3. Kinder Morgan Inc (NYSE:KMI)
Investors with Long Positions (as of June 30): 64
Aggregate Value of Investors’ Holdings (as of June 30): $2.44 Billion
The second quarter of 2015 saw the number of hedge funds invested in Kinder Morgan Inc (NYSE:KMI) out of the ones we track, drop from 66, while hedge funds’ aggregate investment rose by 53.83%. The company, which ranks as the third-largest oil corporation in America, has been affected by the economic hurdles facing China. The devaluation of the yuan has affected oil prices and is likely to trim the demand for oil in China; bad news for the company given that the country is the second-largest consumer of oil. Kinder Morgan Inc (NYSE:KMI) is currently planning to expand its Trans Mountain pipeline, but the progress has been halted temporarily, awaiting a hearing by the National Energy Board. At the end of the second quarter, FPR Partners, headed by Bob Peck and Andy Raab, held a long position of 4.91 million shares with a market value of $188.39 million.
2. T-Mobile US Inc (NYSE:TMUS)
Investors with Long Positions (as of June 30): 69
Aggregate Value of Investors’ Holdings (as of June 30): $3.46 Billion
The number of hedge funds tracked by Insider Monkey that were invested in T-Mobile US Inc (NYSE:TMUS) rose from 50 at the beginning of the quarter, while their aggregate investments also registered an upward shift of 33.77%. The company recently released the second-generation Tile, which is a Bluetooth tracker for smartphones. The Bluetooth technology locator can be pegged on anything for easy tracking. In a bid to boost sales, the wireless carrier announced that it will provide free Netflix subscriptions to customers who pre-register for the Galaxy S6 Edge+ and Note 5. At the end of the second quarter of 2015, Paulson & Co, led by John Paulson, emerged as the biggest shareholder of T-Mobile US Inc (NYSE:TMUS) out of the funds tracked by Insider Monkey. The fund had a long position of 23.84 million shares valued at $924.47 million. Dan Loeb initiated a position in the stock during the quarter to close the period with 6.50 million shares with a market value of $252.01 million.
1. Williams Companies Inc (NYSE:WMB)
Investors with Long Positions (as of June 30): 86
Aggregate Value of Investors’ Holdings (as of June 30): $10.64 Billion
To wrap it all up, let’s look at Williams Companies Inc (NYSE:WMB), in which just 60 hedge funds were invested at the beginning of the second quarter. Hedge funds’ ownership in the stock went upward by 60.68% during the quarter alongside the big gain in the number of positions. There have been rumors of possible attempts to acquire the natural gas and transportation company by Spectra Energy Corp (NYSE:SE) and Kinder Morgan Inc. Just recently, Williams Companies Inc (NYSE:WMB) rejected a bid by Energy Transfer Equity Lp (NYSE:ETE) to acquire it, but the possibility of an acquisition or merger remains. At the close of the second quarter, Corvex Capital, headed by activist Keith Meister, emerged as the biggest shareholder of the company out of the funds tracked by Insider Monkey, owning 41.68 million shares worth $2.39 billion.
Disclosure: None
