Hedge Funds Are Crazy About Ctrip.com International Ltd. (ADR) (CTRP)

What have hedge funds been doing with Ctrip.com International Ltd. (ADR) (NASDAQ:CTRP)?

At Q4’s end, a total of 61 of the hedge funds tracked by Insider Monkey were bullish on this stock, a 42% leap from the previous quarter. With hedgies’ capital changing hands, there exists a few key hedge fund managers who were boosting their stakes considerably (or had already accumulated large positions).

According to publicly available hedge fund and institutional investor holdings data compiled by Insider Monkey, Fisher Asset Management, managed by Ken Fisher, holds the biggest position in Ctrip.com International, Ltd. (ADR) (NASDAQ:CTRP). Fisher Asset Management has a $409.5 million position in the stock, comprising 0.8% of its 13F portfolio. The second most bullish fund manager is OZ Management, managed by Daniel S. Och, which holds a $367.8 million position; 2% of its 13F portfolio is allocated to the stock. Remaining hedge funds and institutional investors that are bullish consist of Lei Zhang’s Hillhouse Capital Management, and Andreas Halvorsen’s Viking Global.

Consequently, specific money managers have jumped into Ctrip.com International, Ltd. (ADR) (NASDAQ:CTRP) headfirst. Alkeon Capital Management, managed by Panayotis Takis Sparaggis, established the largest position in Ctrip.com International, Ltd. (ADR) (NASDAQ:CTRP). Alkeon Capital Management had $88.6 million invested in the company at the end of the quarter. Louis Bacon’s Moore Global Investments also initiated a $88 million position during the quarter. The following funds were also among the new CTRP investors: Christopher R. Hansen’s Valiant Capital, Yen Liow’s Aravt Global, and Nehal Chopra’s Ratan Capital Group.

The final page of this article discusses the hedge fund activity in several companies with a market capitalization similar to that of Ctrip.com.