TASER International, Inc. (NASDAQ:TASR) is up 2.5% today, and 31.9% over the past month, amid a flurry of orders for its “smart weapons,” largely police departments and correctional facilities. Affirmation of these orders has allowed investors to revise their growth forecasts for the stun gun and taser manufacturer, and as you’d expect, some hedge funds have been benefiting from the gains. It’s always important to follow hedge fund sentiment for this very reason. Let’s take a look at 10 hedge funds that hit the jackpot on Taser.
Among all investors that reported stakes in TASER International, Inc. (NASDAQ:TASR), the stake with the highest value is held by Renaissance Technologies, managed by Jim Simons. The position contains almost 2.5 million shares of the company and has a reported value of $21.1 million. During the second quarter, the hedge fund increased its position in TASER by over 30%.
The second-largest shareholder of Taser is Robert B. Gillam‘s McKinley Capital Management, that disclosed a stake worth $3.2 million, which involves about 616,500 shares, down by 9% over the quarter.
Cliff Asness‘ hedge fund, AQR Capital Management reported ownership of almost 385,500 shares, the value of the stake amounting to about $3.3 million. As in comparison with the first quarter of the year, AQR’s position in Taser remained almost flat, increasing by about 3,500 shares.
With an almost $3 million position, Citadel Investment Group, managed by billionaire Ken Griffin, is the fourth-largest shareholder of TASER International. The hedge fund’s stake contains about 347,550 shares, down by 47% in comparison with the first three months of 2013.
TASER International, Inc. (NASDAQ:TASR) can also be found in the equity portfolio of Joel Greenblatt‘s Gotham Asset Management. The stake worth $1.4 million contains slightly below 167,500 shares, the position being cut by 26% since the end of March.
With a stake worth about $1.3 million, Millenium Management is the next on the list. In this way, billionaire Israel Englander‘s hedge fund reported ownership of about 149,000 shares, up by more than 53,800 shares in comparison with the January-March period.
In the equity portfolio of SAC Capital Advisors, TASER is represented by a $347,000 position, which involves 40,700 shares. The stake in Taser represents a new addition to the 13F portfolio of Steven Cohen‘s hedge fund made during the second quarter of the year.
Also, Ken Gray and Steve Walsh‘s hedge fund, Bryn Mawr Capital disclosed ownership of TASER International, Inc. (NASDAQ:TASR) shares. The position of Bryn Mawr Capital involves around 39,500 shares valued at $337,000, and represents a new position in the hedge fund’s equity portfolio.
Another “hedgie” involved with TASER International, Inc. (NASDAQ:TASR) is David Costen Haley. His hedge fund, HBK Investments, reported a new position worth $319,000, which contains $37,400 shares of the company.
And the 10th-largest investor in Taser International is Matthew Hulsizer‘s hedge fund PEAK6 Capital Management. The hedge fund disclosed ownership of almost 29,000 shares, the position surging over the quarter by more than 220%.
Overall, 14 hedge funds disclosed long positions in Taser International during the second quarter of the year.
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