BTR Capital Management started offering investment services in 1989 and it has current portfolio of $362 million with Chevron Corporation (NYSE:CVX), Schlumberger Limited. (NYSE:SLB), Microsoft Corporation (NASDAQ:MSFT) as its primary stock investments. According to the recent SEC 13F filing of BTR Capital Management on October 14, its largest investment is in the information technology sector followed by its investments in finance industry.
Chevron Corporation (NYSE:CVX) is the top stock holding of BTR Capital Management with 109,182 shares of the company along with current market value of $13.02 million. The company reported overall operating and sales revenues of $52 billion during its third quarter 2014 with earnings of $5.6 billion. Fisher Asset Management is the largest investor of Chevron Corporation (NYSE:CVX) with current investments of $457 million. Some other primary investors of the company include Adage Capital Management ($331 million) and First Eagle Investment Management ($291 million).
Schlumberger Limited. (NYSE:SLB) comes at number two in BTR Capital Management’s portfolio with 113,527 shares at current market value of $11.54 million. Schlumberger Limited. (NYSE:SLB) announced net revenues of $12.6 billion along with net income of $1.94 billion attributable to the company. Some of the primary investors of the company include Fisher Asset Management ($491 million), Greenhaven Associates ($429 million), and Adage Capital Management ($290 million).
BTR Capital Management has its third largest stock investment in Microsoft Corporation (NASDAQ:MSFT) with 245,668 shares of the company at current market value of $11.38 million. Among the latest development for the Windows maker is its increasing attention towards Smartphone industry. Microsoft Corporation (NASDA:MSFT) launched its latest Windows smartphone, Microsoft Lumia 535, under its brand name instead of the recently acquired Finnish phone maker, Nokia. The smartphone market share of the company dropped to 2.7% during the second quarter of 2014.
This article has been written by Prakash Pandey.