Henderson Group Buys HR, IT and AIV, And Sells LNKD, TIBX and OC

Henderson Group Buys HR, IT and AIV, And Sells LNKD, TIBX and OC
Henderson Group Plc, is a U.K based hedge fund with around $9 billion in stated assets, and manages nearly 400 stocks in its portfolio that spreads across 11 different sectors. The company closed 41 positions during the second quarter, in the process opening 36 new positions. Additionally, the company added more shares in 198 stocks in existing stakes, and also reduced stakes in 148 stocks in its initial portfolio. Its top ten holdings that include the likes of Apple Inc. (NASDAQ:AAPL) and Google Inc. (NASDAQ:GOOG), represent more than a quarter of its overall portfolio.

Apple Inc. is the stock that carries a huge chunk of Henderson Group PLC’s funds, with approximately, 7.76% of the portfolio, followed, albeit, not closely, by Google Inc., which represents 3.15%. Microsoft Corporation (NASDAQ:MSFT) is closely positioned in the third spot, with a value estimated to represent about 2.63% in Henderson Group’s  portfolio. Oracle Corporation (NASDAQ:ORCL) is fourth, and occupies 2.46% of the overall portfolio, while China’s search engine giant, Baidu Inc. (NASDAQ:BIDU) caps the top five with 1.92%.

A second look at that tells us that Henderson Group’s investments are concentrated on the I.T related sectors, as compared to a majority of U.S hedge funds, of which the majority falls under the financials. Nonetheless, the company’s sectoral representation is well diversified, with funds invested in the Financial sector, Health, Consumer Goods, ETFs, Conglomerates, Basic Materials, Utilities, Technology, and Industrial Goods, among others.

The company’s top five buys during the second quarter of 2012, ended June 30th, included Open Table, Inc. (NASDAQ:OPEN), with the newly added stock representing 0.25% change in the company’s portfolio. Additionally, the company bought shares in Healthcare Reality Trust Inc. (NASDAQ:HR), consequently, impacting a 0.17% change in the company’s assets.

Other newly introduced counters during the quarter include Gartner Inc. (NYSE:IT), whose stake represents 0.15% of the total assets under management (AUM), while the shares acquired in Express Scripts Inc. (NASDAQ:ESRX), are an equivalent of 0.13% of AUM. The other new buy that caps Henderson Group’s top five buys in terms of amount invested is Apartment Investment & Management Co. (NYSE:AIV), after the company acquired a stake valued at 0.12% of its overall portfolio.

Just as there were new acquisitions, exits did take place as well. The company cleared stakes in the following counters, along with the percentage vale of the initial portfolio sold out. The professional networking giant, LinkedIn Corporation (NYSE:LNKD), was the most notable clear out, after the company sold all its stake or 0.36% of its initial portfolio. Additionally, the company offloaded Tibco Software Inc. (NASDAQ:TIBX), shares that represented 0.28% of the initial portfolio.

Owens Corning (NYSE:OC) was yet another clear out sale, which was equivalent to 0.26% of the initial portfolio, while the sale of SK Telecom Co. Ltd (NYSE:SKT) represented 0.17% of the initial value of the fund. The fifth most notable exit was American Tower Corp. (NYSE:AMT), which brought about 0.17% change in the overall portfolio.

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