Largest Technology, Media & Telecom hedge funds manage $130 billion; Coatue Capital reclaims top spot from Lone Pine Capital
|December 8th, 2014||
|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.
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. .
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