As of Q4 2021, Breakline Capital’s 13F portfolio was worth $74.15 million, down from $121.80 million the previous quarter. The hedge fund employs a long/short equity strategy, with an emphasis on technology, finance, and consumer discretionary stocks. Applied Materials, Inc. is owned by Breakline Capital. In the fourth quarter of 2021, the hedge fund reduced its holdings in the company by 83 percent. It still owns 12,343 shares worth $1.94 million in the company.
Insider Monkey highlighted the list of 10 technology stocks to buy according to Kevin Mccarthy’s Breakline Capital. On March 22, QUALCOMM Incorporated announced the creation of a new fund that will invest up to $100 million in companies focused on core technologies, augmented reality, and data that will enable the metaverse. The investment value is now $2.94 million, with 16,058 shares.Breakline Capital increased its stake in Palo Alto Networks, Inc. to 5,686 shares, up 42 percent. Truist analyst Joel Fishbein raised his price objective on the stock from $600 to $675 and maintained his Buy rating. Jabil Inc. reported $1.68 earnings per share on March 16, beating forecasts by $0.21. The quarterly sales of $7.55 billion was up 10.61 percent over the previous quarter. Micron Technology, Inc. was added to Breakline Capital’s portfolio in the fourth quarter with the purchase of 38,850 shares. Dynamic random-access memory, flash memory, and USB flash drives are among the company’s offerings. Micron Technologies was owned by 83 hedge funds in Insider Monkey’s database at the end of 2014. During the fourth quarter of 2021, Breakline Capital owned 19,411 salesforce.com, inc. shares. This equated to a $4.93 million investment, or 6.65% of its total portfolio. CRM was held by 110 hedge funds in Insider Monkey’s database at the end of the period. For more details, click 10 Technology Stocks To Buy According To Kevin Mccarthy’s Breakline Capital.
