Stephen Mandel's Lone Pine Capital disclosed in an SEC filing its holdings as of June 30, 2018. Lone Pine's three new buys during the quarter included, by size of position, Canadian Pacific (CP), NVIDIA (NVDA), and Mohawk Industries (MHK). The fund exited five positions during the quarter, including by size of previous position Broadcom (AVGO), Taiwan Semiconductor (TSM), BlackRock (BLK), T-Mobile US (TMUS), and Exact Sciences (EXAS). Lone Pine increased its stake in 12 holdings, including by size of previous position Wynn Resorts (WYNN), TrandsDigm (TDG), Microsoft (MSFT), Alibaba (BABA), and ServiceNow (NOW). The fund decreased its stake in 11 holdings, including by size of previous position Facebook (FB), PayPal (PYPL), Constellation Brands (STZ), Adobe Systems (ADBE), and Amazon (AMZN). Lone Pine's told holdings as of June 30, in order of size, were Microsoft, Alibaba, Activision Blizzard (ATVI), Adobe, and Booking Holdings (BKNG).
Leon Cooperman's Omega Advisors disclosed in an SEC filing its holdings as of June 30, 2018. Omega's 27 new buys during the second quarter included, by size of position, NRG Energy (NRG), Iqvia Holdings (IQV), Lennar (LEN), Marathon Petroleum (MPC) and CVS Health (CVS). Omega exited 27 positions during the quarter, including by size of previous position, Bristol-Myers Squibb (BMY), Wells Fargo (WFC), Navient (NAVI), Netflix (NFLX) and New York Community Bancorp (NYB). Omega increased its stake in 18 holdings, including by size of increase, Sinclair Broadcast (SBGI), Humana (HUM), Trinity Industries (TRN), Citi (C) and FTS International (FTSI). Omega reduced its stake in 28 holdings, including Shire (SHPG), Andeavor (ANDV), MaxLinear (MXL), PVH Corp. (PVH) and Dish (DISH). Omega's top holdings as of June 30, in order of size, were United Continental (UAL), Alphabet (GOOGL), AMC Networks (AMCX), First Data (FDC) and Microsoft (MSFT).
Barry Rosenstein's Jana Partners disclosed in a regulatory filing its holdings as of June 30, 2018. Jana made 23 new buys during the first quarter, including, by size of position, Facebook (FB), Alibaba (BABA), Microsoft (MSFT), Wells Fargo (WFC) and Alphabet Class A (GOOGL). Jana exited 16 positions during the quarter, including by size of previous position, Bloomin' Brands (BLMN), Northrop Grumman (NOC), Keurig Dr Pepper (KDP), WestRock (WRK) and Cigna (CI). Jana increased its stake in six holdings, including by size, Pinnacle Foods (PF), Electronic Arts (EA), Agilent Technologies (A) and Apple (AAPL). The fund reduced its stake in nine holdings, including by size Tiffany (TIF), Lam Research (LRCX), HD Supply Holdings (HDS), Autodesk (ADSK) and Boston Scientific (BSX). Jana's top holdings as of June 30, in order of size, were Pinnacle Foods, Zimmer Biomet (ZBH), HD Supply, Tiffany and Jack in the Box (JACK).
Notable profits for the buyer who lifted the $1.55 offer for 2,716 Microsoft (MSFT) 8/31 weekly 109 puts yesterday at 10:52ET when underlying shares were trading at $109.33. Shares closed at $108.22, and the puts at $2.23 for a mark-to-market profit of 44%, or $183K, on the $421K outlay.
Microsoft (MSFT) is moving to update Cortana, its struggling digital assistant, in an effort to get more customers to use the assistant when they are not sitting at their computers, the Wall Street Journal reports, citing David Ku, Microsoft VP. When Microsoft introduced Cortana four years ago, the service was only available through the Windows operating system, hobbling the digital assistant in a new era of smart speakers, as Amazon (AMZN) launched its Alexa voice assistant soon after and Amazon's Echo and sibling devices now control two-thirds of the U.S. smart-speaker market. Reference Link
In a regulatory filing, Microsoft CEO Satya Nadella disclosed the sale of 328,000 common shares of the company at a price of $109.4396 per share. The value of the sold shares amounts to roughly $35.9M, according to Bloomberg.
Third Point disclosed in an SEC filing its holdings as of June 30. Third Point's 13 new buys in the quarter included, by size of position, NXP Semiconductors (NXPI), PayPal (PYPL), Visa (V), Campbell Soup (CPB), and Deere (DE). The firm exited 14 positions during the quarter including, by size of previous position, Alphabet Class A (GOOGL), Intercontinental Exchange (ICE), Mohawk Industries (MHK), PagSeguro Digital (PAGS), and Anthem (ANTM). Third Point increased its stake in nine holdings, including Microsoft (MSFT), Adobe Systems (ADBE), Electronic Arts (EA), Marathon Petroleum (MPC), and United Technologies (UTX). Third Point reduced its stake in nine holdings, including Worldpay (WP), Constellation Brands Class A (STZ), Facebook (FB), Lennar (LEN), and Wynn Resorts (WYNN). The firm's top holdings as of June 30, in order of size, were Baxter (BAX), NXP Semiconductors, United Technologies, PayPal, and Netflix (NFLX).
Microsoft has threatened to kick Gab "a social network popular with the racist far-right" off its cloud hosting service Azure because of anti-Semitic posts "that advocated genocide and torture of Jews," says Business Insider. Reference Link
