Apple Inc. (AAPL), Microsoft Corporation (MSFT) and Facebook Inc (FB): Gateway Investment Advisers LLC’s Best Tech Picks


Gateway Investment Advisers LLC has reported in its latest 13F filing that it offloaded nine stocks from its equity holding during the second quarter 2015. The fund also took the opportunity in the second quarter to launch brand new positions in some 14 stocks.

In other reform measures, Gateway Investment Advisers LLC increased exposure to 93 stocks and cut stakes in a whopping 472 stocks.

Largest buys: Allergan PLC (NYSE:AGN), General Electric Company (NYSE:GE) and Walt Disney Co (NYSE:DIS) featured among the fund’s largest buys during the second quarter.

Largest sells: On the other hand, Actavis, ZF TRW Automotive Holdings Corp (NYSE:TRW) and Wec Acquisition Corp (NYSE:TEG) bore the brunt as the largest sells during the latest quarter.

After all the reforms, Gateway Investment Advisers LLC reported that the value of its equity portfolio decreased to $11.99 billion in the second quarter, from $12.1 billion at the end of the previous quarter.

In terms of sectors, Gateway Investment Advisers LLC has significant investment in the Technology, Finance and Healthcare industries.

Here is a closer look at the fund’s most prominent Technology stock picks by dollar value during the second quarter and how it played them: Apple Inc. (NASDAQ:AAPL), Microsoft Corporation (NASDAQ:MSFT) and Facebook Inc (NASDAQ:FB).

Prominent Tech picks

Dollar value in Apple appreciates despite drop in stockholding

Gateway Investment Advisers LLC lowered its stake in Apple Inc. (NASDAQ:AAPL) to 3.899 million shares at the end of the second quarter, from 3.914 million at the end of the first quarter 2015. Despite the decline in stockholding in Apple, the dollar value of the investment appreciated to $489 million in the second quarter, from $487 million in the first quarter.

Gateway lowers stockholding in Microsoft (MSFT)

The stake in Microsoft Corporation (NASDAQ:MSFT) dropped slightly in the second quarter, to 5.5 million shares from 5.52 million shares at the end of the previous quarter. The new stake is valued at $243 million compared to $224 million at the end of the first quarter.

Gateway acquires more shares in Facebook (FB)

Gateway Investment Advisers LLC took up more shares in Facebook Inc (NASDAQ:FB) during the second quarter, such that its stake in the stock jumped to 1.49 million at the end of the quarter. At the end of the first quarter, the fund owned 1.48 million shares in Facebook, for a dollar value of $121.7 million. The new stake is worth $128 million.

Neha Gupta

Neha Gupta has been in the financial space for over six years now. Gupta earned her MBA degree from Symbiosis Centre of Distance Learning in 2009 and her passion for finance led her to pursue Chartered Financial Analyst (CFA) course. She has successfully completed Level II of her CFA. She is a veteran in article writing, which is depicted in her numerous pieces published on SeekingAlpha, Nextiphonenews, InsiderMonkey, MarketWatch, and Techinsider. Her crisp and eloquent writing finds its best place in Researchcows, where emphasis is given on developing rich content for various websites, products, business plans, trainings, and book writing.

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