Facebook Inc (FB) Agrees to Revamp Trending Topics Feature

Page 2 of 2

With a general bullishness amongst the heavyweights, key hedge funds were breaking ground themselves. Viking Global, managed by Andreas Halvorsen, created the most valuable position in Facebook Inc (NASDAQ:FB), followed by Alex Snow’s Lansdowne Partners, which made a $423.6 million investment in the stock during the first quarter. The other funds with new positions in the stock are Rob Citrone’s Discovery Capital Management, David Tepper’s Appaloosa Management LP, and John Lykouretzos’s Hoplite Capital Management.

Let’s go over hedge fund activity in other stocks similar to Facebook Inc (NASDAQ:FB). These stocks are Johnson & Johnson (NYSE:JNJ), General Electric Company (NYSE:GE), Amazon.com, Inc. (NASDAQ:AMZN), and Wells Fargo & Co (NYSE:WFC). This group of stocks’ market caps resemble FB’s market cap.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
JNJ 77 5251691 5
GE 64 5476675 10
AMZN 133 14699954 -8
WFC 90 29758121 5

As you can see these stocks had an average of 91 hedge funds with bullish positions and the average amount invested in these stocks was $13797 million. That figure was $14536 million in FB’s case. Amazon.com, Inc. (NASDAQ:AMZN) is the most popular stock in this table. On the other hand General Electric Company (NYSE:GE) is the least popular one with only 64 bullish hedge fund positions. Compared to these stocks, Facebook Inc (NASDAQ:FB) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.

Disclosure: None

Page 2 of 2