flash-IP integrated circuits.

In November, the company announced the repurchase of $4 billion of its common stock using proceeds from its operations after capital expenditures and dividend payments. Microchip Technology Incorporated (NASDAQ:MCHP) has predicted its Q3 revenue to be between $1.71 billion and $1.78 billion but has not yet announced its earnings.

At the end of the third quarter of 2021, 41 hedge funds in the database of Insider Monkey held stakes worth over $1.1 billion in Microchip Technology Incorporated (NASDAQ:MCHP), compared to 50 in the previous quarter worth slightly less than the combined value in Q3.

Kerr Neilson’s Platinum Asset Management is the leading stakeholder of the manufacturing company.