"No man can become rich without himself enriching others"
Andrew Carnegie



Tuesday, September 25, 2012

Conatus Capital Management's Top Stock Picks

Hedge Fund Managers - Lynching Party Needed
 (Photo credit: smallislander)
New York, sept.25 stock invest .- There are Tiger Cubs, and then there are Tiger Cub Cubs. David Stemerman, who founded Conatus Capital Management in 2008, is one of the latter: he previously worked at billionaire (and Tiger Cub) Stephen Mandel’s Lone Pine Capital. He also has degrees from both Harvard Business School and Harvard Law School. Conatus, despite being a relatively new fund, already has about $2 billion in total assets under management. We have data on which stocks Conatus reported owning on its 13F filing for the second quarter. See the full list or read on for our quick take on their five largest positions.
Apple Inc. (NASDAQ:AAPL) was the most popular stock among hedge funds in the second quarter of 2012 (see the full list of the ten most popular stocks) and it was Conatus’ largest holding with the fund reporting a position of about 210,000 shares. Despite its massive size Apple’s growth keeps right on coming, with earnings in its last quarter coming in over 20% higher than a year ago. The company may be bumping up against growth limits as competition picks up in the tablet and smartphone markets, but it still is a growing company with a powerful brand with a trailing multiple of only 16.
The fund’s second largest position, according to the 13F, was its roughly 800,000 shares of Visa Inc (NYSE:V). Visa is another popular stock among hedge funds and other notable investors: it leads our list of the most popular services stocks among hedge funds for the second quarter. According to Wall Street analysts, Visa should turn in about $7.15 per share in earnings in its next fiscal year, ending in September 2013; hitting this target would yield a forward P/E multiple of 19. Like Apple, it is a market leader in its industry and does not seem too expensive if it can deliver on earnings expectations. ... Continue to read.
Enhanced by Zemanta

No comments:

Post a Comment