Apple Inc. (AAPL), Facebook Inc (FB), Intel Corporation (INTC) Among Top Stock Picks of Tekne Capital Management

Tekne Capital Managementis primarily a technology-based fund with majority of its investments in the technology sector and it has a portfolio value of $2.92 billion, as per its latest SEC 13F filing. Tekne Capital had returns of 11.41 percent for the quarter ending on June 30, 2014 with net returns of 6.41 percent for the last four quarters. Apple Inc. (NASDAQ:AAPL), Facebook Inc (NASDAQ:FB), Intel Corporation (NASDAQ:INTC) are the top three investments of Tekne Capital Management. (You can see complete list of Tekne Capital Management holdigns here).

Apple Inc. (NASDAQ:AAPL) is the top investment of Tekne Capital with investments worth $799 million and 8,600,000 shares. The tech giant announced revenue of $37.4 billion for the third quarter 2014 with $7.7 billion in profits. Apple Inc. (NASDAQ:AAPL) had gross margins of 39.4 percent for the quarter. Some of the top investors in Apple Inc. (NASDAQ:AAPL) include Icahn Capital Lp with investments worth $4.9 billion followed by Soroban Capital Partners ($2.4 billion) and Citadel Investment Group ($1.6 billion).

Apple (AAPL)

Facebook Inc (NASDAQ:FB) comes at number two in terms of high value investments with 3,700,000 shares worth $248 million. Facebook Inc (NASDAQ:FB) reported net revenue of $2.91 billion for the second quarter 2014 with net GAAP income of $791 million. D E Shaw is the largest investor in the company with investments worth $479 million. Coatue Management has investments worth $395 million in Facebook Inc (NASDAQ:FB) followed by    Srs Investment Management investing $336 million.

Tekne Capital has reduced its stake in Intel Corporation (NASDAQ:INTC) by 17% to $231 million and 7,500,000 shares. Intel Corporation (NASDAQ:INTC) had net revenue of $13.8 billion for the second quarter 2014 with its net income of $2.8 billion and share repurchase target of $4 billion in third quarter. First Eagle Investment Management has investments worth $1.2 billion in Intel Corporation (NASDAQ:INCT) followed by Fisher Asset Management ($586 million) and Renaissance Technologies ($535 million).

This article has been written by Prakash Pandey and edited by Serkan Unal.

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