Rounding out the top five is online search giant Google Inc (NASDAQ:GOOG), with the 13F stating the fund held 22,276 Class A shares during the quarter, worth approximately $17.691 million at the time of filing. This is a slight increase from the previous quarter. Assuming attitudes in the tech market remain relatively bullish, Google Inc (NASDAQ:GOOG)’s journey toward the much-hyped $1,000 share price-mark seems to rest on two things: (1) currently unfolding product launches, and (2) the stimulation of shareholder value.
Regarding the latter, the most logical choice Google can use to stimulate shareholder value is by way of a dividend, and with nearly $50 billion in cash and cash equivalents, this isn’t out of the question. Google’s also in the midst of releasing its much-anticipated Spotify-like streaming music service, and rumors of an internally produced “X Phone” haven’t died yet. We’ll continue to watch both of these potentially profit-boosting products moving forward.
Signpost is tackling markets that are at an all-time high in a unique way, by investing heavily in both old world and new world companies. The five holdings of this new hedge fund player are an intriguing mix of old and new world companies. Chicago Bridge and Iron and Valero Energy Corporation (NYSE:VLO) are two solid plays on natural gas and oil moving forward, while Post Holdings, Priceline and Google each have their own growth drivers as well, all of which are very attractive. Continue preparing for 13F-filing season here.