Google Inc (GOOG): These Hedge Funds Are Getting Killed Right Now

Google Inc (NASDAQ:GOOG)‘s shares are down close to 9% after the tech giant released it’s third quarter earnings midday, wherein it was expected to release them after the closing bell. Trading has since been halted, but that hasn’t stopped speculation on what exactly happened. While we’ll leave the conjecture up to the reader, the miss was notable, as analysts were expecting it to reach EPS of $10.65 a share; Google Inc (NASDAQ:GOOG) reached just $9.03 a share. The miss of more than 15% comes after Google Inc (NASDAQ:GOOG) beat earnings estimates in Q1 and Q2 by an average margin of 2.3%.

In the hedge fund industry, Google Inc (NASDAQ:GOOG) is a widely loved stock; it had returned over 17% year to date before the surprising miss. As noted in “5 Stocks Billionaires are Crazy About“, Google is the second most popular stock among hedge funds second to Apple. Let’s take a quick look at the top five funds (by value) with a position in the tech giant.

LONE PINE CAPITAL

Stephen Mandel’s Lone Pine Capital

Shares of Google Inc (NASDAQ:GOOG): 1,335,321

Value: $774.6 million

Activity Last Quarter: +2%

Percentage of Portfolio: 4.6%

Paul Ruddock and Steve Heinz’s Lansdowne Partners

Shares of Google: 918,388

Value: $532.7 million

Activity Last Quarter: +40%

Percentage of Portfolio: 9.7%

Chase Coleman’s Tiger Global Management

Shares of Google: 904,000

Value: $524.4 million

Activity Last Quarter: -3%

Percentage of Portfolio: 8.8%

Philippe Laffont’s Coatue Management

Shares of Google: 729,566

Value: $423.2 million

Activity Last Quarter: -3%

Percentage of Portfolio: 8.0%

Ken Fisher’s Fisher Asset Management*

Shares of Google Inc (NASDAQ:GOOG): 722,999

Value: $419.4 million

Activity Last Quarter: +2%

Percentage of Portfolio: 1.2%

Disclosure: I have no positions in Google Inc (GOOG) and no plans to initiate any positions within the next 72 hours.

*Ken Fisher’s Fisher Asset Management is not a hedge fund; it is technically classified as an independent investment advisory firm.

Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

Cheapest Cities to Visit in the US

Most Expensive Summer Camps

Most Expensive Animals in the World

Most Expensive Specialty Crops in the World

Movies That Took Ages to Make

The Longest Hollywood Films Ever Made

Most Expensive Concert Stages

The Richest Bands of all Time

10 Most Corrupt Countries 2013 List

10 Countries with the Highest Quality of Life Index

Most Expensive Mattresses in the World

5 Smallest Countries by Land Area

The Ultimate Heartbreak Songs

Richest Teenagers in the World

10 Most Haunted Places in America

10 Best Places to Retire in Florida East Coast

Top 10 Places to See Before You Die

Top 8 Countries in the World Where Justice Prevails

10 Richest States in America

15 Wealthiest Countries in the World

Richest Singers in the World

Most Expensive Tasting Menu in New York City

Most Expensive Baby Items in the World

Most Expensive Hotel Suites in Vegas

Most Expensive Brunch in New York City

Most Expensive Beef Cuts in the World

25 Best Colleges to Get a Job

Top 10 US Supermarkets

The 25 Most Dangerous Cities in the World to Visit

Most Expensive Xbox Games

Top 11 Cities Where Billionaires Live

Top 10 Most Charitable Companies in America

Most Expensive Seafood in the World

The 10 Wildest Conspiracy Theories

The 10 Best Job Markets in the US

Top 10 Accounting Scandals of All Time

The 25 Biggest Cities in the World

Top 10 Best Paying Virtual Jobs

Most Expensive Leather Shoes in the World

Top 6 Things to Buy in March

The 10 Most Stressful Jobs in America – 2014 List

Top 10 Jobs for Introverted People

Top 10 Honeymoon Destinations in the World

Top 10 Highest Paying Jobs in the World

Most Expensive Day-Care in New York City

The 10 Cheapest Places to Retire Abroad

Top 10 Most Expensive Luxury Cars in the World – 2014

Killer Small Business Ideas

The 50 Best Personal Finance Blogs

Most Expensive Apartments in New York City

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!