Next in line is another tech stock, Facebook Inc (NASDAQ:FB), which maintained its ranking, but witnessed a slight increase in popularity, as the number of funds that own its shares went up to 133 from 129 during the second quarter. Moreover, amid just a 4% growth of the stock during this period, the aggregate value of investors’ positions surged to $8.86 billion from $7.09 billion. However, despite this jump, investors that we track hold only 3.7% of the company’s shares. Nevertheless, Facebook Inc (NASDAQ:FB)’s most recent financial results showed better-than-expected figures for most metrics, including the number of monthly active users (MAUs) and the number of mobile MAUs. In an environment where the online world is transitioning to mobile, Facebook has transitioned very well, with around 75% of its ad revenue coming from mobile now. Similar to the previous quarter, Lone Pine Capital remained the top shareholder of Facebook Inc (NASDAQ:FB) among the funds we follow and increased its stake by another 1.65 million shares over the quarter to 9.76 million shares. In addition, Ken Griffin’s Citadel Investment Group also boosted its holding by 3.23 million shares during the quarter to 5.07 million shares, while David E. Shaw’s D.E. Shaw sold 4.39 million shares, having disclosed ownership of 1.29 million shares in its latest 13F.
The financial sector is also present in the top five through Citigroup Inc (NYSE:C), in which 126 funds held $11.82 billion worth of stock, flat over the quarter. Among the major banks, Citigroup Inc (NYSE:C) is a good stock to hold, but investors probably still expect to see where it is headed as it plans to unload some of its unprofitable assets. The bank is currently trying to wind-down Citi Holdings, in which Citigroup has grouped its less profitable segments, such as retail brokerage, its life insurance unit, and toxic subprime loans. Nevertheless, most analysts have a bullish outlook on the stock, and the banking giant managed to score the cleanest results in the recent Fed stress test, which allowed it to increase dividends and buy back stock. In our database, Harris Associates and Boykin Curry‘s Eagle Capital Management are among the largest shareholders of Citigroup Inc (NYSE:C), owning 25.08 million shares and 24.37 million shares as of the end of June, respectively.
Finally, on the fifth spot is Delta Air Lines, Inc. (NYSE:DAL), which, in this way, is the most popular airline stock among hedge funds. At the end of June, 114 funds held $6.99 billion worth of stock, representing a 20% share of the company. However, Delta lost some popularity, since as of the end of the previous quarter, 116 investors disclosed stakes worth $7.15 billion. Meanwhile, Delta Air Lines, Inc. (NYSE:DAL)’s stock has depreciated by 3% year-to-date, though it managed to outperform the airline industry, which has lost 7% during the same period. The company’s recently taken a 3.55% stake in China Eastern Airlines, which is another good piece of news for investors, as the company is increasing its exposure to the Asian markets. Moreover, the investors that held the largest stakes in Delta Air Lines, Inc. (NYSE:DAL) at the end of March opted to increase their stakes during the second quarter amid an 8% decline of the stock. In this way, Lansdowne Partners, Iridian Asset Management, and PAR Capital Management added approximately 1.78 million shares, 2.27 million shares, and 1.11 million shares to their positions respectively, lifting their holdings to 26.55 million shares, 13.07 million shares, and 12.37 million shares as of the end of June, respectively.
Disclosure: None
