Check The News On GOOG

From yesterday. It popped Friday, up more than three bucks, on news that Fidelity owns more than 15% of the public float of the company. Here, Bloomberg says in fact it's more like 23%. That's significant institutional mojo. Hmmmm…….

From yesterday. It popped Friday, up more than three bucks, on news that Fidelity owns more than 15% of the public float of the company. Here, Bloomberg says in fact it’s more like 23%. That’s significant institutional mojo. Hmmmm….

Author: John Battelle

A founder of NewCo (current CEO), sovrn (Chair), Federated Media, Web 2 Summit, The Industry Standard, Wired. Author, investor, board member (Acxiom, Sovrn, NewCo), bike rider, yoga practitioner.

One thought on “Check The News On GOOG”

  1. John what’s interesting from the actual fund stats below, is that IT & Healthcare contribute for over 60% of this 21.7bn fund – especially whne you take into consideration who Google recently appointed on the board:

    Arthur D. Levinson has served as a member of our board of directors since April 2004. Since 1995, Art has served as a member of the board of directors of Genentech, a biotechnology company

    Fund stats

    Holdings
    Top Ten Holdings as of 06/30/2004
    PFIZER INC
    MICROSOFT CORP
    NETWORK APPLIANCE INC
    QUALCOMM INC
    YAHOO INC
    UNITEDHEALTH GROUP INC
    CELGENE CORP
    SEPRACOR INC
    GENERAL ELECTRIC CO
    RED HAT INC
    22.80% of the portfolio
    Total Holdings 250

    Major Market Sectors as of 07/31/2004

    Consumer Discretionary 8.8%
    Consumer Staples 9.7%
    Energy 3.8%
    Financials 4.7%
    Health Care 28.5%
    Industrials 9.5%
    Information Technology 33.0%
    Materials 0.0%
    Telecommunication Services 0.0%
    Utilities 0.0%

Leave a Reply