Baskin’s Top Tech Stock Choices: Apple Inc. (AAPL), Oracle Corporation (ORCL), Google Inc (GOOGL)
Baskin Financial Services Inc.’s equity portfolio was slightly reduced its in first quarter 2015 to $299.2 million, from $309 million in the prior quarter. However, the fund continued to show its love for technology stocks, adding stakes in prominent names such as Apple Inc. (NASDAQ:AAPL), Oracle Corporation (NYSE:ORCL) and Google Inc (NASDAQ:GOOGL).
A look at Baskin’s equity portfolio quickly shows that the fund has much love for technology stocks first, followed by finance stocks. Its other stakes are spread across consumer goods, healthcare, basic materials and services.
Here are Baskin’s top technology stocks:
Baskin accumulated more shares in Apple
Baskin Financial Services seems to have been impressed by Apple Inc. (NASDAQ:AAPL)’s robust December quarter performance. The fund moved to increase its stake in Apple, pushing its holding in the company to 160,679 shares at the end of the first quarter of 2015. Baskin’s previous stake in Apple prior to the first quarter of 2015 was 151,918 shares, worth about $16.77 million. The new stake in Apple is valued at $19.99 million.
Analysts are pointing at continued increase in Apple’s iPhones sales, partly because of customers upgrading to newer versions of the iPhone.
Baskin shows confidence in Oracle
Baskin Financial Services made a positive but somehow cautious move in Oracle Corporation (NYSE:ORCL). The fund owned 253,237 shares in Oracle at the end of the latest quarter, representing a slight increase from 252,912 in the prior quarter. The new position in Oracle is valued at $10.93 million.
Oracle is one of the technology names campaigning for larger cloud presence. The company’s cloud business is still dwarfed by Amazon.com, Inc. (NASDAQ:AMZN) and Microsoft Corporation (NASDAQ:MSFT), but it is making impressive gradual progress on that front.
Baskin makes positive move in Google
Baskin maintains Google Inc (NASDAQ:GOOGL) among its top three best technology stocks. The fund accumulated more shares in Google in the first quarter, raising its holding in the company to 18,768 shares, up from 16,837 shares in the previous quarter. Baskin’s new stake in Google is valued at $10.29 million, higher than $8.86 million at the end of the fourth quarter.
In the finance segment, Baskin owns names such as Bank of Nova Scotia (NYSE:BNS) and JPMorgan Chase & Co (NYSE:JPM).
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