Robert DeFrancesco’s

TechStockProspector.com
November 10, 2010

Check Point Software Investors Score Big

Shares of Check Point Software (CHKP, $43.89) hit a new 52-week high today at
$44.02. The stock is now up 48% since the end of June.

Several money managers who added Check Point shares in Q2 have seen nice gains
on their holdings. Ameriprise Financial (J&W Seligman), which is the #2 investor
with 12.98 million shares, bought 1.49 million shares in the June quarter. The
money manager’s position is worth more than $560 million.

Wellington Management (#6 holder) picked up 1.83 million shares and now owns
6.25 million shares.

Some tech-savvy investment shops are also among the Check Point winners,
including Brookside Capital ($7.6 billion in long equity assets/30% tech weighting),
which counts the stock among its 15 largest holdings. Brookside added 889,726
shares in Q2 and now owns 5.12 million shares.

Rainier Investment Management ($18.3 billion in long equity assets/24.6% tech

weighting) is the #8 holder of Symantec (4.86 million shares) and includes the stock
among its 20 largest positions.

Farallon Capital Management ($2.2 billion in long equity assets/16.9% tech

weighting) more than tripled its Symantec position in Q2, purchasing 1.88 million
shares. The money manager (#11 Symantec holder) owns 2.79 million shares and
lists Check Point among its five largest positions.

Renaissance Technologies ($26.9 billion in long equity assets/20% tech weighting)

bumped up its position by 123% to 2.72 million shares.

Valinor Management ($1.6 billion in long equity assets/27% tech weighting) bought
292,740 shares and now owns 1.66 million shares. Check Point is its #3 holding.

A smaller firm, Spears Abacus Advisors ($545 million in long equity assets/21.8%
tech weighting), opened a position of 570,440 shares and now counts Check Point
among its five largest holdings.
Tech-Stock Prospector subscribers were alerted to Check Point in May 2009 when
the stock was trading around $22. For more on Check Point, see my TechStock
Radar blog posting (October 21, 2010) at TechStockProspector.com

Rob DeFrancesco is a former senior writer with Louis Rukeyser’s Wall Street.

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