Largest Technology, Media & Telecom hedge funds manage $130 billion; Coatue Capital reclaims top spot from Lone Pine Capital

December 8th, 2014
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The latest Top Technology, Media and Telecom Hedge Fund list has been released, revealing that the top TMT Funds currently manage nearly $130 billion in equity assets. Over the quarter, Philippe Laffont’s Coatue Capital reclaimed the top spot on the list from Steve Mandel’s Lone Pine Capital. Greenwich-based Lone Pine fell off the list, after having lowered its portfolio allocation to TMT stocks to 47%.

Coatue Capital reclaimed the top spot, again, a position it had last held at the end of 2013. The NYC-based hedge fund reported $9.7 billion in TMT assets, allocating 73% of its overall assets to Tech & Telecom stocks and 25% to Media stocks. Coatue’s top stock holdings include $1.1B in Apple Inc (AAPL), $939M in Netflix Inc (NFLX), $801M in Baidu Inc (BIDU), and $719M in Linkedin Corp (LNKD).

SPO Advisory Corp is the second largest TMT investor on the Top 50 TMT Hedge Fund List, having climbed up from last quarter’s #4 spot. The value focused hedge fund, which is run by Bill Oberndorf, John Scully and Edward McDermott, reported $5.8B in TMT assets, nearly 75% of the firm’s equity assets under management.

SPO Advisory’s concentrated sector picks include $1.3B in Charter Communications (CHTR), $1.2B in Equinix Inc (EQIX), and $928M in Liberty Global Inc (LBTYK).

Lansdowne Partners is the third largest TMT Hedge Fund on this quarter’s list, reporting $5.6B in TMT assets. London-based Lansdowne’s top picks include $1.4B in Comcast Corp (CMCSA), $1B in Google (GOOG), $799M in Amazon.com (AMZN), and $714M in Walt Disney Co (DIS).

Ranking Methodology: The Top 50 TMT Hedge Fund rankings are compiled on a quarterly basis using hedge fund firms’ overall U.S. equity assets under management. The TMT list includes the top hedge funds that have more than 50% of their U.S. equity assets invested in U.S. listed Technology, Media and Telecom companies. To view the Top TMT Hedge Fund list in its entirety, please visit the Top Hedge Fund portal. .
For Detailed Investor Profiles on these Investors, click below:
Coatue Capital
Lansdowne Partners
Lone Pine Capital
SPO Advisory Corp
Related People: David Craver; David Scully (CMO); Edward H. McDermott; Eli Weinberg; John Harold Scully; Kerry Tyler; Mala Gaonkar; Marco Tablada; Mike Yuen(retired)*; Paul Ruddock*; Peter Davies ; Philippe Laffont; Steve Heinz*; Steve Mandel; Steve Mandel; Thomas Laffont; William Oberndorf
Related Entities: Coatue Capital; Coatue Offshore funds; Coatue Qualified Partners LP; Lansdowne European Equity Fund; Lansdowne European Long Only Fund; Lansdowne European Strategic Equity Fund; Lansdowne Global Financials Fund; Lansdowne UK Equity Fund; Lone Balsam LP; Lone Cascade; Lone Cypress Funds; Lone Dragon Pine; Lone Juniper; Lone Pine Capital (LPC); Lone Pine Sierra LP; Lone Sequoia LP; Lone Spruce LP; Main Street Partners; Morgan Stanley; SF Advisory Partners; SPO Advisory Co; SPO Partners & Co; Theleme Partners; Tiger Management*
Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News; Top Hedge Fund Portfolio Reports; Featured Article


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