Okumus Fund Management, led by Ahmet Okumus, has reported adding Lifelock Inc (NYSE:LOCK) to its equity portfolio. Mr. Okumus’ fund now owns a total of more than 8.01 million shares of the $1.03 billion market cap company. The passive stake amasses 8.7% of Lifelock Inc (NYSE:LOCK)’s common stock.
Okumus Fund Management’s equity portfolio is actually concentrated around the Technology sector, which comprises over 90% of the $229.23 million equity portfolio, the largest holding being represented by AVG Technologies NV (NYSE:AVG), of which the fund owns 7.15 million shares, worth $149.9 million.
Lifelock Inc (NYSE:LOCK) is engaged in identity theft protection services. Among the shareholders of the company is Crosslink Capital, led by Seymour Sy Kaufman and Michael Stark, which owns 1.25 million shares, and billionaire Steven Cohen, who boosted his stake in tLifelock Inc (NYSE:LOCK) to 1.19 million shares held as of the end of March, from just around 10,000 shares held previously.