Chris Hansen’s Valiant Capital’s Is Betting On These Stocks

Hansen’s L Brands Inc (NYSE:LB) position didn’t change during the fourth quarter but the stock is now the second biggest position in his portfolio because of its 30% gain during the quarter. It was also the best performing stock in Hansen’s portfolio. After a brief dip in January from its record highs, the stock has gone back to the same upward trajectory that has seen it jump over 100% in value throughout the past two years, with a particularly strong rise of nearly 50% over the past six months alone.

Despite the record highs, short interest in L Brands Inc (NYSE:LB) had dropped 14.8% between the middle of January and the end of the month, as few seem willing to challenge its upward momentum. Telsey Advisory Group raised their price target on L Brands to $104 from $97 on February 10, showing a potential upside of 10% in the stock still. One has to wonder however if Hansen will soon sell off some of his position and take large profits from the investment he initiated in the middle of 2013.

Facebook Inc (NASDAQ:FB) is the third largest position in Hansen’s portfolio. Hansen boosted his stake in Facebook Inc by nearly 15% during the quarter, adding just under 125,000 shares. Facebook lost 1.3% during the last 3 months of 2014, but has made large strides since Hansen first took a position in it. However, despite being his third largest position today, Hansen sold off much of his holding in Facebook long before its value maximized, partly contributing to those poor returns in 2013, as more than 2.0 million shares were dumped before the stock really began to take off in the second half of the year.

Facebook Inc (NASDAQ:FB) shares have mostly stalled over the past six months, up 3.84% during that time, as the company continues to shield the advertising potential of some of their other popular services like WhatsApp and Instagram, by refusing to put much or any ads on them until they’ve reached one billion users. While WhatsApp is getting close, Instagram is still a ways away on that front, with 300 million. Despite their dip of 2.26% this year, their most recent earnings report beat analyst estimates and showed solid growth in mobile and video ad spending, though operating costs also notably rose.