Hoplite Buys AIG, Capital One, Visa; Sells Baidu, Estee Lauder

Hoplite Buys AIG, Capital One, Visa; Sells Baidu, Estee Lauder
By American International GroupSVG version by JBarta (http://www.aig.com) [Public domain], <a href="https://commons.wikimedia.org/wiki/File%3AAIG_logo.svg">via Wikimedia Commons</a>

Hoplite Capital Management’s third-quarter 13F activity shows major increases in financial services stocks. Among the firm’s new holdings are American International Group, Inc. (NYSE:AIG), Capital One Financial Corp. (NYSE:COF) and Visa Inc (NYSE:V). Its largest sell-offs include Baidu.com, Inc. (NASDAQ:BIDU) and Estee Lauder Companies Inc (NYSE:EL).

Equinix Inc (NASDAQ:EQIX) is the firm’s top stock, holding 7.3 percent of its portfolio. Starbucks Corporation (NASDAQ:SBUX) comes in second with 5.69 percent, while Carter’s, Inc.(NYSE:CRI), Tripadvisor Inc (NASDAQ:TRIP)  and

Priceline.com Inc (NASDAQ:PCLN) round out the firm’s top five stocks.

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Hoplite Buys AIG, Capital One, Visa; Sells Baidu, Estee Lauder

In all Hoplite sold out of 13 stocks, purchased 19 new stocks, and increased its holdings in 13 stocks. The firm also reduced its holdings in 16 stocks.

Adds And Increases

The firm entered into holdings for American International Group, Inc. (NYSE:AIG) at more than 2.5 million shares, dropping it into the eighth spot on its list of holdings. Capital One Financial Corp. (NYSE:COF) and Visa Inc (NYSE:V) were also new purchases for Hoplite in the third quarter. The company also swapped Estee Lauder Companies Inc (NYSE:EL) stock for increased shares in Ulta Salon, Cosmetics & Fragrance, Inc. (NASDAQ:ULTA).

Reductions And Sell-Offs

Hoplite sold off all of its one million shares of Baidu.com, Inc. (NASDAQ:BIDU). It closed out more than a million shares of Estee Lauder Companies Inc (NYSE:EL), Harley-Davidson, Inc. (NYSE:HOG), Monster Beverage Corp (NASDAQ:MNST), and Anheuser-Busch InBev NV (NYSE:BUD) (EBR:ABI). In addition Hoplite also dropped all of its shades of Ford Motor Company (NYSE:F), Facebook Inc (NASDAQ:FB), and Amazon.com, Inc. (NASDAQ:AMZN).

The firm also reduced its holding in the embattled Apple Inc. (NASDAQ:AAPL) stock.

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