10 Hedge Funds That Loved Facebook Inc (FB)’s Third Quarter

Facebook Inc (NASDAQ:FB) impressed Wall Street today, reporting solid third quarter results, led by beats on adjusted earnings and revenue. A full summary of the social networking company’s Q3 results can be read here, but we’ll provide the following clip:

Daily active users increased by 28% from the same time last year, and totaled 584 million at the end of last month, while monthly active users were a tick over 1 billion at the end of September. MAU growth saw a similar increase from the 790 million figure that Facebook Inc (NASDAQ:FB) reported a year ago. In terms of mobile, Facebook Inc (NASDAQ:FB)’s monthly active users totaled 604 million at the end of last month, which was an increase of 61% year over year. Most importantly, advertising revenue has grown by 36% YOY, an eight-percentage point boost from Q2, which is the key point of the afternoon.

Facebook Inc. (FB)

In addition, we’d like to take this time to look at how Facebook Inc (NASDAQ:FB)’s biggest bulls in the hedge fund industry may have benefited as a result. While it’s too early to call any market reaction a certainty, the stock is up over 12% after-hours, and the last point mentioned above may be most responsible. We all knew that the company’s user base had eclipsed 1 billion, and assumed that mobile users were up as well, but the advertising revenue gains? Well, let’s just say that those figures are a welcome sight for some of the hedge funds invested in Facebook Inc (NASDAQ:FB) that are listed below.

Facebook Inc (FB) Top 10 Bulls

As can probably be noticed, this table represents the top ten fund managers (excluding options) in Facebook Inc (NASDAQ:FB), organized by share value. It’s interesting that two big-time “tiger cubs” hold the top spots, owning a combined $109.9 million between them. Tiger Consumer Management has a higher concentration of its portfolio in Facebook Inc (NASDAQ:FB), similar to the position held by Roberto Mignone and Bridger Management. Within this list, the only funds who do also not hold Apple in their top twenty holdings are Christian Leone, Anand Parekh, and Matthew Halbower.

Continue reading about Facebook Inc (NASDAQ:FB)’s fund interest by clicking on the table above, or by clicking here.

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 44 percentage points in 21 months Learn how!

Lists

The Top 10 States With Fastest Internet Speeds

10 Best Places to Visit in USA in August

Top 10 Cities to Visit Before You Die

Top 10 Genetically Modified Food In the US

15 Highest Grossing Movies Opening Weekend

5 Best Poker Books For Beginners

10 Strategies Hedge Funds Use to Make Huge Returns

Top 10 Fast Food Franchises to Buy

10 Best Places to Visit in Canada

Best Summer Jobs for Teachers

10 Youngest Hedge Fund Billionaires

Top 10 One Hit Wonders of the 90s

Fastest Growing Cities In America

Top 10 U.S. Cities for Freelancers

Top 9 Most Popular Free iPhone Apps

Top 10 Least Expensive Private Business Schools in the US

Top 15 Most Expensive Countries in the World – 2014

Top Businesses to Invest In

Top 5 Things You Might Be Doing Wrong With Your Business

Top 5 Strategic Technology Trends in 2014

Top Rags to Riches Stories

Parenting Behavior That Promotes Future Leaders

Top 5 Mistakes Made by Small Businesses

Top 5 Most Common and Potentially Devastating Financial Blunders

Top 5 Highest Paying Jobs for Web Designers

Top 6 Most Respected Professions that Also Pay Well

Top 5 Pitfalls Investors Should Avoid

Top 6 Lawyers and Policy Makers Under 30

Top 6 New Year’s Resolutions for Entrepreneurs

Top 7 Locations to Check in on Facebook

Top 5 Mistakes made by Rookie eBay Sellers

Top 7 eBook Publishers in 2013

Top 6 Health Industry Trends in 2014

5 Lessons for Entrepreneurs from Seth Godin

Top 5 Success Tips from Jordan Belfort – the Wolf of Wall Street

Best Master’s in Finance Degree Programs

Top 6 Earning Celebrities Over 50

The most expensive sports to play

Top 7 Earning Celebrities Under 25

Best 7 Online Courses to Take: Free Finance MOOCs

Top 6 Bad Habits that Promote Failure

20 Most Valuable Soccer Teams in the World in 2013

12 Most Expensive Countries for Foreign Students

Top 30 Most Influential Women in the World

Top 20 Most Expensive New Year Eve Shows

Top 5 Best Vocational Careers

Top 10 Jobs for 2014 by Salary Gain (Predictions)

Top 5 Digital Trends for 2014

Top 6 Things You Can Do To Increase Your Productivity

Top 9 Trending Smartphones in 2013

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!