Top Technology, Media & Telecom Hedge Funds surge by 34% Year-to-Date

June 11th, 2013
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The Top Technology, Media and Telecom hedge funds have seen their TMT assets rise by 34%, jumping by nearly $15.4 billion since the beginning of 2013. The Top Technology, Media and Telecom Hedge Funds now reportedly oversee $92.7 billion in U.S. equity assets, allocating $60.6 billion, or 65% of their equity assets to TMT stocks.

The Top 50 TMT Hedge Fund List is once again led by Philippe Laffont’s Coatue Capital. Coatue Capital reported nearly $7.4 billion in TMT equity holdings, allocating 52% of its overall assets to Tech & Telecom stocks and 41% to media stocks.

Number 2 on this quarter’s list is ValueAct Capital Management with $4.5 billion in TMT assets. San Francisco-based ValueAct Capital is a newcomer to the list and allocated 51.1% of its assets to the TMT sector.

Number 3 on the list is SPO Advisory Corp with $3.8 billion in TMT assets. John Scully and William E. Oberndorf’s SPO Advisory Corp held onto the third spot, which it also claimed at the end of 2012. Mill Valley, CA-based SPO allocated 55.6% of its overall assets to Tech & Telecom stocks and 25.2% of its overall assets to media stocks.

Notably, 15 hedge funds on this quarter’s Top 50 TMT Hedge Funds list were not among the top 50 during the last ranking. Beyond ValueAct, some of the largest newcomers to the list include #14 Luxor Capital Group and #17 Sleep Zakaria & Co.

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
ValueAct Capital Management
SPO Advisory Corp
Related People: David Scully (CMO); Jeffrey W. Ubben; Philippe Laffont; Thomas Laffont
Related Entities: Blum Capital Partners*; Coatue Capital; Coatue Offshore funds; Coatue Qualified Partners LP; ValueAct AllCap International LP; ValueAct Capital International; ValueAct Capital LLC; ValueAct Holdings GP LLC
Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News; Featured Reports


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