Hedge Fund’s $724 Million Tech Stock Investments: AAPL, VRSN, AMT, STX, YHOO, SOHU

Wall St. Watchdog reveals information regarding Owl Creek Asset Management’s top holdings in the Technology sector for the quarter ending September 30th, 2011. The firm held 6 stocks in the Technology sector at the end of the quarter with an aggregate market value of $724.038 million.

  • Apple Inc. (NASDAQ:AAPL): On 06/30/2011, Owl Creek Asset Management reported holding 1,063,442 shares with a market value of $356,965,590. This comprised 8.61% of the total portfolio. On 09/30/2011, Owl Creek Asset Management reported holding 609,764 shares with a market value of $232,515,213. This comprised 9.44% of the total portfolio. The net change in shares for this position over the two quarters is -453,678. About 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.
  • Verisign Inc. (NASDAQ:VRSN): On 06/30/2011, Owl Creek Asset Management reported holding 4,497,204 shares with a market value of $150,476,442. This comprised 3.63% of the total portfolio. On 09/30/2011, Owl Creek Asset Management reported holding 6,329,613 shares with a market value of $181,090,232. This comprised 7.35% of the total portfolio. The net change in shares for this position over the two quarters is 1,832,409. About Company: VeriSign, Inc. provides Internet infrastructure services needed by websites, enterprises,electronic commerce providers, and individuals to conduct electronic commerce and communications over Internet protocol networks. The Company also provides Internet domain registration services for all all .com, .net, .cc, .tv, .name and .jobs domain namesand.
  • American Tower Corp. (NYSE:AMT): On 06/30/2011, Owl Creek Asset Management reported holding 4,728,270 shares with a market value of $247,430,378. This comprised 5.97% of the total portfolio. On 09/30/2011, Owl Creek Asset Management reported holding 2,803,632 shares with a market value of $150,835,399. This comprised 6.12% of the total portfolio. The net change in shares for this position over the two quarters is -1,924,638. About Company: American Tower Corporation owns, operates, and develops wireless communications and broadcast towers in the United States. The Company leases antennae sites on multi-tenant towers for a diverse range of wireless communications industries, including personal communications services, paging, and cellular. American Tower also offers a variety of network development services.
  • Seagate Technology Plc (NASDAQ:STX): On 06/30/2011, Owl Creek Asset Management reported holding 0 shares. On 09/30/2011, Owl Creek Asset Management reported holding 9,596,300 shares with a market value of $98,649,961. This comprised 4% of the total portfolio. The net change in shares for this position over the two quarters is 9,596,300. About Company: Seagate Technology PLC designs, manufactures, and markets rigid disc drives for enterprise, personal computer, and consumer electronics applications.
  • Yahoo! Inc. (NASDAQ:YHOO): On 06/30/2011, Owl Creek Asset Management reported holding 6,470,676 shares with a market value of $97,318,967. This comprised 2.35% of the total portfolio. On 09/30/2011, Owl Creek Asset Management reported holding 4,356,900 shares with a market value of $57,380,373. This comprised 2.33% of the total portfolio. The net change in shares for this position over the two quarters is -2,113,776. About Company: Yahoo! Inc. is a global Internet media company that offers an online guide to Web navigation, aggregated information content, communication services, and commerce. The Company’s site includes a hierarchical, subject-based directory of Web sites, which enables users to locate and access information and services through hypertext links included in the directory.
  • Sohu.com Inc. (NASDAQ:SOHU): On 06/30/2011, Owl Creek Asset Management reported holding 0 shares. On 09/30/2011, Owl Creek Asset Management reported holding 74,000 shares with a market value of $3,566,800. This comprised 0.14% of the total portfolio. The net change in shares for this position over the two quarters is 74,000. About Company: Sohu.com Inc. operates an Internet portal in China. The Company’s Web site consists of Chinese language Web navigational and search capabilities, Web-based communications services, and a platform for e-commerce services.

(Note: Data regarding Owl Creek Asset 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>>