Hedge fund update: Vinik Asset Management
Another in a series of updates on Boston hedge fund holdings based on quarterly reports filed with the Securities and Exchange Commission this week:
Vinik Asset Management, the hedge fund that claims to be in business only to manage its own money and that of some friends, reported on assets of $5.4 billion as of June 30, down slightly from $5.4 billion reported for March 31. The filings report stock holdings and some equity derivatives, but not other kinds of securities.
Reports filed for Vinik Asset Management are unusual because they break out individual investments directed by firm principal Jeff Vinik, the former Fidelity Magellan manager, and four other portfolio managers at the firm. I've focused exclusively on investments attributed to Jeff Vinik here.
Vinik's top 10 stock holdings on June 30 were: Foster Wheeler Ltd. ($129.8 million), Google Inc. ($112.2 million), Intuitive Surgical Inc. ($93.7 million), Coach Inc. ($91 million), ABB Ltd. ($90.7 million), Transocean Inc. ($90.3 million), Gilead Sciences Inc. ($69.6 million), XTO Energy Inc. ($69.5 million), Cognizant Technology Solutions Corp. ($59.9 million) and SPX Corp. ($59.3 million).
The 10 largest stock holdings reported by Vinik for March 31 were: Coach, Google, XTO Energy, Manitowoc Co. Inc., Foster Wheeler, Gilead Sciences, Intuitive Surgical, an exchange traded fund tracking homebuilders including in the S&P 500, Schlumberger Ltd. and Network Appliance Inc.
You can read the full Vinik Asset Management quarterly filing with the SEC HERE. The firm's report for the previous quarter is available HERE.
