With Its Picks Coming Off Strong Q2, Lansdowne Sets Eyes On The U.K

The London-based hedge fund currently overseen by Davies and Roden increased its stake in Goldman Sachs Group Inc. (NYSE:GS) by 723,016 shares during the first quarter, which amounted to an increase of almost 13% in its total stake in the company. This move enlarged the fund’s overall position to 6.31 million shares, which were valued at $1.19 billion on March 31. The stock has increased by nearly 7% year-to-date, and like JPMorgan, had a stronger second quarter than the entirety of its year thus far, returning over 11%. There are hopes that the stock will go higher yet, as the company reported record results in its Investment Banking and Investment Management segments for the first half of the current year. In addition to that, the firm ranked first in worldwide announced and completed mergers and acquisitions since the beginning of the current year, which clearly indicates that Goldman Sachs is moving in right direction. From our database of over 700 hedge funds, Warren Buffett’s Berkshire Hathaway is by far the largest investor in Goldman Sachs Group Inc. (NYSE:GS), owning 12.63 million shares.

Last but not least, Lansdowne Partners sold roughly 38% of its stake in Amazon.com Inc. (NASDAQ:AMZN), ending the first quarter with 1.70 million shares valued at $632.36 million. The shares of Amazon have skyrocketed by over 70% since the beginning of the current year thanks to the significant spike in its share price on Friday, however they also had a strong second quarter, gaining over 14%. The online retailer reached a new record high of $580.57 during intra-day trading on Friday, after delivering better-than-expected earnings for the second quarter of 2015. Amazon highlighted the enhanced growth of its cloud business, which surely assisted the company in beating the analysts’ estimates. Amazon reported a net profit of $0.19 per share and revenue of $23.19 billion, while analysts anticipated a loss of $0.14 per share and revenue of $22.39 billion. Within our database, Boykin Curry’s Eagle Capital Management is among the largest shareholders in Amazon.com Inc. (NASDAQ:AMZN), holding 2.23 million shares.

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