Fidelity National Information Services (FIS), Inphi Corporation (IPHI) & Two More: Did Maplelane Capital’s Picks Live Up to the Hype?

Another stock that brought a positive return for the fund in the third quarter was Take-Two Interactive Software, Inc. (NASDAQ:TTWO), which, in that period, advanced by 18.9%. Maplelane Capital first raised its stake in the company in the June quarter by 7%, to 800,000 shares, and then by the end of September, the fund lowered its stake by 25% to 600,000 shares, which were worth $27.05 million.

At the end of the second quarter, Maplelane was one of 47 hedge funds tracked by Insider Monkey that were long this stock, a 12% hike from the previous quarter. The largest stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) was held by Eminence Capital, which reported holding $144.2 million worth of stock as of the end of June. It was followed by Greenlight Capital with a $103.7 million position. Other investors bullish on the company included Renaissance Technologies, Citadel Investment Group, and Ivory Capital (Investment Mgmt).

In MicroStrategy Incorporated (NASDAQ:MSTR), the fund trimmed its stake in the June quarter, and then further in the September quarter, by 20% and 47%, respectively. Hence, on September 30, the fund’s position in the company contained 86,154 shares, which were worth $14.43 million. In the third quarter the stock brought a negative return of 4.3%, while over the past 12 months, it’s advanced by 16.35%.

At the end of the second quarter, a total of 26 of the hedge funds tracked by Insider Monkey were long this stock, a 7% decline from the previous quarter. According to Insider Monkey’s hedge fund database, Eminence Capital, managed by Ricky Sandler, held the number one position in MicroStrategy Incorporated (NASDAQ:MSTR). Eminence Capital had a $125.7 million position in the stock, comprising 2.5% of its 13F portfolio. Sitting at the No. 2 spot was Glenhill Advisors, led by Glenn J. Krevlin, which held a $94.7 million position. Some other peers with similar optimism comprised First Eagle Investment Management, Alex Sacerdote’s Whale Rock Capital Management, and Eduardo Costa’s Calixto Global Investors.

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