Peak Ten Capital LLC has made its 2Q2015 regulatory filings, disclosing that it sold out of 13 stocks during the quarter and started 11 fresh positions in the same period. The fund also boosted holdings in 11 others stocks and reduced exposure to some seven stocks during 2Q.
At end of the day, Peak Ten Capital LLC reported that the value of its equity portfolio rose to $52.99 million from $52.89 million at the end of 1Q2015.
Peak Ten Capital LLC’s equity portfolio is predominantly Technology, which accounts for a whopping 82% of its total portfolio. Besides Technology, the fund also has exposure to Industrials, Healthcare and Consumer Discretionary sectors.
Here is a closer look at Peak Ten Capital LLC’s top 3 fresh buys: VMware, Inc. (NYSE:VMW),
Workday Inc (NYSE:WDAY) and Fitbit Inc (NYSE:FIT).
Top 3 fresh Tech buys:
40,000 shares in VMware (VMW)
Peak Ten Capital LLC initiated a position of 40,000 shares in VMware, Inc. (NYSE:VMW) during 2Q. The stake was valued at $3.4 million at the end of the quarter.
Stake in Workday (WDAY) valued at $2.67 million
The fund also made a fresh move in Workday Inc (NYSE:WDAY), buying 35,000 shares in the company. The position in Workday was valued at $2.67 million at the end of 2Q.
44,353 shares in Fitbit (FIT)
Peak Ten Capital LLC launched a fresh position of 44,353 shares in Fitbit Inc (NYSE:FIT) during 2Q. The position in Fitbitwas valued at $1.70 million at the end of the quarter.
Top 3 sold out positions
Peak Ten Capital LLC sold all the shares in owned in Cisco Systems, Inc. (NASDAQ:CSCO), Yahoo! Inc. (NASDAQ:YHOO) and SanDisk Corporation (NASDAQ:SNDK) during 2Q.
Peak Ten Capital shuffles overall best equity pick
Peak Ten Capital LLC reshuffled its top 3 overall equity picks with Inovalon Holdings Inc (NASDAQ:INOV) becoming the best overall in terms of dollar valued. In the second and third positions came Google Inc (NASDAQ:GOOG) and Qlik Technologies Inc (NASDAQ:QLIK), respectively. Qlik Technologies was the fund’s best overall equity stake at the end 1Q2015.