Louis Navellier founded Navellier & Associates in 1980. Apart from being a fund manager, Navellier is a famous author. He is the editor of four investment newsletters, which include Blue Chip Growth, Emerging Growth, Global Growth, and Quantum Growth. In addition to this, Navellier also authored "The Little Book That Makes You Rich," which is a BusinessWeek best seller.
Another famous Wall Street author is Ken Fisher. He has written seven money management books, three of which are New York Times bestsellers. He is Forbes’ fourth-longest running columnist. He has been authoring Forbes’ Portfolio Strategy column for more than 26 years. Ken Fisher is the founder of Fisher Asset Management.
Both Ken Fisher and Louis Navellier were bullish about the following companies at the end of June:
Baidu Inc (BIDU) is the 2nd largest holding of Navellier & Associates’ equity portfolio. Louis Navellier has shares of Baidu worth $68 million. Ken Fisher’s Fisher Asset Management has the highest stake in the company. Fisher has $590 million invested in Baidu. Andreas Halvorsen also has a stake in Baidu worth $300 million. Since the end of June, the company gained 4% and outperformed the market by double digits.
Amazon (AMZN) has many prominent hedge fund managers as stakeholders. These include John Griffin, Chase Coleman, Steven Cohen, and Jim Simons. Ken Fisher has the highest stake in Amazon. He has $516 million worth of Amazon shares. Louis Navellier has $44.5 million shares of the company. The share price of Amazon has gone up by 7.5% since the end of the second quarter.
Caterpillar Inc (CAT) is a globally renowned producer of construction machines and equipment. Navellier & Associates has $43.7 million invested in Caterpillar while Fisher Asset Management has $480 million invested in the company. Fisher has the highest stake in Caterpillar. Phill Gross’ Adage Capital Management also has one of the highest positions in the company. Since the end of June, the company had a 16% decrease in its share price.
Deere & Co (DE) has lost 4% since the end of June. Deere is one of the top 20 holdings of Navellier. Navellier & Associates had $49 million invested in Deere. The firm is among the top 5 hedge funds that are bullish about DE. So does Jeffrey Vinik’s Vinik Asset Management. Vinik has $61 million invested in Deere. Ken Fisher has the highest stake in the company with a $430 million position at the end of June.
International Business Machines Corp (IBM) is the fifth largest holding of Navellier & Associates’ 13F portfolio. Navellier has shares of the company worth $64 million. Ken Fisher has $370 million invested in IBM. He has the 2nd highest stake in the company. IBM has lost 2% since the end of the second quarter. Omega Advisors’ Leon Cooperman also has a large stake in IBM.
Netapp Inc (NTAP) is a computer storage devices company. Ken Fisher’s Fisher Asset Management had $292 million invested in NTAP at the end of June. Navellier & Associates has $43.7 million invested in the company. Netapp lost 31% since the end of June. Stephen Mandel’s Lone Pine Capital has the largest position in the company with a $399 million position at the end of June.
IShares High Yield Corporate Bond ETF (HYG) has lost 3.6% since the end of June. Ken Fisher’s Fisher Asset management has $100 million invested in this ETF while Louis Navellier has $26 million invested.
Companhia De Bebidas Das Amers (ABV) is the largest beverage company in South American. Fisher Asset Management owns $62.9 million worth of ABV. Navellier owns $32 million worth of shares of the company which he purchased in the second quarter of 2011. ABV has gained around 1% since the end of the second quarter. William Von Mueffling is also a stakeholder of the company.
Perrigo Company (PRGO) has gained 6% since the end of June. The company manufactures and markets over-the-counter drugs. Fisher has $58.8 million invested in Perrigo. Louis Navellier has $36.1 million invested in the company. Jim Simons added Perrigo to Renaissance Technologies’ equity portfolio before the end of the second quarter.
Apple Inc (AAPL) is Rob Citrone’s and Ken Griffin’s largest holding. Ken Griffin has both put and call option positions of Apple, which collectively are worth around $2 billion. Currently, it is one of the most popular stocks among hedge fund managers. The popularity is justified as Apple has gained 14% since the end of June. Fisher owns $12.5 million worth of Apple shares while Navellier has $46.4 million invested in Apple.
Rockwell Automation Inc (ROK) has lost 31% since the end of the second quarter. Fisher has a $14.9 million stake in Rockwell while Navellier has $39.3 million stake. Louis Navellier has the 2nd highest stake in the company followed by Ken Fisher. Andrew Sandler’s Sandler Capital Management also has one of the top 10 stakes in Rockwell.