Home Business Lansdowne Buys JPM, INTC, GOOG, AMZN; Sells AAPL, APC, CTSH, ETFC


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Lansdowne Partners LP, is one the largest hedge fund in Europe. As of June 30, 2012, the firm’s portfolio is worth $ 5,496, 869,393 of reported assets on the fund’s SEC fillings.  During the second quarter, the firm bought eight new stocks and increased its holdings in 14 stocks. The company also sold 10 stocks and reduced its holdings in 14 stocks.

Based on the firm’s 13F Filing, the hedge fund’s top holdings include JPMorgan Chase & Co. (NYSE:JPM) 18, 304, 990 shares; Wells Fargo & Company (NYSE:WFC) 17,103,064 shares; Accenture Plc (NYSE:ACN) Ltd. Ireland  9,265,305 shares; Intel Corporation (NASDAQ:INTC) 20, 220, 857 shares; and Google Inc (NASDAQ:GOOG) 918, 388 shares.

The current value of its stake in JP Morgan Chase is worth $654,037, 284, after purchasing 788,821 additional shares. The firm also increased its holdings in Intel by more than 1.5 million shares, and Google by more than 260,000 shares. The market values of the stocks are $538,885,831 and $532, 792,334 respectively.

According to the report from Bloomberg, based on regulatory filings, many hedge fund players invested in JPM amidst the “London whale” controversy after the stock suffered a 22 percent decline. Investors perceived the situation as a good opportunity to buy the stock and generate good profit in the future. Lansdowne Partners is one of the firms with large stakes in JPMorgan Chase & Co. (NYSE:JPM), including BlueMountain Capital, Kynikos Associates, Paulson & Co, York Capital, and TPG-Axon Capital Management.

Its stake in Amazon.com, Inc. (NASDAQ:AMZN) is more than 1 million shares, after purchasing additional 16,462 shares during the second quarter. The market value of the stock is $229,065,655.

Lansdowne Partners reduced its holding in Accenture by more than 3 million shares, and its existing worth is $566,752,179. The hedge fund also reduced its investment in Wells Fargo & Company (NYSE:WFC) by almost 1 million shares, and its current market value is $571,926,437.

The hedge fund sold its stakes in Morgan Stanley (NYSE:MS), Anadarko Petroleum Corporation (NYSE:APC), E*Trade Financial Corporation (NASDAQ:ETFC), Apple Inc. (NASDAQ:AAPL), and Cognizant Technology Solutions Corp (NASDAQ:CTSH).

Lansdowne Partners placed a call option on 17,800,000 shares of Bank of America Corp (NYSE:BAC) ; 3,412, 900 shares of Citigroup Inc. (NYSE:C), 2 million shares of JP Morgan Chase; and 8,070,000 shares of Morgan Stanley (NYSE:MS).  A put option is placed on 233,300 shares of Nuance Communications Inc. (NASDAQ:NUAN).

During the previous quarter, Lansdowne was one of the hedge funds that invested in the airlines sector. The firm bought more than 19.5 million shares of Delta Air Lines, Inc. (NYSE:DAL), worth $193,722. Delta Air Lines, Inc. (NYSE:DAL) reported a 6 percent increase in second quarter revenue this year. For the month of August, ten analysts gave the Delta stock a buy rating.

Lansdowne Partners was co-founded by Paul Ruddock, chief executive officer, and Steven Heinz, chief financial officer in 1998.


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