Cohen Klingenstein has a net portfolio of $566 million with The Walt Disney Company (NYSE:DIS), PepsiCo, Inc. (NYSE:PEP), Amazon.com, Inc. (NASDAQ:AMZN) as its top stock holdings, according to its recent SEC 13F filing on October 14, 2014. Cohen Klingenstein has its majority of investments in finance and consumer discretionary industries.
The Walt Disney Company (NYSE:DIS) is the largest stock holding of Cohen Klingenstein, which owns 350,821 shares of the company with net market value of $31 million. Earlier, the entertainment company decided to offer financial support of $1.25 billion to the Euro Disney group considering its poor financial circumstances. The Walt Disney Company (NYSE:DIS) is likely to offer €420 million in cash followed with a €600 million debt-to-share transformation. Some of the primary investors of The Walt Disney Company (NYSE:DIS) include Soroban Capital Partners, Fisher Asset Management, and Lansdowne Partners.
Cohen Klingenstein has its second largest stock holding in PepsiCo, Inc. (NYSE:PEP) and owns 168,505 shares of the company at current market value of $15 million. PepsiCo, Inc. (NYSE:PEP) announced its third quarter 2014 results earlier with reported EPS of $1.32 and growth of 2 percent in its net revenue. Yacktman Asset Management, Trian Partners, and Eagle Capital Management are among the primary investors of PepsiCo, Inc. (NYSE:PEP).
Amazon.com, Inc. (NASDAQ:AMZN) is the third largest stock holding of Cohen Klingenstein with investments worth $13 million and 40,935 shares of the online retailer. The online retailer announced net sales of $20.58 billion in its third quarter 2014 with net loss of $437 million for the quarter. Amazon.com, Inc. (NASDAQ:AMZN) is expecting net sales of $27.3 billion to $30.3 billion in its fourth quarter 2014 with expected operating loss of $430 million to $570 million. Fisher Asset Management is the chief investor of Amazon.com, Inc. (NASDAQ:AMZN) followed by Lansdowne Partners and Soroban Capital Partners.
This article has been written by Prakash Pandey.