Tiger cub Rob Citrone’s Discovery Capital joins the club of hedge funds who were buying Apple Inc. (NASDAQ:AAPL) over the last quarter. Discovery Capital bought 672,600 shares of Apple Inc. (NASDAQ:AAPL), teaming up with its siblings Coatue Management and Viking Global who also bought shares of the tech giant in Q2, however Citrone’s stake is by far the largest among them.

Discovery Capital Management

Other positions that were added over the last quarter were 553k shares of BlackBerry Ltd (NASDAQ:BBRY) (TSE:BB), 4.9 million shares of Broadcom Corporation (NASDAQ:BRCM), 2.1 million shares of JPMorgan Chase & Co (NYSE:JPM). Interestingly, Citrone seems bullish on Peru, the fund bought iShares MSCI All Peru Capped Index Fund (NYSEARCA:EPU) in Q2.

Discovery and others buy Micron Technology

Yet again we see a hedge fund buying Micron Technology, Inc. (NASDAQ:MU), Discovery bought 15.8 million shares of the company that makes semiconductor memory. This stock seems to have caught the eye of hedge funds, so far notable hedge funds like Viking Global, Baupost Group, and Bridgewater Associates have initiated new positions in the company in the last quarter. In addition Odey Asset Management and JAT Capital also bought shares in the company whereas Soros increased his position. Seems like hedge funds are bullish on this player in the semiconductor industry, which has a history of cyclical growth based on the up and downs in the smartphone industry, MU is up 140% YTD.

Discovery sold out its positions in QUALCOMM, Inc. (NASDAQ:QCOM), Pfizer Inc. (NYSE:PFE), Capital One Financial Corp. (NYSE:COF) and Equinix Inc  (NASDAQ:EQIX) in the last quarter.

Discovery bought more of Priceline, Sandisk

Major increases in holdings were seen in SanDisk Corporation (NASDAQ:SNDK), where the fund bought 3.8 million shares of the company, taking its net position to 6.4 million shares. Discovery also bought more of tiger cubs’ favourite holding, Priceline.com Inc (NASDAQ:PCLN) in the last quarter and increased its position in The Walt Disney Company (NYSE:DIS) at the same time.

The fund cut its position in Hertz Global Holdings, Inc. (NYSE:HTZ) and DIRECTV (NASDAQ:DTV).

Buzz stock of Q2? Baupost Group, Bridgewater, Viking Global, Discovery Capital all bought new positions in Micron Technologies $MU in Q2.

— Tabinda Hussain (@tabihussain) August 14, 2013