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….
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…….
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%