Should You Follow This Fund Into Its Investments in Paypal Holdings Inc (PYPL), Tripadvisor Inc (TRIP), & Others?

Then there’s Tripadvisor Inc (NASDAQ:TRIP), which saw Slate Path increase its exposure by 19% to 1.88 million shares worth $120.56 million during the second quarter. However, the stock inched down by 1.7% in the following three months. Overall, the number of funds tracked by our team that held shares of Tripadvisor fell by 18% to 33 during the second quarter. PAR Capital Management, led by Paul Reeder and Edward Shapiro, held the largest position, which was valued at $205.6 million at the end of June. The second-largest stake was held by Jonathon Jacobson’s Highfields Capital Management, which disclosed holding $160.7 million worth of stock. Dmitry Balyasny’s Balyasny Asset Management and Christopher R. Hansen’s Valiant Capital also reported substantial stakes in Tripadvisor Inc (NASDAQ:TRIP) heading into the third quarter.

Last but not least, Insulet Corporation (NASDAQ:PODD) was another profitable investment of Slate Path Capital, as the stock surged by 35.4% during the third quarter. Heading into the quarter, Slate Path owned 2.72 million shares, valued at $82.25 million. A total of 20 funds tracked by Insider Monkey were bullish on Insulet Corporation at the end of June, down by 5% over the quarter. Among them, Slate Capital was the top shareholder, followed by Valinor Management LLC, which amassed $77.2 millions worth of shares. Moreover, Think Investments, Millennium Management, and D. E. Shaw were also bullish on Insulet Corporation (NASDAQ:PODD).

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