Apple Inc. (AAPL), Bank of America Corp (BAC), Johnson & Johnson (JNJ): Top 3 Stock Holdings of Needelman Asset Management Inc

Chet Needelman founded the Needelman Asset Management Inc in 2002 and it has a current portfolio value of $31.18 million, according to their recent SEC 13F filing. Healthcare and finance are the major investment areas of the fund and its primary stock holdings include Apple Inc. (NASDAQ:AAPL), Bank of America Corp (NYSE:BAC), Johnson & Johnson (NYSE:JNJ).

Apple (AAPL)

Apple Inc. (NASDAQ:AAPL) is the primary holding of Needelman Asset Management Inc with investments worth $1.33 million and 13,271 shares of the company. Apple Inc. (NASDAQ:AAPL) had net revenues of $37.4 billion along with $7.7 billion in net profit during the third quarter 2014. The company was able to improve its gross margins from 36.9 percent in the same quarter last year to 39.4%. Some of the primary investors of the Apple Inc. (NASDAQ:AAPL) include Icahn Capital LP investing $4.9 billion in the company followed by Soroban Capital partners ($2.4 billion) and Citadel Investment Group ($1.6 billion).

Bank of America Corp (NYSE:BAC) is the second largest holding of Needelman Asset management which owns 75,751 shares of the company with current market value of $1.29 million. Bank of America Corp (NYSE:BAC) reported net revenue of $22.0 billion for the second quarter 2014 with net income of $2.3 billion or 19 cents per diluted share. Fairholme (Fairx) is the largest investor of Bank of America Corp (NYSE:BAC) investing $1.51 billion in the company followed by Fisher Asset Management ($649 million) and Pzena Investment Management ($483 million).

Needelman Asset Management Inc has its third largest stakes in Johnson & Johnson (NYSE:JNJ) with 11,495 shares with market value of $1.22 million. The net sales for the second quarter 2014 were $19.5 billion with net earnings of $4.3 billion for Johnson & Johnson (NYSE:JNJ). Fisher Asset Management has the largest share in Johnson & Johnson (NYSE:JNJ) with $1.09 billion investment followed by Yacktman Asset Management $946 million and Aqr Capital Management ($381 million).

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

Related News: “Bank of America Corp (BAC) Focuses on Slimmer Consumer Strategy, Eliminates $6 Billion Under Risky Revenues”

“Apple Inc. (AAPL), AT&T Inc. (T), Tortoise Energy Infrastructure Corp. (TYG): Top 3 Stock Holdings of LVM Capital Management Ltd”


Read: Warren Buffett and Billionaires Are Crazy About These 7 Stocks

Read: 10 Best Fast Food Franchises to Purchase


Related posts


Warren Buffett's Best Picks

Warren Buffett's these stock picks will crush the market over the next 12 months. Get our report FREE by becoming a member now