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Columbus Circle Investors, based in Stamford, Conn., manages over $1 billion in at least three hedge funds, CCI Healthcare Partners Ltd., CCI Technology Partners, LP, and CCI Technology Partners, Ltd. In total, it manages over $15.1 billion also including discretionary accounts for corporate, public, Taft-Hartley, endowment/foundations and healthcare institutions in a variety of growth-oriented portfolios in Large Cap, Mid Cap, Small Cap and Technology categories for domestic equities.

Its investment philosophy is bottom-up, growth oriented and uses positive momentum and positive surprise to invest in good companies that are getting stronger and in companies whose fundamentals are exceeding investor expectations. Both of its Technology Hedge Funds with a total of $720 million in assets under management have returned 24.78% compound annual return or a total return of 109% since portfolio inception in January 2008, and its $360 million Healthcare Hedge Fund has returned 11% compound annual return or a total return of 197% since portfolio inception in January 2001.

While Columbus Circle Investors works only for the investors in its hedge funds and for institutions, savvy investors can ride its ‘coattails’ with a knowledge of its holdings and new picks, or better still use the list as a starting point to conduct their own due diligence. Following is a list of the new and increased positions in the healthcare and technology sectors for the latest March 2011, quarter for the $15.1 billion total assets under management, which includes the $1.1 billion in Hedge Funds focused on technology and healthcare sectors and the remaining in Institutional discretionary accounts:
  • Qualcomm Inc. (NASDAQ:QCOM), a designer of CDMA-based, RF, and power management IC’s for system software used in wireless handsets, modem cards, and networks.
  • Oracle Corp. (NYSE:ORCL), a developer of database, middleware and business application software and hardware system for enterprises.
  • Agilent Technologies (NYSE:A), a manufacturer of chromatographs, oscilloscopes, signal and spectrum analyzers, signal generators, and photonic test equipment.
  • Watson Pharmaceuticals (WPI), a developer of generic and branded drugs including oral contraceptives, analgesics and smoking cessation aids.
  • Thermo Fisher Scientific (NYSE:TMO), a manufacturer of mass spectrometry, liquid and gas chromatography, and optical spectroscopy instruments.
  • Illumina Inc. (NASDAQ:ILMN), a developer of integrated systems for the large scale analysis of genetic variation and biological function.
  • Pfizer Inc. (NYSE:PFE), a developer of branded prescription drugs for cardiovascular and metabolic diseases and other conditions.
  • Stryker Corp. (NYSE:SYK), a developer of orthopedic implants, surgical instruments, imaging systems and operating room and emergency medical equipment.
  • St. Jude Medical Inc. (NYSE:STJ), a developer of cardiovascular medical devices for cardiac rhythm management and atrial fibrillation.
  • Gilead Sciences Inc. (NASDAQ:GILD), a developer of therapeutics to treat viral, fungal, respiratory and cardiovascular diseases.
  • Netlogic Microsystems (NASDAQ:NETL), a designer of multi-core, knowledge-based and ultra low-power embedded processors.
  • Commvault Systems Inc. (NASDAQ:CVLT), a developer of backup and recovery, replication, archival and storage management software for enterprises.
  • Alcatel-Lucent ADS (NYSE:ALU), a French provider of telecommunications equipment and services to fixed line, wireless, and internet service providers.
  • Netease.com Inc. ADR (NASDAQ:NTES), a Chinese provider of an interactive online gaming community, internet portal and wireless value-added services.
Table
Company
Ticker
New or Increased Position
Market Value
Top Increased Technology and Healthcare Positions
Qualcomm Inc.
QCOM
Increased
$ 336 million
Oracle Corp.
ORCL
Increased
$ 325 million
Agilent Technologies Inc.
A
Increased
$ 287 million
Watson Pharmaceuticals Inc.
WPI
Increased
$ 232 million
Thermo Fisher Scientific Inc.
TMO
Increased
$ 226 million
Illumina Inc.
ILMN
Increased
$ 186 million
Pfizer Inc.
PFE
Increased
$ 187 million
Top New Technology and Healthcare Positions
Stryker Corp.
SYK
New
$ 95 million
St. Jude Medical Inc.
STJ
New
$ 78 million
Gilead Sciences Inc.
GILD
New
$ 75 million
Netlogic Microsystems
NETL
New
$ 59 million
Commvault Systems Inc.
CVLT
New
$ 47 million
Alcatel-Lucent
ALU
New
$ 36 million
Netease.com Inc.
NTES
New
$ 30 million
Credit: Historical fundamentals including operating metrics and stock ownership information were derived using I-Metrix® by Edgar Online®, Zacks Investment Research, Thomson Reuters and Briefing.com. The information and data is believed to be accurate, but no guarantees or representations are made.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
Disclaimer: Material presented here is for informational purposes only. Nothing in this article should be taken as a solicitation to purchase or sell securities. Before buying or selling any stock you should do your own research and reach your own conclusion. Further, these are my ‘opinions’ and I may be wrong. I may have positions in securities mentioned in this article. You should take this into consideration before acting on any advice given in this article. If this makes you uncomfortable, then do not listen to my thoughts and opinions. The contents of this article do not take into consideration your individual investment objectives so consult with your own financial adviser before making an investment decision. Investing includes certain risks including loss of principal.
Source: Top Healthcare and Technology Picks by Columbus Circle Investors