Groupon Inc (GRPN): 10 Hedge Funds That Are Praising Today’s Gains

Page 1 of 9

Groupon Inc (NASDAQ:GRPN) has had a solid 2013 thus far, returning a hair over 15%, but that still hasn’t stopped many armchair analysts from criticizing the company’s management, and any bulls within 1,000 feet of the Groupon Inc (NASDAQ:GRPN)stock. Piper Jaffray has made headlines this week when they said they expected the June quarter to miss the revenue mark, and the loss of the Groupon Goods general manager certainly didn’t help investors’ sentiment.

At Insider Monkey, we track hedge fund sentiment (learn the secrets of our method here), and it is interesting to note that of the 450 elite funds we follow, 18 were long at the end of 2012, a slight drop from 19 one quarter earlier. Interestingly, this group’s aggregate capital invested in Groupon Inc (NASDAQ:GRPN) skyrocketed in Q4, by more than 290%, indicating that the committed managers dug their feet in even more.

At the end of last year, when Groupon’s stock price was sitting just off historic lows, that was understandably a difficult thing to do. While it’s easy to say that a value play was present–the stock still trades at a meager 1.5 times sales and 2.5 times cash–it’s important to note that “value trap” was actually the word most people thought of when they got any whiff of the online deals company.

Still, for the Groupon Inc (NASDAQ:GRPN) bulls that remained convinced in the company’s future, the firing of founder Andrew Mason from his CEO post, and a recent revenue beat have shares booming. Tiger Global Management Llc and Coatue Management are just a couple of the hedgies who remained in Groupon when Mr. Market was against it, the former upping its stake by 4900% in Q4, with the latter initiating a new position in its last 13F filing of the year.

Regardless, it’s crucial that we take a look at this upper-crust of money managers, to understand the method behind their moves, while taking a look at some of the other stocks they’re overly bullish on. Chances are, if they’ve been right about Groupon, they may be right about another down-and-out play moving forward. We’ll go through the top 10 funds invested in Groupon Inc (NASDAQ:GRPN), in order of first to tenth.

No. 1 Tiger Global Management Llc, Chase Coleman and Feroz DewanChase Coleman Tiger Global Management

Top pick heading into Q4: Apple Inc. (NASDAQ:AAPL)

Groupon’s position in its last 13F: 5th

Increase from Q3: +4900%

Percentage of overall 13F portfolio: 5.86%

Value: $315.9 million

No. 2 Coatue Management, Philippe LaffontCOATUE MANAGEMENT

Top pick heading into Q4: Equinix (EQIX)

Groupon Inc (NASDAQ:GRPN)’s position in its last 13F: 27th

Increase from Q3: New

Percentage of overall 13F portfolio: 0.59%

Value: $36.3 million

Learn the names of the rest of the elite hedgies on the following pages:

Page 1 of 9
blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

6 Ways to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

10 Best Places to Visit in Central and South America

The 10 Greatest Empires in History Which Nearly Conquered the World

The 6 Cheapest Boarding Schools In America 2015

5 Clear Reasons LoL is Better than DotA, Continues to Rule MOBAs

The Only 9 Teams with a Chance to Win the Super Bowl

The 15 Most Common Phobias in America that Induce Fits of Panic

Top 6 Least Expensive Tourist Destinations in 2014

Jim Goetz, Peter Fenton, Jim Breyer: Top 6 Venture Investors for 2014

Top 15 Billionaires in 2014

5 Pitfalls To Avoid When Buying a Franchise

Top 20 Medical Schools in the US – 2014 Rankings

4 Business Strategies that Turned Jamie Oliver into the World’s Richest Chef

6 Qualities That Make You A Good Team Player

10 High Paying Seasonal Jobs in America this Holiday Season

The 10 Busiest Shipping Lanes in the World

5 Most Valuable Brands in China

The 10 States with Highest Substance Abuse Rates Crippling Their Populace

The Top 10 Things to Do Before You Die That Will Echo for Eternity

The 10 Best Selling Items on Etsy

Top 10 Things to Do in Tokyo, the Greatest City in the World

10 Mistakes on Social Media that Can Harm You and Will Probably Get You Canned

The 10 Best Cities to Find Jobs in 2014

The 10 Most Controversial Songs Of All Time to Hit (and get Banned from) the Airwaves

The 20 Biggest IPOs in US History

The 10 Best Places to Visit in Mexico that Are Beautiful and Safe

7 Bad Habits that Age You Beyond Your Years

The 40 Best Fortune Cookie Sayings That Will Leave You Bemused, Befuddled, or Beguiled

10 Foods to Eat Before a Workout to Make Every Drop of Sweat Count

The 5 Best Documentaries On Netflix You Must See

The Most Heartwarming and Inspirational Story Of This Halloween Season, It Will Make You Cry and Jump For Joy

10 Best Party Songs of All Time to Bring the House Down With

5 New World Order Conspiracy Theories that Will Strangle the World

The 10 Highest Rated Movies of 2014

The 10 Largest Container Shipping Companies in the World

The 10 Largest Armies in the World: Who Should We Be Afraid Of?

Best Warren Buffett Quotes on Money You Need to Hear

The 10 Highest Suicide Rates by Profession

The 20 Most Underrated Movies of All Time

The 10 Fastest Growing Companies in America

The 10 Biggest Outlet Malls in USA

The 5 Most Popular Rap Songs of All Time

The 10 Countries that Eat the Most Meat

The10 Most Expensive Countries to Fly To

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!