Hedge Funds Make Big on SolarWinds $SWI Gains in Early Trading

SolarWinds, Inc. (SWI) jumped over 13% Thursday morning after posting a total quarterly revenue of $53.9 million, a 31% gain over the same quarter last year reports MarketWatch. “The third quarter of 2011 adds another page to the compelling story of SolarWinds’ model, and users’ need for our approach to solving IT Management challenges,”  said Kevin Thompson, SolarWinds’ President and Chief Executive Officer. “Once again, we delivered strong results and generated record license and maintenance revenue based on solid performance across our business.”

The following hedge funds made the most on the news:

1. Maverick Capital – Lee Ainslie: Gained $13.3 million

2. Lone Pine Capital – Stephen Mandel: Gained $6.1 million

3. Valinor Management Llc – David Gallo: Gained $3.8 million

4. Marble Arch Investments – Scott Mclellan: Gained $3.6 million

5. Brookside Capital – Bain Capital: Gained $3.5 million

6. Adage Capital Management – Phill Gross and Robert Atchinson: Gained $619,000

7. Axial Capital – Eliav Assouline and Marc Andersen: Gained $509,000

8. Fox Point Capital Management – Charles Anderson: Gained $485,000

9. Renaissance Technologies – Jim Simons: Gained $444,000

10. Sac Capital Advisors – Steven Cohen: Gained $360,000

DISCLAIMER: These calculations assume that these hedge funds did not increase or reduce their stock positions in SWI since the end of June. We did not take into account their option positions.