Platinum Asset Management Limited is a fund management company that specializes in global equities. The firm invests with the aim of ensuring that its clients receive absolute returns. Platinum Asset Management Limited submitted its SEC 13F filings for the period ended September 30, 2014, showing that Intel Corporation (NASDAQ:INTC), Alcoa Inc (NYSE:AA), and Carnival Corporation (NYSE:CCL) were its primary holdings.
Intel Corporation (NASDAQ:INTC) was top of the list of investments of Platinum Asset Management Limited for the third quarter, having investment valued at $402.6 million. Intel Corporation (NASDAQ:INTC) is a company that manufactures and markets computer components and related software. First Eagle Investment Management was the leading hedge fund in terms of number of shares of the company with a total of 40.33 million shares. The hedge fund that came second was Fisher Asset Management with 18.93 million shares. (You can see complete list on hedge funds which hold positions on Intel Corporation (NASDAQ:INTC) at the end of the third quarter).
The second largest investment of the firm was Alcoa Inc (NYSE:AA), with investment worth $305.65 million. Alcoa Inc (NYSE:AA) is a producer of lightweight metals, products and a number of solutions. Its products include primary aluminum, fabricated aluminum, and a host of related products. The company recently acquired Firth Rixson, a British jet-engine, for a value of $2.8 billion. The acquisition is expected to increase the company’s revenue by an estimated $1.6 billion by 2016.
Carnival Corporation (NYSE:CCL) was the third largest investment of Platinum Asset Management Limited, representing a total value of $287.29 million. Carnival Corporation (NYSE:CCL) is a multinational cruise company that also features among the world’s topmost vacation companies. The company has been focused on reducing its carbon emissions, and has managed to reduce it by 20% a year ahead of its schedule. In a bid to increase its customer outreach and to rope in a new set of customers, Carnival Corporation (NYSE:CCL) is planning to run a huge social media campaign.
This article has been written by Victor Ochieng.