Apple Inc. (NASDAQ:AAPL), Philip Morris International Inc. (NYSE:PM), QUALCOMM, Inc. (NASDAQ:QCOM) are among the top 3 stock holdings of Arrowstreet Capital, as per its recent SEC 13F filing. The investment manager has a current investment portfolio of $18.61 billion with its primary investments in technology, healthcare, and finance industry.
Apple Inc. (NASDAQ:AAPL) is the largest stock holding of Arrowstreet Capital, which owns 7,559,410 shares of the iPhone maker at an estimated market value of $761 million. The iPhone maker announced its most profitable quarterly results until date in its first quarter 2015 financial results. Apple Inc. (NASDAQ:AAPL) reported net profits of $18 billion, which is the highest ever reported by any publicly traded company. In addition to it, Apple Inc. (NASDAQ:AAPL) sold record 74.47 million iPhone devices in the first quarter of 2015. (Click here to find out all the investors of Apple at the end of third quarter 2014)
Philip Morris International Inc. (NYSE:PM) comes next as the second largest stock holding of Arrowstreet Capital with 5,081,189 shares of the company at an estimated market value of $423 million. Philip Morris International Inc. (NYSE:PM) reported net revenues of $7.9 billion in its third quarter 2014 with net earnings of $2.15 billion. Some of the primary investors of Philip Morris International Inc. (NYSE:PM) include Gardner Russo & Gardner, Arrowstreet Capital, and Adage Capital Management.
QUALCOMM, Inc. (NASDAQ:QCOM) is the third largest stock investment of Arrowstreet Capital, which owns 5,239,948 shares of the company at an estimated market value of $391 million. The chipmaker announced net revenues of $7.1 billion in its first quarter 2015 financial results along with net income of $2.0 billion. One of the major problems in front of QUALCOMM, Inc. (NASDAQ:QCOM) is that the company mentioned losing one of its top U.S. customers, which is likely to be Samsung electronics. In addition to it, the chipmaker lowered its revenue forecast for fiscal 2015. The shares of QUALCOMM, Inc. (NASDAQ:QCOM) are trading at $62.46 with current P/E ratio of 13.21.
This article has been written by Prakash Pandey.
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