Wall St. Watchdog reveals information regarding Third Point’s top holdings in the Technology sector for the quarter ending September 30th, 2011. The firm held 3 stocks in the Technology sector at the end of the quarter with an aggregate market value of $688.69 million.
- Yahoo! Inc. (NASDAQ:YHOO): On 06/30/2011 reported holding 0 shares. On 09/30/2011 reported holding 48,000,000 shares with a market value of $632,160,004. This comprised 30.45% of the total portfolio. The net change in shares for this position over the two quarters is 48,000,000. 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.
- Sandisk Corp. (NASDAQ:SNDK): On 06/30/2011 reported holding 725,000 shares with a market value of $30,087,500. This comprised 1.14% of the total portfolio. On 09/30/2011 reported holding 1,400,000 shares with a market value of $56,504,001. This comprised 2.72% of the total portfolio. The net change in shares for this position over the two quarters is 675,000. About Company: SanDisk Corporation supplies flash data storage products. The Company designs, manufactures, and markets industry-standard, solid-state data, digital imaging, and audio storage products using its patented, high-density flash memory and controller technology. Competitors to Watch: Western Digital Corp. (NYSE:WDC), STEC, Inc. (NASDAQ:STEC), OCZ Technology Group Inc. (NASDAQ:OCZ), Micron Technology, Inc. (NASDAQ:MU), EMC Corporation (NYSE:EMC), Seagate Technology PLC (NASDAQ:STX), Imation Corp. (NYSE:IMN), Quantum Corporation (NYSE:QTM), Hutchinson Technology Inc. (NASDAQ:HTCH), and Apple Inc. (NASDAQ:AAPL).
(Note: Data regarding Third Point’s stock holdings are sourced from whalewisdom.com. All data are assumed to be accurate.)
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