Bloomberg outlines the entire process of his decision to call it quits. We wanted to outline his top holdings in the fund. Akamai Technologies Inc. (NASDAQ: AKAM), Apple Inc. (NASDAQ: AAPL), Cisco Systems, Inc. (NASDAQ: CSCO), Citigroup Inc. (NYSE: C), EOG Resources Inc. (NYSE: EOG), JP Morgan Chase & Co. (NYSEL JPM), McDonald’s Corp. (NYSE: MCD), Mylan Inc. (NASDAQ: MYL), Newfield Exploration Co. (NYSE: NFX), and Wells Fargo & Co. (NYSE: WFC) are his ten top holdings. While most are not going to add significant pressure due to the vast trading volume, there were a few standouts here.
| Company Stock | $(000) June 30 | Shares |
|---|---|---|
| Akamai Technologies Inc. | 64,912 | 1.6M |
| Apple Inc. | 378,462 | 1504640 |
| Cisco Systems, Inc. | 91,740 | 430500 |
| Citigroup Inc. | 12,566 | 3341900 |
| Citigroup (Units) | 57,625 | 510000 |
| EOG Resources Inc. | 90,825 | 923300 |
| JP Morgan Chase & Co | 109,830 | 3.0M |
| McDonald’s Corp | 128,150 | 1945500 |
| Mylan Inc. (Conv. Pfd.) | 80,918 | 76742 |
| Newfield Exploration Co | 55,686 | 1139700 |
| Wells Fargo & Co | 314,880 | 12.3M |
| Wells Fargo Conv. Pfd. | 9,692 | 10410 |
| Total Dollars on June 30 | 1,395,286 |
Most of these will easily be able to absorb the selling, and most may have already been sold. Stanley is known for wheeling and dealing fast in and fast out when he spots a trend.
Becoming a billionaire and hanging up the hat to start a family office at age 57 isn’t so bad. It isn’t as though he has to wait for his social security checks later this decade.
JON C. OGG
Top Gaining Stocks
Top Losing Stocks