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Vinik Asset Management Company

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BUSINESS
June 2, 1999 | Bloomberg News
Jeffrey Vinik, former manager of Fidelity Investments' flagship Magellan Fund, cut his U.S. stock holdings by about $3 billion, or 79%, during the first quarter, regulatory filings show. Vinik's fund, the $2.5-billion Vinik Asset Management, had $817 million in 62 U.S. stocks at the end of March, compared with $3.8 billion in more than 150 domestic equities at the end of 1998, according to Securities and Exchange Commission papers. Vinik sold his stakes in Intel Corp., Microsoft Corp.
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BUSINESS
June 2, 1999 | Bloomberg News
Jeffrey Vinik, former manager of Fidelity Investments' flagship Magellan Fund, cut his U.S. stock holdings by about $3 billion, or 79%, during the first quarter, regulatory filings show. Vinik's fund, the $2.5-billion Vinik Asset Management, had $817 million in 62 U.S. stocks at the end of March, compared with $3.8 billion in more than 150 domestic equities at the end of 1998, according to Securities and Exchange Commission papers. Vinik sold his stakes in Intel Corp., Microsoft Corp.
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BUSINESS
October 24, 1997 | Bloomberg News
Jeffrey Vinik, the former manager of Fidelity Investments' flagship Magellan Fund, posted 93.8% returns after fees in the first 11 months he's managed money on his own, said a person familiar with Vinik's performance. Vinik Asset Management, which he started in Boston on Nov. 1, 1996, invests in U.S. stocks on behalf of institutions and wealthy individuals who commit a minimum of $2 million to his hedge fund. The returns through Sept.
BUSINESS
February 24, 1999
Jeffrey Vinik, a former manager of Fidelity Investments' flagship Magellan Fund who now runs a hedge fund, added several new technology holdings to his portfolio in the fourth quarter, according to government filings. Boston-based Vinik Asset Management LP bought 2.3 million shares of Compaq Computer Corp., making it the fund's seventh-largest holding. Vinik also bought Electronics for Imaging Inc., Rational Software Corp. and Flextronics International Ltd.
BUSINESS
February 24, 1999
Jeffrey Vinik, a former manager of Fidelity Investments' flagship Magellan Fund who now runs a hedge fund, added several new technology holdings to his portfolio in the fourth quarter, according to government filings. Boston-based Vinik Asset Management LP bought 2.3 million shares of Compaq Computer Corp., making it the fund's seventh-largest holding. Vinik also bought Electronics for Imaging Inc., Rational Software Corp. and Flextronics International Ltd.
BUSINESS
October 24, 1997 | Bloomberg News
Jeffrey Vinik, the former manager of Fidelity Investments' flagship Magellan Fund, posted 93.8% returns after fees in the first 11 months he's managed money on his own, said a person familiar with Vinik's performance. Vinik Asset Management, which he started in Boston on Nov. 1, 1996, invests in U.S. stocks on behalf of institutions and wealthy individuals who commit a minimum of $2 million to his hedge fund. The returns through Sept.
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