Hedge Fund Valiant Capital’s Latest Stock Position Changes

Valiant Capital Management is a smaller hedge fund with a very concentrated portfolio of only 19 stocks, per its most recent 13F filing.  Following is information on some of its positions for the quarter ended September 30th, 2011:

  • Apple Inc. (NASDAQ:AAPL): On 6/30/11 Valiant Capital Management reported holding 314,905 shares with a market value of $105,704,166. This comprised 14.74% of the total portfolio. On 9/30/11, Valiant Capital Management held 314,905 shares with a market value of $120,079,577. This comprised 15.41% of the total portfolio. The net change in shares for this position over the two quarters is 0,000. About the company: Apple Inc. designs, manufactures, and markets personal computers and related personal computing and mobile communication devices along with a variety of related software, services, peripherals, and networking solutions. The Company sells its products worldwide through its online stores, its retail stores, its direct sales force, third-party wholesalers, and resellers.
  • Adobe Systems Inc. (NASDAQ:ADBE): On 6/30/11 Valiant Capital Management reported holding 945,202 shares with a market value of $29,726,604. This comprised 4.15% of the total portfolio. On 9/30/11, Valiant Capital Management held 894,367 shares with a market value of $21,616,850. This comprised 2.77% of the total portfolio. The net change in shares for this position over the two quarters is -50,835. About the company: Adobe Systems Incorporated develops, markets, and supports computer software products and technologies. The Company’s products allow users to express and use information across all print and electronic media. Adobe offers a line of application software products, type products, and content for creating, distributing, and managing information.
  • Baidu, Inc. (NASDAQ:BIDU): On 6/30/11 Valiant Capital Management reported holding 267,088 shares with a market value of $37,427,043. This comprised 5.22% of the total portfolio. On 9/30/11, Valiant Capital Management held 366,048 shares with a market value of $39,134,193. This comprised 5.02% of the total portfolio. The net change in shares for this position over the two quarters is 98,960. About the company: Baidu, Inc. operates an Internet search engine. The Company offers algorithmic search, enterprise search, pay for performance and news, MP3, and image searches.
  • Broadcom Corp. (NASDAQ:BRCM): On 6/30/11 Valiant Capital Management reported holding 1,490,036 shares with a market value of $50,124,810. This comprised 6.99% of the total portfolio. On 9/30/11, Valiant Capital Management held 1,490,036 shares with a market value of $49,603,300. This comprised 6.37% of the total portfolio. The net change in shares for this position over the two quarters is 0,000. About the company: Broadcom Corporation provides integrated silicon solutions that enable broadband digital data transmission of voice, data, and video content to the home and within the business enterprise. The Company designs, develops, and supplies integrated circuits for cable set-top boxes, cable modems, high-speed networking, direct satellite and digital broadcast, and digital subscriber line.
  • Citrix Systems, Inc. (NASDAQ:CTXS): On 6/30/11 Valiant Capital Management reported holding 477,117 shares with a market value of $38,169,360. This comprised 5.32% of the total portfolio. On 9/30/11, Valiant Capital Management held 541,529 shares with a market value of $29,529,576. This comprised 3.79% of the total portfolio. The net change in shares for this position over the two quarters is 64,412. About the company: Citrix Systems, Inc. designs, develops, and markets technology solutions that allow applications to be delivered, supported, and shared on-demand. The Company develops and markets comprehensive solutions across all dimensions of application, server and desktop virtualization as well as application and network optimization.
  • Dineequity, Inc. (NYSE:DIN): On 6/30/11 Valiant Capital Management reported holding 404,828 shares with a market value of $21,160,360. This comprised 2.95% of the total portfolio. On 9/30/11, Valiant Capital Management held 404,828 shares with a market value of $15,581,830. This comprised 2.00% of the total portfolio. The net change in shares for this position over the two quarters is 0,000. About the company: DineEquity, Inc. and its subsidiaries develop, operate, and franchise family restaurants. The Company’s restaurants feature pancakes, omelets, and other breakfast specialties, as well as lunch and dinner items. The restaurants are primarily operated by franchisees in the United States, Canada, and Japan.
  • Directv (NASDAQ:DTV): On 6/30/11 Valiant Capital Management reported holding 642,506 shares with a market value of $32,652,155. This comprised 4.55% of the total portfolio. On 9/30/11, Valiant Capital Management held 581,008 shares with a market value of $24,559,208. This comprised 3.15% of the total portfolio. The net change in shares for this position over the two quarters is -61,498. About the company: DIRECTV provides digital television entertainment in the United States and Latin America. The Company acquires, promotes, sells and distributes digital entertainment programming via satellite to residential and commercial subscribers.
  • Fomento Econ (NYSE:FMX): On 6/30/11 Valiant Capital Management reported holding 587,744 shares with a market value of $39,079,097. This comprised 5.45% of the total portfolio. On 9/30/11, Valiant Capital Management held 683,643 shares with a market value of $44,313,739. This comprised 5.69% of the total portfolio. The net change in shares for this position over the two quarters is 95,899. About the company: Fomento Economico Mexicano, S.A.B. de C.V. (FEMSA) is an integrated beverage company. The Company through its subsidiaries produces, distributes and markets large-scale soft drinks, beer and convenience stores throughout Latin America, the United States and Mexico.
  • Google Inc. (NASDAQ:GOOG): On 6/30/11 Valiant Capital Management reported holding 87,695 shares with a market value of $44,406,995. This comprised 6.19% of the total portfolio. On 9/30/11, Valiant Capital Management held 143,298 shares with a market value of $73,804,199. This comprised 9.47% of the total portfolio. The net change in shares for this position over the two quarters is 55,603. About the company: Google Inc. is a global technology company that provides a web based search engine through its website. The Company offers a wide range of search options, including web, image, groups, directory, and news searches.
  • Health Net Inc. (NYSE:HNT): On 6/30/11 Valiant Capital Management reported holding 1,739,814 shares with a market value of $55,830,632. This comprised 7.79% of the total portfolio. On 9/30/11, Valiant Capital Management held 1,553,405 shares with a market value of $36,831,231. This comprised 4.73% of the total portfolio. The net change in shares for this position over the two quarters is -186,409. About the company: Health Net Inc. offers managed health care benefits and products. The Company provides group, individual, Medicare risk, Medicaid, and TRICARE programs. Health Net also offers managed health care products related to behavioral health, dental, vision, and prescription drugs, as well as offers managed health care product coordination and administrative services.

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

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