Eric Bannasch’s Cadian Capital Management filed on November 22nd for its stake changes in Netscout Systems Inc. (NTCT) and MF Global Holdings Ltd. (MF). According to the filing, now Cadian Capital Management has 4,196,674 shares in NTCT, which is unchanged from its previous position in the third quarter. Cadian Capital Management now has 0% stake in MF Global, after the MF filed for bankruptcy at the end of October. According to Cadian Capital Management’s 13F in the third quarter, the firm approximately lost $66 million in MF.
NTCT was in seventeen hedge funds in the second quarter, based on Insider Monkey’s hedge fund tracking list. After Eric Bannasch’s Cadian Capital, Chuck Royce’s Royce & Associates had 635 thousand shares in the stock, up by 54% from Q1. David E. Shaw’s D. E. Shaw sharply increased its position by 12 times and had 262 thousand shares in the stock.
According to Yahoo! Finance, NetScout Systems, Inc. “engages in the design, development, manufacture, marketing, sale, and support of unified service delivery management, service assurance, and application and network performance management solutions worldwide.” The company offers nGenius Service Assurance Solution, Sniffer Analysis software suite, and Sniffer Portable Analyzer product family to “a range of enterprise information technology operations and are deployed by telecommunication service providers”. The company was founded in 1984 and is based in Westford, Massachusetts.
MF was in twelve hedge funds in the second quarter. Debra Fine’s Fine Capital Partners followed Cadian Capital and had 8.06 million shares. Other hedge funds had smaller positions in the stock. Chuck Royce’s Royce & Associates had 765 thousand shares, and Ken Griffin’s Citadel Investment Group had 196 thousand shares.
MF Global Holdings Ltd. is a holding company. The company is a commodities and listed derivatives broker in the market. The Company provides access to more than 70 exchanges worldwide. MF Global also provides research and market commentary, as well as providing clearing and settlement services. MF Global Holdings Ltd. was founded in 1981 and is based in New York City, New York.
Eric Bannasch is the portfolio manager in Cadian Capital. He has a MBA degree in Stanford University Graduate School of Business and a Bachelor’s degree in Stanford University. Cadian Capital has a 13F portfolio of more than $2.4 billon. More than half of the firm’s capital is invested in Technology sector.