Apple Inc. (AAPL), Hewlett-Packard Company (HPQ) and Qualcomm, Inc. (QCOM): Edmp, Inc.’s Top Tech Picks
Edmp, Inc.’s equity portfolio value depreciated to $104.5 million in the second quarter 2015, from $108.8 million in the first quarter 2015, the fund has disclosed in its latest regulatory filing.
In the second quarter, Edmp, Inc. took the opportunity to reconstitute its equity portfolio, dropping one stock completely and starting a fresh position in another one. The fund also sold some shares in 18 stocks and increased stockholding in another 18 stocks.
Edmp, Inc. has much love for Technology stocks, making up 32% of its portfolio. The fund is also active in the Healthcare, Consumer Discretionary and Consumer Staples sectors. Here is a closer look at Edmp, Inc.’s top 3 Technology picks by dollar value and how it played them in the second quarter: Apple Inc. (NASDAQ:AAPL), Hewlett-Packard Company (NYSE:HPQ) and Qualcomm, Inc. (NASDAQ:QCOM).
Best 3 Tech picks
Position in Apple (AAPL) unchanged
Edmp, Inc. neither increased nor reduced its stockholding in Apple Inc. (NASDAQ:AAPL) during the second quarter. However, the dollar value of the investment fell slightly, to $6.27 million, from $6.33 million at the end of the first quarter.
Stake in Hewlett-Packard (HPQ) lowered significantly
Edmp, Inc. significantly lowered its stake in Hewlett-Packard Company (NYSE:HPQ) during the second quarter. The fund owned 3,815 shares in HPQ at the end of the latest quarter for a dollar value of $4.67 million. However, Edmp, Inc.’s previous stake in HPQ was 160,464 shares valued at $5 million.
Stake in Qualcomm (QCOM) chopped
The stake in chipmaker Qualcomm, Inc. (NASDAQ:QCOM) was lowered in the second quarter to just about 26,069 shares worth $3.62 million, from 58,295 shares valued at more than $4 million.
During the second quarter, Edmp, Inc. initiated a fresh stake in Eaton Corp plc (NYSE:ETN), acquiring 13,582 shares in the company. The fund also put in more money to increase stakes in AT&T Inc. (NYSE:T) and International Business Machines Corp. (NYSE:IBM) in the second quarter.
In a contrary move, Edmp, Inc. sold most shares in Kohl’s Corporation (NYSE:KSS), Omega Healthcare Investors Inc (NYSE:OHI) and Qualcomm during second quarter.
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