What have hedge funds been doing with Comcast Corporation (NASDAQ:CMCSA), Facebook Inc (NASDAQ:FB) and Twenty-First Century Fox Inc (NASDAQ:FOXA)?
By March 31, a total of 91 of the hedge funds tracked by Insider Monkey held long positions in Comcast, a decline of 3% from one quarter earlier. Lansdowne Partners, managed by Alex Snow, holds the largest position in Comcast Corporation (NASDAQ:CMCSA). Lansdowne Partners has a $1.23 billion position in the stock comprised of 21.71 million shares, making up 11% of its 13F portfolio. The second-largest stake is held by Fisher Asset Management, managed by Ken Fisher, which held a $683.8 million position of 12.11 million shares; the fund had 1.4% of its 13F portfolio invested in the stock. Remaining members of the smart money that hold long positions encompass Daniel S. Och’s OZ Management, Doug Silverman and Alexander Klabin’s Senator Investment Group, and Joshua Friedman and Mitchell Julis’ Canyon Capital Advisors.
Also at the end of the first quarter, a total of 129 of the hedge funds tracked by Insider Monkey were bullish on Facebook, an increase of 9% from the end of the fourth quarter of last year. The total value of their holdings decreased, however, to $7.09 billion at the end of the first quarter, from $7.9 billion at the end of the fourth quarter, a decrease of 10.27% despite the stock’s 5.38% rise in the first quarter. According to hedge fund intelligence website Insider Monkey, Lone Pine Capital, managed by Stephen Mandel, holds the largest position in Facebook Inc (NASDAQ:FB). Lone Pine Capital has a $666.5 million position in the stock consisting of about 8.11 million shares, and comprising 2.5% of its 13F portfolio. The second-largest stake is held by Coatue Management, led by Philippe Laffont, holding a $650.2 million position of about 7.91 million shares; 6.2% of its 13F portfolio is allocated to the company. Other members of the smart money that are bullish comprise David E. Shaw’s D.E. Shaw & Co., L.P., Israel Englander’s Millennium Management, and Phill Gross and Robert Atchinson’s Adage Capital Management.
Also at the end of the maiden quarter of the year, 63 of the hedge funds tracked by Insider Monkey were long in Twenty-First Century Fox, a 2% slide from one quarter prior. Of the funds tracked by Insider Monkey, Yacktman Asset Management, managed by Donald Yacktman, holds the largest position in Twenty-First Century Fox Inc (NASDAQ:FOXA). Yacktman Asset Management has a $1.31 billion position in the stock, made up of about 38.76 million shares, comprising 6% of its 13F portfolio. Sitting at the number 2 spot is Chase Coleman of Tiger Global Management, with a $568.7 million position of 16.81 million shares; the firm has 6.2% of its 13F portfolio invested in the stock. Remaining peers that are bullish contain John Armitage’s Egerton Capital Limited, Doug Silverman and Alexander Klabin’s Senator Investment Group, and Warren Buffett’s Berkshire Hathaway.
Disclosure: None
