Microsoft Corporation (MSFT), Google Inc (GOOGL), Qualcomm, Inc. (QCOM): Flossbach Von Storch AG’s Best Tech Picks
Flossbach Von Storch AG equity portfolio increased to $4.43 billion in 1Q2015 compared to $4.26 billion in 4Q2014. The fund has majority of its equity investment in technology stocks with Microsoft Corporation (NASDAQ:MSFT), Google Inc (NASDAQ:GOOGL) and Qualcomm, Inc. (NASDAQ:QCOM) emerging as its best tech stocks in the latest quarter. Flossbach also has significant portions of its equity portfolio in healthcare and consumer goods.
Flossbach collates more shares in Microsoft
Flossbach increased its equity holding in Microsoft Corporation (NASDAQ:MSFT) to 8.7 million valued at $354 million in 1Q. The fund owned just about 5.3 million shares worth $247 million in Microsoft in 4Q.
Flossbach showed more love for Microsoft at the time when Satya Nadella is trying to focus the company on new growth opportunities in hardware, software and cloud. Microsoft is one of the largest providers of cloud infrastructure alongside Amazon.com, Inc. (NASDAQ:AMZN). As the PC business ages with sales shrinking, Microsoft is looking at mobile and cloud for new growth and the progress so far is impressive.
Slight addition in Google
Flossbach Von Storch accumulated more shares in Google Inc (NASDAQ:GOOGL) during 1Q, but the uptick was smaller than in Microsoft. The fund owned 502,440 shares in Google worth $279 million at the end of 1Q. That represented a slight improvement by share amount from 483,920 shares valued at $257 million at the end of the previous quarter.
Flossbach’s dollar value in Qualcomm falls
Flossbach Von Storch maintained Qualcomm, Inc. (NASDAQ:QCOM) as its third-best stock pick in dollar terms after Microsoft and Google during 1Q. However, the fund’s monetary value in the mobile chipmaker declined during the quarter. At the end of 1Q, Flossbach held 3.47 million shares worth $240 million in Qualcomm, which compared with 3.39 million shares worth $252 million. While Flossbach accumulated more shares in Qualcomm in 1Q, its dollar value in the business dropped $252 million to $240 million.
Flossbach Von Storch’s other tech picks include eBay Inc (NASDAQ:EBAY), International Business Machines Corp. (NYSE:IBM) and Oracle Corporation (NYSE:ORCL).
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