Lansdowne Partners Limited Parnership filed its 13F for the quarter ending March 2013 today. The company showed that its long equity portfolio had increased in value to $7,308,642,084 at the end of the month, up from $6,016,467,489 at the end of December 2012. In the three months, the company added 9 new positions, including a really big bet on Intel Corporation (NASDAQ:INTC).
Despite the problems in the PC sector, and by extension the processor sector, Lansdowne Partners bought up 20,667,700 call options on Intel Corporation (NASDAQ:INTC) in the first three months of 2013. The options carry a value of $ 451,383,000, and make up 6.18 percent of the firm’s portfolio at the end of March 2013.
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The firm also added 1,919,200 shares in Morgan Stanley (NYSE:MS) in the three months, those shares were valued at $42,184,015 on the last day of March. A substantial 593,783 shares in LinkedIn Corp (NYSE:LNKD) was added with a value of $ 104,541,434 at the end of the quarter.
Other notable additions included 708,724 shares in The Carlyle Group LP (NASDAQ:CG), 100,000 shares in Tri Pointe Homes Inc (NYSE:TPH), another 100,000 shares in Dollar General Corp. (NYSE:DG), 259,000 shares in Goldman Sachs Group, Inc. (NYSE:GS), 3 million shares in MGIC Investment Corp. (NYSE:MTG), and 236,658 shares in Pan American Silver Corp. (NASDAQ:PAAS).
The firm exited positions in The Coca-Cola Company (NYSE:KO), dropping 5,493,014 shares in the company in the first quarter of the year. The company also dropped the 7,212,759 shares it had in Virgin Media Inc. (NASDAQ:VMED), 196,828 shares in Facebook Inc (NASDAQ:FB), 156,100 shares in CIT Group Inc. (NYSE:CIT), and 7,114 shares in Cymer, Inc. (NASDAQ:CYMI).
One of the other big sell offs Landsdowne Partners made in the period ending in March included the sale of 40 percent of the firm’s stake in Wells Fargo & Co (NYSE:WFC), though the stock still makes up 5.44 percent of its portfolio, down from more than 10 percent at the end of 2012.
The firm added 11,700,640 shares in Bank of America Corp (NYSE:BAC), bringing its total holding in the company to 38,211,720, representing 5.12 percent of its entire long portfolio. The firm also added a significant amount of shares to its stake in Comcast Corporation (NASDAQ:CMCSA). The firm now holds 15,336,644 shares in the company valued at $643,832,308 at the end of the quarter.
The firm’s biggest holding by market value is in JPMorgan Chase & Co. (NYSE:JPM), 11.69 percent of its portfolio valued at $ 854,109,934. The remainder of the top five is made up of NIKE, Inc. (NYSE:NKE), Accenture Plc (NYSE:ACN), Comcast and Google Inc (NASDAQ:GOOG). The Landsdowne European short portfolio is available here.