Netflix, Inc. (NFLX), Adobe Systems Incorporated (ADBE), Palo Alto Networks Inc (PANW): Top 3 New Stocks of Partner Fund Management

Christopher Medlock James manages Partner Fund Management with current portfolio exceeding $5 billion and 0.91% portfolio change in the last quarter, as per its latest SEC 13F filing. Partner Fund Management has its primary investments in Service and Healthcare industry. Netflix, Inc. (NASDAQ:NFLX), Adobe Systems Incorporated (NASDAQ:ADBE), Palo Alto Networks Inc (NYSE:PANW) are the top three latest editions to its portfolio. (Entire list of Partner Fund Management 13F portfolio can be found here).

Partner Fund Management owns 406,358 shares of Netflix, Inc. (NASDAQ:NFLX) worth $179 million and it stands for 3.58% of hedge fund’s total investments. Netflix, Inc. (NASDAQ:NFLX) announced revenue of $1.34 billion for the second quarter 2014 with EPS of $1.15. Coatue Management has investments worth $918 million in Netflix, Inc. (NASDAQ:NFLX) followed by Icahn Capital LP ($777 million) and Viking Global ($580 million).

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Adobe Systems Incorporated (NASDAQ:ADBE) is the second largest investment of Partner Fund management with 1,673,246 shares and investments worth $121 million. Adobe Systems Incorporated (NASDAQ:ADBE) reported net revenue of $1.005 billion for the third quarter 2014 with diluted GAAP earnings per share of 9 cents. Valueact Capital has the largest stake in Adobe Systems Incorporated (NASDAQ:ADBE) with investments worth $1.77 billion followed by Lone Pine Capital ($860 million) and Coatue Management ($381 million).

Palo Alto Networks Inc (NYSE:PANW) comes at number three in Partner Fund Management’s new stocks with investments worth $112 million and 1,346,040 shares. Palo Alto Networks Inc (NYSE:PANW) reported fiscal fourth quarter 2014 revenue of $178.2 million and GAAP net loss of 41 cents per share. Criterion Capital is the largest investor in Palo Alto Networks Inc (NYSE:PANW) with investments worth $399 million followed by Maverick Capital ($172 million) and Partner Fund Management.

This article has been written By Prakash Pandey and edited by Serkan Unal.

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