Was Billionaire Jacob Rothschild Right about His Top Picks?

Shares of Colgate-Palmolive Company (NYSE:CL) are down 2.4% for the quarter as the S&P 500’s weakness weighs on the consumer staples stock. As of June 30, Rothschild owned 817,000 shares of Colgate-Palmolive Company (NYSE:CL) worth $54.42 million (12.45% of his portfolio) at the end of June. Hedge funds have been mixed on the company, with 35 funds owning $1.77 billion of the company’s shares (representing 3.00% of the float) on June 30, versus 28 funds and $1.78 billion on March 31.

Last but not least, shares of Alibaba Group Holding Ltd (NYSE:BABA) fell 28.3% in the quarter. A weak Chinese economy and a negative Barron’s article sent demand for the security lower. As of the end of the second quarter, Rothschild owned 547,000 shares of Alibaba Group Holding Ltd (NYSE:BABA) worth $45 million (10.49% of his portfolio). Hedge funds have become more cautious on the stock. 85 funds owned $4.77 billion of the company’s shares (representing 2.30% of the float) on June 30, down from 86 funds and $5.8 billion respectively on March 31.

Disclosure: None