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Hawkins Capital Selling Off Its Top Tech Stocks

Hawkins Capital, headed by Russell Hawkins, recently filed its 13F form with the Securities and Exchange Commission for the reporting period of June 30. Hawkins set up his own fund back in 2003, after previously holding down a position managing Dreyfus’ mutual funds, where he oversaw some $8 billion in assets. These days, his investment firm controls around $1 billion in assets and mostly employs a long/short approach to investing. The total market value of Hawkins’ portfolio as of the reporting date was $285.25 million, a decrease of 33% from the end of March. Among the positions that contributed to the decline in the fund’s portfolio value were many of its top tech picks, including Intel Corporation (NASDAQ:INTC), Cisco Systems Inc (NASDAQ:CSCO) and EMC Corporation (NYSE:EMC), all of which were slashed during the second quarter. In this article we are going to take a closer look at how these companies performed over the past few months and consider how other money managers are trading them.

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Professional investors like Hawkins spend considerable time and money conducting due diligence on each company they invest in, which makes them the perfect investors to emulate. However, we also know that the returns of hedge funds on the whole have not been good for several years, underperforming the market. We analyzed the historical stock picks of these investors and our research revealed that the small-cap picks of these funds performed far better than their large-cap picks, which is where most of their money is invested and why their performances as a whole have been poor. Why...


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