Top TMT Hedge Funds close in on $200 Billion, Assets jump by 4.2%

October 2nd, 2016
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The Top Technology, Media and Telecom Hedge Funds now manage $196.4 billion in assets, having seen their assets increase by $7.9 billion, or +4.2% quarter-over-quarter.

Twenty-five of the hedge funds on the top TMT list have seen their assets increase by more than $50 million quarter-over-quarter. Leading the top gainers are Steve Mandel’s Lone Pine Capital and Chris Hohn’s Children's Investment Fund Management.

Not only is Lone Pine a top gainer, but for the sixth consecutive quarter, the hedge fund also holds the top spot in the TMT rankings. Lone Pine’s sector favorites include: 6.5% in The Priceline Group (PCLN), 5.8% in Facebook (FB), 5.4% in Amazon.com (AMZN), 5.1% in Charter Communications (CHTR), and 4.1% in Microsoft (MSFT).

With $7.2 billion in TMT Assets, The Children's Investment Fund claimed the #2 spot on the list.
The firm’s portfolio is highly concentrated, allocating 36.4% of its assets to Yahoo (YHOO), 36.1% to Charter Communications (CHTR), and 25.8% to Comcast (CMCSA).

With $7 billion in TMT Assets, Philippe Laffont’s Coatue Capital claimed the #3 spot on the list. Like Lone Pine, Coatue also likes Facebook, which accounts for 6.9% of the firm’s portfolio. Coatue’s other top TMT picks include 7.9% in Activision Blizzard (ATVI), 7.6% in Liberty Broadband (LBRDK), 6.5% in Netflix (NFLX), and 6% in JD.com (JD).

Not surprisingly, Manhattan is home to forty of the top 75 TMT hedge funds. While Manhattan is king, the Bay Area and London are still very much relevant, with each claiming the headquarters for eight of the top hedge funds.

Ranking Methodology: The Top 75 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:
The Children's Investment Fund Mgmt
Related People: Chris Hohn
Related Entities: Children's Investment Master Fund; Childrens Investment Fund LP; Childrens Investment Fund Management (UK) LLP; TCI; The Children's Investment Fund; The Children's Investment Fund Foundation
Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News; Featured Reports


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