Top Technology, Media & Telecom Hedge Funds Oversee more than $45 Billion in TMT Equities

April 22nd, 2013
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The latest Top Technology, Media and Telecom Hedge Fund list has been released, revealing that the top TMT Funds now manage $66.4 billion in equity assets, allocating $45.1 billion, or 68% of their equity assets to TMT stocks.

The Top 50 TMT Hedge Fund List is once again led by Philippe Laffont’s Coatue Capital and Chase Coleman’s Tiger Global Management. Both Laffont and Coleman are “Tiger Cubs”, having refined their investment acumen under the tutelage of Julian Robertson. At #1 on the list, Coatue Capital reported $5.7 billion in TMT equity holdings, accounting for 95% of its holdings, while #2 Tiger Global reported nearly $3.5 billion in TMT holdings, accounting for 95% of its portfolio.

Coming in at third on the list is John Scully and William E. Oberndorf’s SPO Advisory Corp. The Mill Valley, CA-based firm reported $3.4 billion in TMT equity holdings, accounting for 54% of its portfolio.

Notably, nearly 30% of the funds on this quarter’s Top 50 TMT Hedge Funds list were not among the top 50 during the last ranking. Some of the largest newcomers to the list include #24 Slate Path Capital, #28 Newbrook Capital Advisors and #29 Starboard Value LP. As highlighted in last week’s emerging hedge fund manager spotlight, Slate Path Capital is also ranked #116 on the Top New York Metro Area Hedge Fund List. Slate Path was recently launched by David Greenspan who was previously a partner at John Griffin’s Blue Ridge Capital.

Ranking Methodology: The Top 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 Hedge Tracker’s Hedge Fund Portal.
For Detailed Investor Profiles on these Investors, click below:
Coatue Capital
Slate Path Capital LP
Starboard Value
Tiger Global Management
Newbrook Capital Advisors LP
Related People: Chase Coleman; David Scully (CMO); Ethan Binder; Feroz Dewan; Jeffrey Smith, Mark Mitchell, Peter Feld, Gavin Molinelli, Kenneth Marlin; Julian Robertson; Neeraj Chandra; Philippe Laffont; Robert Boucai; Stephen Cook; Thomas Laffont
Related Entities: ; Slate Path Capital GP; Slate Path Intermediate Fund; Slate Path Master Fund; Coatue Capital; Coatue Offshore funds; Coatue Qualified Partners LP; Newbrook Capital Advisors LP; Ramius Capital Group*; Ramius Small-Cap Value*; RCG STARBOARD ADVISORS LLC; Slate Path Partners; Starboard Intermediate Fund; Starboard Value and Opportunity Fund; Tiger Global Funds; Tiger Management Corporation; Tiger Technology LP
Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News; Featured Reports

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