Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Was AlphaOne Capital Right to Bet on Cisco Systems, Inc. (CSCO), Facebook Inc (FB) & Two Other Tech Stocks?

AlphaOne Capital Partners, managed by Paul Hondroshad an equity portfolio worth $304.54 million at the end of the third quarter, up from $271.27 million a quarter earlier. The fund’s equity portfolio is fairly diversified, with the largest share represented by technology stocks, which amassed 35% of the fund’s equity portfolio at the end of September. The fund’s holding in 38 companies that were worth at least $1 billion, delivered a positive return of 10.63% in the third quarter, based on the size of those holdings at the end of June. In this article, we’ll take a look at three companies that AlphaOne was bullish on heading into the fourth quarter, as well as one stock that it dumped between July and September. The companies in question are Cisco Systems, Inc. (NASDAQ:CSCO), Facebook Inc (NASDAQ:FB), Yahoo! Inc. (NASDAQ:YHOO), and Micron Technology, Inc. (NASDAQ:MU)?

Although Insider Monkey only counts long positions in the companies with a market cap of $1 billion or more to calculate the returns, our measurements offer a way of assessing the fund’s investment expertise. With this in mind, let’s take a closer look at the above-mentioned companies and see what kind of returns they brought back in the third quarter.

stock, exchange, trade, ipo, market, london, share, rate, sales, price, new, york, profit, index, broker, chart, rising, falling, street, frankfurt, wall, world, cash, points, display,


As Cisco Systems, Inc. (NASDAQ:CSCO)‘s stock advanced by 11.6% during the third quarter, the fund slightly increased its stake by 600 shares after having initiated a position containing 361,470 shares worth around $10.37 million during the second quarter. In this way, at the end of September, AlphaOne held 362,070 shares of Cisco Systems valued at $11.49 million. Cisco Systems, Inc. (NASDAQ:CSCO) was included in the equity portfolios of 61 funds from our database at the end of June, down from 65 funds a quarter earlier. Among these funds, Yacktman Asset Management held the most valuable stake in Cisco Systems, Inc. (NASDAQ:CSCO), which was worth $807.6 million at the end of the second quarter. On the second spot was First Pacific Advisors LLC which amassed $562.5 million worth of shares. Moreover, Fisher Asset Management, AQR Capital Management, and Arrowstreet Capital were also bullish on Cisco Systems, Inc. (NASDAQ:CSCO).

Follow Cisco Systems Inc. (NASDAQ:CSCO)
Trade (NASDAQ:CSCO) Now!

In Facebook Inc (NASDAQ:FB), AlphaOne held 89,100 shares worth $11.43 million at the end of the third quarter, after the stock gained 12.2% between July and September. A total of 148 of the hedge funds tracked by Insider Monkey held long positions in Facebook heading into the third quarter, down by 10% over the quarter. The largest stake in Facebook Inc (NASDAQ:FB) was held by Viking Global, which reported holding $2.30 billion worth of stock at the end of June. It was followed by Lone Pine Capital with a $1.25 billion position. Other investors bullish on the company included Arrowstreet Capital, Egerton Capital Limited, and Lansdowne Partners.

Follow Facebook Inc (NASDAQ:FB)
Trade (NASDAQ:FB) Now!

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.