Hedge Funds Lose Big After Electronic Arts Drops More Than 5%

Electronic Arts Inc. (EA) share price falls today after market research firm NPD shows that in December 2011 retail sales of new video game hardware, software and accessories fell 21% from the same month in 2010. Meanwhile, Barry Cottle, former head of EA’s mobile and social games segment, left Electronic Arts and went to Zynga. Cottle will serve as executive VP of business and corporate development. Besides, former EA COO John Schappert is now also in Zynga.

Kerr Neilson

EA closed at $17.49 on Thursday, while is trading at $18.50 at 11:30AM EST on Friday, down 5.18% or $1.01. Here is a list of hedge funds that may lose big due to EA’s price decline:

1. JAT Capital Management – John Thaler: loses $6.65 million

2. Platinum Asset Management – Kerr Neilson: loses $6.24 million

3. Columbus Circle Investors – Donald Chiboucis: loses $5.55 million

4. D. E. Shaw – David E. Shaw: loses $2.97 million

5. SAC Capital Advisors – Steven Cohen: loses $2.57 million

6. Citadel Investment Group – Ken Griffin: loses $1.84 million

7. Criterion Capital – Christopher Lord: loses $1.73 million

8. Cavalry Asset Management – John Hurley: loses $1.23 million

9. Samlyn Capital – Robert Pohly: loses $1.10 million

10. Castlerock Asset Management – Paul Tanico: loses $942 thousand

DISCLAIMER: These calculations assume that these hedge funds did not increase or reduce their stock positions in EA since the end of September. We did not take into account their option positions.

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