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.

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

5 Retirement Mistakes To Avoid (and Einstein’s Famous Quote)

11 Smartest People in the World

6 Films About the Financial World You Need To Watch (While “The Wolf” is Not Around)

Warren Buffett and Billionaires Are Crazy About These 7 Stocks

The Top 10 States With Fastest Internet Speeds

10 Best Places to Visit in USA in August

Top 10 Cities to Visit Before You Die

Top 10 Genetically Modified Food In the US

15 Highest Grossing Movies Opening Weekend

5 Best Poker Books For Beginners

10 Strategies Hedge Funds Use to Make Huge Returns

Top 10 Fast Food Franchises to Buy

10 Best Places to Visit in Canada

Best Summer Jobs for Teachers

10 Youngest Hedge Fund Billionaires

Top 10 One Hit Wonders of the 90s

Fastest Growing Cities In America

Top 10 U.S. Cities for Freelancers

Top 9 Most Popular Free iPhone Apps

Top 10 Least Expensive Private Business Schools in the US

Top 15 Most Expensive Countries in the World – 2014

Top Businesses to Invest In

Top 5 Things You Might Be Doing Wrong With Your Business

Top 5 Strategic Technology Trends in 2014

Top Rags to Riches Stories

Parenting Behavior That Promotes Future Leaders

Top 5 Mistakes Made by Small Businesses

Top 5 Most Common and Potentially Devastating Financial Blunders

Top 5 Highest Paying Jobs for Web Designers

Top 6 Most Respected Professions that Also Pay Well

Top 5 Pitfalls Investors Should Avoid

Top 6 Lawyers and Policy Makers Under 30

Top 6 New Year’s Resolutions for Entrepreneurs

Top 7 Locations to Check in on Facebook

Top 5 Mistakes made by Rookie eBay Sellers

Top 7 eBook Publishers in 2013

Top 6 Health Industry Trends in 2014

5 Lessons for Entrepreneurs from Seth Godin

Top 5 Success Tips from Jordan Belfort – the Wolf of Wall Street

Best Master’s in Finance Degree Programs

Top 6 Earning Celebrities Over 50

The most expensive sports to play

Top 7 Earning Celebrities Under 25

Best 7 Online Courses to Take: Free Finance MOOCs

Top 6 Bad Habits that Promote Failure

20 Most Valuable Soccer Teams in the World in 2013

12 Most Expensive Countries for Foreign Students

Top 30 Most Influential Women in the World

Top 20 Most Expensive New Year Eve Shows

Top 5 Best Vocational Careers

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!