Apple Inc. (AAPL), Microsoft Corporation (MSFT), Discover Financial Services (DFS): Top 3 Stock Holdings of Foundry Partners

Apple (AAPL)

Foundry Partners is an asset management firm offering its services since 2013 and Apple Inc. (NASDAQ:AAPL), Microsoft Corporation (NASDAQ:MSFT), Discover Financial Services (NYSE:DFS) are among its primary stock holdings, as per its recent SEC filing on October 14, 2014. The company reported net assets worth $1.99 billion as of June 30, 2014, according to its official website.

Apple Inc. (NASDAQ:AAPL) is the largest stock holding in Foundry Partners’ portfolio with 347,632 shares of the company and net market value of $35 million. The iPhone maker released its fourth quarter 2014 results earlier this month with net revenues of $42.1 billion and net profit of $8.5 billion. Apple Inc. (NASDAQ:AAPL) had net gross margin of 38% during this quarter. The iPhone maker spent up to $17 billion under its share repurchase program during the fourth quarter. Icahn Capital LP, Soroban Capital Partners, and Citadel Investment Group are the primary investors of Apple Inc. (NASDAQ:AAPL).

Apple (AAPL)

The second largest stock holding of Foundry Partners is in Microsoft Corporation (NASDAQ:MSFT) with 569,995 shares of the company at current market value of $26 million. The Windows maker announced its first quarter 2015 results last week with net revenue of $23.20 billion and diluted earnings per share of $0.54. Valueact Capital comes first in terms of its investment size in Microsoft Corporation (NASDAQ:MSFT) and First Eagle Investment Management along with Eagle Capital Management are the other primary investors of the tech giant.

Discover Financial Services (NYSE:DFS) is the third largest stock holding of Foundry Partners with 313,695 shares of the finance firm at net market value of $20 million. The financial service reported net income of $644 million in its third quarter 2014. Some of its primary investors include Columbus Circle Investors ($201 million), Aqr Capital Management ($167 million), and Discovery Capital Management ($67 million).

This article has been written by Prakash Pandey.

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