ClariVest Asset Management LLC has offered sound investment services to its clients for the past several years and it has a current market portfolio value of $2.72 billion, as per its recent SEC 13F filing filed on October 14. Apple Inc. (NASDAQ:AAPL), Microsoft Corporation (NASDAQ:MSFT), Verizon Communications Inc. (NYSE:VZ) are among the top stock holdings of ClariVest Asset Management LLC.
Apple Inc. (NASDAQ:AAPL) is the largest stock holding of ClariVest Asset Management with current market value of $125 million and 1,242,041 shares of the company. The iPhone maker released its latest iPhone 6 with extraordinary market response. According to Canaccord Genuity and Gene Muster, Piper Jaffray, Apple Inc. (NASDAQ:AAPL) is likely to sell up to 63 million devices in this quarter after its launch in China on October 17. Icahn Capital LP ($4.90 billion), Soroban Capital Partners ($2.46 billion), and Citadel Investment Group ($1.61 billion) are among the primary investors of Apple Inc. (NASDAQ:AAPL).
Microsoft Corporation (NASDAQ:MSFT) comes next in terms of its share in the portfolio of ClariVest Asset Management LLC as it owns 1,667,917 shares of the company with market value of $77 million. According to a report, the Windows operating system developer is likely to release its Smartwatch to compete against the Apple Watch and it would be available in the market within the next few weeks. Some of the primary investors of Microsoft Corporation (NASDAQ:MSFT) include Valueact Capital ($3.09 billion), First Eagle Investment Management ($1.48 billion), and Eagle Capital Management ($1.38 billion).
ClariVest Asset Management LLC has its third largest investment in Verizon Communications Inc. (NYSE:VZ) with investment worth $76 million and 1,537,758 shares of the company. Verizon Communications Inc. (NYSE:VZ) has registered quarter-to-date growth of nearly 40% in its net retail postpaid connections as compared to its third quarter in 2013. Berkshire Hathaway leads investments in Verizon Communications Inc. (NYSE:VZ) at $733 million followed by Lansdowne Partners ($681 million) and Paulson & Co ($427 million).
This article has been written by Prakash Pandey.