Computer Sciences Corporation (CSC), Apple Inc. (AAPL) and Microsoft Corporation (MSFT): ISF Management’s Best 3 Technology Picks
The equity portfolio of ISF Management LLC declined to slightly above $95 million in 1Q2015 from more than $99.9 million in 4Q2014. The decrease came on the back of various reforms in the portfolio mix during 1Q.
ISF Management added stake in four stocks and reduced holding in 13 other stocks in 1Q. The fund also sold out of one other stock during the quarter.
In terms of sectors, ISF Management has its best bet in Technology, which account for 53% of its portfolio. The fund also has exposure to Healthcare, Consumer Discretionary, Transport and Finance sectors.
Here is a closer look at ISF Management’s best 3 Technology holdings by dollar value and how the fund played them in 1Q.
Stake in Computer sciences falls
ISF Management decided to cut its stake in Computer Sciences Corporation (NYSE:CSC) in 1Q. The fund lowered its holding in the company to 163,097 shares from 176,732 at the end of the previous quarter. The new stake was valued at $10.8 million. The previous holding was valued at $11.1 million.
Holding in Apple declines
ISF Management deemed it wise to narrow exposure to Apple Inc. (NASDAQ:AAPL) during 1Q2015. The fund owned 83,929 shares in Apple at the end of the latest quarter, lower than 94,854 shares held at the end of the previous quarter. Although the number of shares held in Apple declined between 1Q2015 and 4Q2014, the financial value of the stake appreciated. The new stake in Apple was valued at $10.6 million from $10.5 million in the previous report.
Apple is looking for new growth and it is betting on Apple Watch to help it achieve that goal.
ISF Management raises stake in Microsoft
The stake in Microsoft Corporation (NASDAQ:MSFT) rose to 207,635 shares in 1Q2015 from 181,393 shares in 4Q2014. The dollar value of the new stake in Microsoft also rose to $8.5 million from $8.4 million in the previous filing.
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