Orbis Investment Management LLC is an employee-owned investment manager that invests with a value oriented, contrarian, and long-term approach. The firm offers its services to both institutions and individuals. According to the SEC 13F filings of Orbis Investment Management LLC, covering the period ended September 30, 2014, NetEase, Inc (ADR) (NASDAQ:NTES), eBay Inc (NASDAQ:EBAY), and Motorola Solutions Inc (NYSE:MSI) were its top three holdings.
NetEase, Inc (ADR) (NASDAQ:NTES) was the leading investment of Orbis Investment Management LLC with an investment value of $1.3 billion. This is a Chinese company operating a web portal that develops applications, services and a couple of technologies. NetEase, Inc (ADR) (NASDAQ:NTES) uses 163.com. Orbis Investment Management had the highest number of shares of the company with 15.5 million shares. Renaissance Technologies was second with 2.8 million shares. (You can see complete list of hedge funds which hold positions on NetEase, Inc (ADR) (NASDAQ:NTES) at the end of third quarter.)
EBay Inc (NASDAQ:EBAY) emerged as the second largest investment of the firm with a value of $930.9 million. eBay Inc (NASDAQ:EBAY) is an e-commerce company that operates an online trading community that brings together individuals and businesses. Some of the products exchanged on the platform are coins, electronics, computers, stamps, just to mention a few. EBay Inc (NASDAQ:EBAY) has been downgraded to “sell” from “hold” by the Baron’s. The company also carries out several operations through its subsidiaries such as PayPal, StubHub, GMarket, and several others.
Motorola Solutions Inc (NYSE:MSI) was the third largest investment of Orbis Investment Management LLC, having a value of $910.8 million. Motorola Solutions Inc (NYSE:MSI) is a telecommunications equipment and data communications provider. The company provides a wide array of products, including data capture solutions, bar code readers, two way radios, wireless broadband networks, and several others. The third quarter 2014 results of Motorola Solutions Inc (NYSE:MSI) disappointed, with both revenue and earnings falling short of Zacks Consensus Estimate. The total revenue for the quarter was $1.4 billion, which is a 5.3% year over year lower than Zacks Consensus Estimate of $1.5 billion.
This article has been written by Victor Ochieng.