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

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

The Top 10 Most Expensive Digital Cameras to Snap Stunning Shots With

The 10 Highest Quality Fast Food Restaurants In America Today

The 8 Best Halloween Decorating Ideas to Spook Up Your House

10 Marvel Women that Should Get a Movie Right Now

The 20 Best Remixes of Popular Songs that Will Make You Forget the Originals

7 Most Expensive Cities in the World

5 Least Expensive Cities in the World

10 Celebrities Who Believe In Scientology

10 High Margin Food Products to Build a Business Around

The 10 Most Expensive Clothing Stores in the United States to Get Decked Out At

The 5 Biggest Kickstarter Scams That Swindled Backers’ Donations

The 10 Most Expensive Boarding Schools In the World

50 Crazy Facts About Japan You Won’t Believe

Top 10 Least Expensive Hybrid Cars to Save the Planet With

The 10 Biggest ‘Gate’ Controversies in History

The 10 States with the Highest Nursing Shortages Leaving Their Hospitals Depleted

The 10 Best Value Investment Blogs that Every Investor Must Read

The 6 Cheapest Boarding Schools in Europe 2015

The 5 Most Expensive Cars To Insure in the World

The 10 Most Common Genetically Modified Foods

10 Self-Made Billionaires Who Came From Nothing

The 10 Most Expensive Cities to Live in North America

The 13 Most Expensive Headphones in the World to Represent

The Top 20 Wealthiest Soccer Teams in 2014

4 BuzzWorthy Cannabis Stocks And Some Smoking Derivative Plays

The 10 Healthiest Fast Food Chains in America to Dine At

The 5 Most Expensive Cat Food Brands You Can Spoil Your Kitty With

The 6 Best eCommerce Platforms for Small Businesses

The 10 Worst Mistakes an Entrepreneur Can Make

The 5 Most OP Characters in League of Legends to Carry Games and Crush Foes With

The 5 Best Foods to Eat Before Running that Will Help You Pound the Pavement

10 Glaring Plot Holes in The Walking Dead that a Zombie-Filled Bus Could Drive Through

The 5 Biggest Celebrity Stoners Who Love Their Reefer

The 10 Most Overrated Movies Of All Time by Out-of-Touch Critics

Top 6 Least Expensive Cruise Destinations For 2015 that Will Take You to Paradise

10 States with Lowest Substance Abuse Rates in America

The 14 Most Watched TV Finales Ever

The 10 Best Selling Role Playing Games of All Time for PC

10 Most Influential Papers In Economics

Top 8 Biggest Charities in the US

10 Worst Celebrity Career Moves Ever

Top 10 Best Paid Tennis Stars in the World

Top 6 Cities For The Ultra Rich to Live in Comfort

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

How 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

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!