Alkeon Capital Bearish on These 5 Stocks for Q3 2011

Wall St. Watchdog reveals information regarding significant reduction in shares for Alkeon Capital Management’s holdings on the quarter ending September 30th, 2011. The firm is bearish on these stocks:

  • Axt Inc (NASDAQ:AXTI): On 06/30/2011, Alkeon Capital Management reported holding 1,210,700 shares. On 09/30/2011, Alkeon Capital Management reported holding 321,706 shares. The net reduction in shares for this position is 888,994 or 73.43%. About Company: AXT, Inc. uses a proprietary crystal growth technique to produce semiconductor substrates for a variety of electronic and optoelectronic applications. The Company’s products are used in wireless and fiber optic telecommunications, lasers, LEDs, satellite solar cells, and consumer electronics.
  • Taomee Holdings Ltd. American Depositary Shares (each Representing 20 Ordinary Shares) (TAOM): On 06/30/2011, Alkeon Capital Management reported holding 550,000 shares. On 09/30/2011, Alkeon Capital Management reported holding 163,000 shares. The net reduction in shares for this position is 387,000 or 70.36%.
  • Dollar Tree Stores Inc. (NASDAQ:DLTR): On 06/30/2011, Alkeon Capital Management reported holding 1,025,620 shares. On 09/30/2011, Alkeon Capital Management reported holding 526,309 shares. The net reduction in shares for this position is 499,311 or 48.68%. About Company: Dollar Tree, Inc. operates a discount variety store chain. The Company sells an assortment of everyday general merchandise. Dollar Tree sells its merchandise at the $1.00 price point. The Company operates throughout the United States.
  • Omnivision Technologies Inc. (NASDAQ:OVTI): On 06/30/2011, Alkeon Capital Management reported holding 2,172,084 shares. On 09/30/2011, Alkeon Capital Management reported holding 1,239,925 shares. The net reduction in shares for this position is 932,159 or 42.92%. About Company: OmniVision Technologies, Inc. provides integrated single chip semiconductor imaging devices. The Company designs, develops, and markets semiconductor imaging devices for computing, communications, and consumer electronics applications. OmniVision’s image sensor product is used in cameras and camera related products such as personal computer, digital, and security cameras.
  • Demandtec Inc. (NASDAQ:DMAN): On 06/30/2011, Alkeon Capital Management reported holding 1,448,500 shares. On 09/30/2011, Alkeon Capital Management reported holding 1,148,500 shares. The net reduction in shares for this position is 300,000 or 20.71%. About Company: DemandTec, Inc. provides consumer demand management (CDM) software. The Company’s software captures and analyzes recent retailer and market-level data to provide a scientific understanding of consumer behavior.

(Note: Data regarding Alkeon Capital Management’s stock holdings are sourced from whalewisdom.com. All data are assumed to be accurate.)

Advantage: Check out our interactive stock charts, fundamentals, Twitter stream, and more >>

Improve Your 2011 Financial Health: Join the winning team of stock pickers with Wall St. Cheat Sheet’s acclaimed premium newsletter>>

More from The Cheat Sheet