(Adds Hoplite Capital, Two Sigma Investments)
By Svea Herbst-Bayliss and Sam Forgione
NEW YORK, May 16 (Reuters) - Former SAC executive Gabe
Plotkin's Melvin Capital took a new position in streaming video
service Netflix Inc NFLX.O , buying 950,000 shares and a call
option for 1.45 million shares, according to regulatory filings
on Monday. Hoplite Capital also took a new position in Netflix,
buying 236,456 shares, while Blue Ridge took a new position,
buying 1.4 million shares.
But Julian Robertson's Tiger Management cut its position in
Netflix by 38 percent to own 240,800 shares.
Melvin Capital also took a new position in Home Depot Inc (NYSE:HD)
HD.N , buying 475,000 shares. And Passport Capital added 3.3
million Yahoo Inc YHOO.O shares, upping its stake by 243
percent, filings show.
These hedge-fund SEC disclosures are backward-looking and
come out 45 days after the end of each quarter. Still, the
filings offer a glimpse into what hedge fund managers saw as
investment opportunities.
The filings do not disclose short positions, or bets that a
stock will fall. As a result, the public filings do not always
present a complete picture of a management firm's stock
holdings.
The following are some of the hot stocks and sectors in
which hedge fund managers either took new positions or exited
existing stakes in the first quarter.
ALLERGAN PLC AGN.N
Seth Klarman's Baupost Group bought into the company,
putting on a new position with 1.7 million shares. Similarly,
Davidson Kempner Capital Management added a new position, buying
833,099 shares while Adage Capital Partners nearly doubled its
holdings by buying 547,759 shares to own 1.2 millon.
But Senator Investment Group cut its position by more than
half when it sold 875,000 shares and Third Point trimmed its
holding by selling 400,000 shares to own 5 million. Also, Jana
Partners cut its stake by 718,000 shares to 447,000 shares,
while Omega Advisors cut its stake by about 221,000 shares to
561,000 shares. Hoplite Capital cut its stake by roughly half to
own 299,825 shares.
AMERICAN INTERNATIONAL GROUP AIG.N
Jana Partners sold its entire stake of 4.3 mln shares. Omega
Advisors trimmed its stake by 583,000 shares to 3.5 million
shares.
ALPHABET INC GOOGL.O
Jana Partners took a new stake of 634,000 Class C shares.
Third Point took a new stake of 700,000 Class A Alphabet shares,
while Omega Advisors trimmed its stake by 151,000 Class A shares
to about 277,000 Class A shares.
AMAZON.COM INC AMZN.O
John Burbank's Passport Capital sold 36,577 shares, reducing
the firm's holding by 35 percent. Suvretta Capital took a new
position, buying 248,311 shares. Omega Advisors sold its entire
stake of about 36,000 shares.
BANK OF AMERICA CORP BAC.N
Jana Partners took a new stake of 750,000 shares.
BAXTER INTERNATIONAL INC BAX.N
Jana Partners sold entire stake of 5.7 million shares.
CHESAPEAKE ENERGY CORP CHK.N
Two Sigma Investments added a new position, buying 2.3
million shares. Blue Ridge Capital added a new position, buying
7 million shares.
ENDO INTERNATIONAL PLC ENDP.O
Sachem Head added a new position, buying 2.46 million
shares. Brahman Capital exited its position, selling 3.8 million
shares.
FACEBOOK INC FB.O
Passport Capital sold 325,434 shares of the social media
company, cutting its stake by more than one quarter. Omega
Advisors trimmed its stake by 526,000 Class A shares to 459,000
Class A shares.
HERTZ GLOBAL HOLDINGS INC HTZ.N
Coatue added a new position, buying 5.2 million shares.
J.C. PENNEY COMPANY JCP.N
The retailer saw its stock price surge 66 percent during the
first quarter. Davidson Kempner sold its holding of 1 million
shares.
JPMORGAN CHASE & CO JPM.N
Omega Advisors sold its entire stake of 1.1 million shares.
KATE SPADE & CO KATE.N
Melvin Capital put on a new position, buying 1.35 million
shares in the retailer, which gained 43 percent in the first
quarter. Davidson Kempner took a new position, adding 200,000
shares.
LIBERTY GLOBAL PLC LBTYA.O
Jana Partners sold its entire stake of 5.9 million Class C
shares.
LPL FINANCIAL HOLDINGS LPLA.O
Sahm Adrangi's Kerrisdale Capital Management exited its
position, selling 76,063 shares.
MCDONALD'S CORP MCD.N
Suvretta Capital exited its position, selling 825,900
shares.
MICROSOFT CORP MSFT.O
Passport Capital sold 1.2 million shares, cutting the firm's
stake by 27 percent. Omega Advisors increased its stake by
947,000 shares to 1.8 million shares. Conatus Capital Management
added a new position, buying 702,808 shares.
MYLAN MYL.O
Sachem Head liquidated its entire position, selling 3.35
million shares.
PFIZER INC PFE (NYSE:PFE).N
Senator Investment Group raised its holding by 130 percent
when it added 8.5 million shares in the drug maker. Jana
Partners increased its stake by 4.3 million shares to 13.5
million shares. Omega Advisors sold its entire stake of 1.3
million shares.
QUALCOMM INC QCOM.O
Jana Partners sold its entire stake of 9.2 million shares.
SYNOPSYS INC SNPS.O
Kerrisdale took a new position, buying 263,157 shares.
UNITED RENTALS URI.N
Blue Mountain Capital added 106,011 shares.
VALEANT PHARMACEUTICALS INTERNATIONAL VRX.TO VRX.N
Jana Partners sold its entire stake of 1.6 million shares.
Farallon upped its stake by 439 percent to own 269,700 shares.
Coatue exited its position, selling 1.67 million shares.
WENDY'S CO WEN.O
Davidson Kempner liquidated its position, selling 1.97
million shares.
ZOETIS INC ZTS.N
A number of hedge funds liquidated their positions. Sachem
Head sold 4.2 million shares, exiting the position it took in
2014. Hitchwood Capital sold its entire position, liquidating
2.5 million shares. Twin Capital sold its entire stake of 33,180
shares.