Hedge Fund News From HedgeCo.Net


These tech stocks unseated Apple in hedge-fund manager Daniel Benton’s portfolio

Market Watch – Daniel Benton’s Andor Capital Management has filed its 13F for the reporting period of March 31, with the investment manager boasting an equity portfolio of $1 billion as of the reporting date. One of the major moves in the equity portfolio of the fund manager is that Twitter Inc. TWTR, +0.30% has dethroned Apple Inc. AAPL, -0.11% as the biggest tech pick of Benton, who sold off most of his Apple holdings.

Tesla Motors Inc TSLA, +0.06% and Facebook Inc. FB, -0.50% also leapt over Apple in Andor Capital’s portfolio, despite the holding in the latter also being slashed by Benton. Andor Capital Management has a concentrated portfolio with two-thirds of it devoted to tech, while consumer discretionary stocks make up the bulk of the remaining one-third.

Read Complete Article

Related Posts Plugin for WordPress, Blogger...
This entry was posted in Syndicated. Bookmark the permalink.

Leave a Reply