Dan Benton’s Andor Capital Management is climbing back to the top

January 2nd, 2013
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Hedge fund titan Dan Benton returned to the hedge fund scene in 2011 when he re-opened Andor Capital Management. In late 2012, Andor Capital returned to the upper echelon of hedge fund firms as it again nears the $1 billion asset mark.

The technology focused hedge fund reported equity assets of $911million at the end of the third quarter of 2012, up from just $342 million at the end of the second quarter. Andor Capital’s asset gains were enough the propel the hedge fund to #193 on HedgeTracker’s Top 200 Hedge Fund List

Dan Benton originally founded Andor Capital Management in 2011 after he left Pequot Capital Management, a firm he had co-founded with Arthur Samberg. As of 6/30/07, the firm had equity assets of more than $2.2 billion. During the financial crisis, Andor Capital did not fair too well, convincing Benton to retire and shut-down the firm in August of 2008.

Andor Capital continues to employ a long/short equity that focuses on technology related companies. The firm’s portfolio is very concentrated, only including 22 equity positions, with the top 5 positions accounting for 58.5% of the portfolio, according to the firm’s 9/30/2012 filing with the SEC. Dan Benton’s top five positions include many of tech sector’s darlings: $150.9M in Google (GOOG), $133.4M in Apple (AAPL), $127.2M in Amazon.com (AMZN), $61.1M in Salesforce.com (CRM) and $60.2M in Linkedin (LNKD).

Andor Capital’s confidence in Google increased over the third quarter, as the firm increased its position from 50k shares to 200k shares. Linkedin Corp also drew significant interest from Andor’s investment team, as the firm built its entire position in the company over the third quarter.

Rounding out Andor Capital’s top 10 positions are Cirrus Logic Inc (CRUS), Mellanox Technologies, Ltd. (MLNX), eBay Inc (EBAY), Red Hat (RHT), and Omnivision Technologies (OVTI).
For Detailed Investor Profiles on these Investors, click below:
Andor Capital Management
Pequot Capital Management*
Related People: Art Samberg; Dan Benton; Dan Benton*
Related Entities: Andor Global Hedge Fund; Andor Technology; Andor Technology Perennial Fund; Dawson-Herman Capital Management*; Pangaea Capital Management; Pequot Capital Core Fund*; Pequot Capital Management*; Pequot Matawin Hedge Fund; Pequot Special Opportunities; Willow Creek Capital*
Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News; Top Hedge Fund Portfolio Reports; Hedge Fund Launches and Hedge Fund Closings

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