Hedge Fund Hudson Bay Capital’s Top Tech Stocks

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Second spot is held by Alibaba Group Holding Ltd (NYSE:BABA), in which Hudson Bay Capital increased its position by 33% to 1.48 million shares worth $123.20 million. For the fiscal fourth quarter of 2015 ended March 31, Alibaba Group Holding Ltd (NYSE:BABA) reported a 45% increase in revenue year-over-year to $2.81 billion. The e-commerce giant posted earnings per share of $0.48, up 7% compared to the same quarter last year. The results beat analyst expectations, a pleasant turn around from its disappointing fiscal third quarter 2015 results. Nonetheless, Alibaba Group Holding Ltd (NYSE:BABA)’s shares have dropped by 14.22% year-to-date. Another investor with a big position in Alibaba Group Holding Ltd (NYSE:BABA) is Andreas Halvorsen’s Viking Global, holding 6.94 million shares as of March 31.

Apple Inc. (NASDAQ:AAPL) is in the third position among Hudson Bay Capital’s long positions in tech stocks, and the fund was bullish on Apple Inc. (NASDAQ:AAPL) during the first quarter, boosting its stake by 31% to 141,000 shares worth $17.56 million. Apple Inc. (NASDAQ:AAPL) is also one of the most popular technology stocks among billionaires. However, several billionaires dumped their Apple Inc. (NASDAQ:AAPL) holdings completely during the last quarter, with billionaire ownership decreasing to 16 from 19. Overall, fund ownership in the company increased slightly to 150 from 149. Apple Inc. (NASDAQ:AAPL), which owns one of the most profitable businesses ever, is going to announce a string of new products at the Worldwide Developers Conference, which will be held from June 8 through June 12 in San Francisco.  Rumors suggest Apple will unveil a new streaming music service, which will be a rival to Spotify. For its fiscal 2015 second quarter ended March 28, the company reported an impressive increase in quarterly revenue to $58 billion from $45.6 billion in the year-ago quarter. Net profit rose to $13.6 billion from $10.2 billion in the same quarter last year. Among the biggest shareholders of Apple is Carl Icahn, whose fund Icahn Capital LP held 52.76 million shares on March 31.

Disclosure: None

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