Blue Ridge Capital’s latest 13F filing with the Securities and Exchange Commission indicates that the firm’s portfolio was worth approximately 7.96 billion at the end of March. The firm bought seven new stocks and increased its positions in 10 companies. It also sold completely out of seven stocks and reduced its holdings in seven other stocks.
Blue Ridge Capital’s Sell-Offs
One of the biggest sell-offs during the first quarter of the year was Apple Inc. (NASDAQ:AAPL), which previously made up almost 4 percent of the firm’s portfolio. Blue Capital sold off more than 500,000 shares of the stock.
It also sold all of its shares of The Walt Disney Company (NYSE:DIS), which previously made up a little over 2 percent of its portfolio, and Delta Air Lines Inc. (NYSE:DAL), which did make up a little less than 2 percent of its portfolio. Blue Ridge sold almost 11 million shares of Delta.
The firm’s other sell-offs during the first quarter were America Movil SAB. de CV (NYSE:AMX), United Continental Holdings Inc (NYSE:UAL), Verisign, Inc. (NASDAQ:VRSN) and WABCO Holdings Inc. (NYSE:WBC).
Blue Ridge Capital’s Reduced Positions
The firm reduced its position in American International Group (NYSE:AIG) by 16 percent during the first quarter, although the stock still remains its top five holdings.
It sold off almost 3 million shares of Virgin Media Inc. (NASDAQ:VMED) and also reduced its positions in Google Inc (NASDAQ:GOOG), Amazon.com, Inc. (NASDAQ:AMZN) and Priceline.com Inc (NASDAQ:PCLN).
Blue Ridge Capital’s New Purchases
The top new purchases for the firm during the quarter include Citigroup Inc (NYSE:C), Comcast Corporation (NASDAQ:CMCSA), Netflix, Inc. (NASDAQ:NFLX), The Gap Inc. (NYSE:GPS) and CBS Corporation (NYSE:CBS).
It bought between 4.5 million and 5 million shares each of Citigroup Inc. (NYSE:C), The Gap Inc. (NYSE:GPS) and Comcast Corporation (NASDAQ:CMCSA). The firm purchased 1 million shares of Netflix, Inc. (NASDAQ:NFLX) and 3.5 million shares of CBS Corporation (NYSE:CBS). Citi
The other new stock buys for the firm during the first three months of the year were News Corp (NASDAQ:NWSA) (NASDAQ:NWS) and Expedia Inc (NASDAQ:EXPE).
Blue Ridge Capital’s Increased Positions
The firm increased its position in MGIC Investment Corp. (NYSE:MTG) by 50 percent during the quarter and raised its stake in Michael Kors Holdings Ltd (NYSE:KORS) by more than 100 percent. Other major increases included Wyndham Worldwide Corporation (NYSE:WYN), Sally Beauty Holdings, Inc. (NYSE:SBH) and Time Warner Inc (NYSE:TWX).