Apple Inc. (AAPL), Oracle Corporation (ORCL) and Microsoft Corporation (MSFT): JLB & Associates Inc’s Prominent Tech Picks
JLB & Associates Inc has reported in the latest 13F filing that the value of its equity portfolio appreciated to $322.9 million at the end of the second quarter 2015. The fund’s equity portfolio was valued at $319.9 million at the end of the first quarter 2015.
The appreciation in equity value came amid a number of reforms to the portfolio mix. There were no brand new purchases made during the second quarter, but JLB & Associates Inc. sold out of two stocks during the quarter.
JLB & Associates Inc also took the opportunity in the second quarter to reduce exposure to some 30 stocks and increase stakes in another 34 stocks.
At the end of the quarter, JLB & Associates Inc. had its best interest in terms of industries in Technology, accounting for 24% of its portfolio. The fund is also active in Healthcare, Consumer Discretionary and Industrial sectors.
Here is a brief look at JLB & Associates Inc’s most prominent Technology stocks at the end of the second quarter and how the fund traded them: Apple Inc. (NASDAQ:AAPL), Oracle Corporation (NASDAQ:ORCL) and Microsoft Corporation (NASDAQ:MSFT).
Stake in Apple (AAPL) jumps modestly
JLB & Associates Inc owned 82,516 shares in Apple Inc. (NASDAQ:AAPL) at the end of the second quarter 2015. The stake increased slightly from 82,300 shares at the end of the previous quarter. The dollar value of the new stake is $10.3 million, compared to $10.2 million at the end of the first quarter 2015.
Investment in Oracle (ORCL) plunge in dollar value
The position in Oracle Corporation (NASDAQ:ORCL) rose slightly to 233,092 shares for a total value of $9.4 million at the end of the latest quarter. The previous stake was 231,921 shares, valued at more than $10 million. For that reason, while the number of shares held in Oracle increased between the first quarter and second quarter, the dollar value of the investment fell in the same period.
JLB & Associates Inc lower exposure to Microsoft (MSFT)
JLB & Associates Inc sold some shares in Microsoft Corporation (NASDAQ:MSFT) during the second quarter such that it finished the quarter with 179,494 shares in the company. The previous position was 181,330 shares for a total dollar value of $7.4 million. The latest position is valued above $7.9 million.
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