ITG Bearish, Guggenheim Bullish on GrubHub Inc (GRUB): Where Do Hedge Funds Side?

How have hedgies been trading GrubHub Inc (NYSE:GRUB)?

According to hedge fund intelligence website Insider Monkey, Luxor Capital Group, managed by Christian Leone, holds the number one position in GrubHub Inc (NYSE:GRUB). Luxor Capital Group has a $160.3 million position of 3.53 million shares of the company, comprising 2.6% of its 13F portfolio. On Luxor Capital Group’s heels is Pasco Alfaro and Richard Tumure’s Miura Global Management, with a $121.9 million position in 2.69 million shares; 7.3% of its 13F portfolio is allocated to the company. Some other members of the smart money that hold long positions consist of Ken Griffin’s Citadel Investment Group, Alex Sacerdote’s Whale Rock Capital Management, and Alan Fournier‘s Pennant Capital Management.

As aggregate interest increased, key money managers have been driving this bullishness. It needs to be mentioned that the large Luxor Capital Group and Miura Global Management stakes mentioned earlier were initiated during the first quarter. The following funds were also among the new Grub investors: Alex Sacerdote’s Whale Rock Capital Management, John Thaler’s JAT Capital Management, and Joel Ramin’s 12 West Capital Management.

With the substantially greater interest hedge funds are showing, it appears that Guggenheim got it right, at least in the eyes of the world’s most respected money managers, and GrubHub Inc (NYSE:GRUB) looks like a good stock to buy at the moment.

Disclosure: None