Hoplite Capital Management Reveals New Stake in Sinclair Broadcast Group Inc. (SBGI); Cadian Capital Raises Exposure To LogMeIn Inc. (LOGM)

Hoplite Capital Management, managed by John Lykouretzos, has revealed a new passive stake in Sinclair Broadcast Group Inc. (NASDAQ:SBGI), a new filing with the U.S. Securities and Exchange Commission showed. In a separate filing, Cadian Capital, managed by Eric Bannasch, has disclosed upping its stake in LogMeIn Inc. (NASDAQ:LOGM).

Sinclair Broadcast Group, Inc. (NASDAQ:SBGI)

Hoplite Capital holds around 6.10 million shares of class A common stock, representing 8.5% of the class. According to a newly amended filing with the SEC, Cadian Capital owns 1.35 million shares of common stock, up from 1.75 million shares.

Sinclair Broadcast Group Inc. (NASDAQ:SBGI) is a television broadcasting company with affiliations with all the major networks, having a market cap of $3.34 billion. Other largest shareholders of the company include Roystone Capital Partners, managed by Richard Barrera, which owns 3.50 million shares, and Eric W. Mandelblatt’s Soroban Capital Partners, holding 3.45 million.

In its latest 13F filing, Hoplite Capital Management revealed that the total value of its equity portfolio as of the end of the first quarter of the year was $3.62 billion, slightly higher than the previous quarter value of $3.56 billion. Mr. Lykouretzos is a former employee of Andreas Halvorsen’s Viking Global Investors and Julian Robertson‘s Tiger Management. The fund reported the largest stake in Sunedison Inc (NYSE:SUNE), a new position containing more than 16.01 million shares, reportedly worth $301.64 million.

LogMeIn Inc. (NASDAQ:LOGM) is engaged in providing cloud services, has a market cap of $.07 billion. In the first month of this year, Cadian Capital reported raising its stake in the company to some 2.56 million shares from 2.38 million. Aside from Cadian Capital, Steven Cohen owns 1.27 million shares, and Dorsal Capital Management, managed by Ryan Frick and Oliver Evans holds 400,000 shares.

Cadian Capital was founded by Eric Bannasch in 2007. The value of the fund’s equity portfolio totaled $4.00 billion as of the end of the first quarter of 2014.

Disclosure: none

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