John Griffin, Blue Ridge Reveal Passive Stake in Zulily Inc (ZU)

John Griffin's Blue Ridge Capital has initiated a position in Zulily Inc (NASDAQ:ZU), a new filing with the Securities and Exchange Commission revealed. The fund reported ownership of a total of 799,811 shares, which represent 6.05% of the company's class A common stock. The company started trading on the NASDAQ market earlier in November, and the value of the passive stake held by Blue Ridge amounts to approximately $29.7 million, at the current stock price of the company.

BLUE RIDGE CAPITAL

E-commerce company, Zulily Inc (NASDAQ:ZU) via its sites and mobile applications provides online shopping services for moms, being also one of the largest e-commerce enterprises in the United States. The company filed for its Initial Public Offering at the beginning of October. Overall, during the IPO, the company issued over 13.2 million class A shares, worth $20.00 apiece, the total value amounting to $264.5 million. Since shares of the company began trading publicly, the stock of the company edged down by around 1.8%. Zulily Inc (NASDAQ:ZU) had around 2.6 million active cutomers at the end of September, double from 1.3 million customers a year ago, the company stated in its S-1 form filed with the SEC. Zulily Inc (NASDAQ:ZU) earned revenue worth $215 per one active customer for 12 months ended September 2012, which represents an over 10% increase from $195 gained a year ago. Among other recent moves made by Mr. Griffin and Blue Ridge Capital we can mention their increase in the Avis Budget Group Inc. (NASDAQ:CAR) holding to 6.6 million shares, from 4.3 million shares held earlier. Currently, Blue Ridge holds 6.2% of the outstanding stock of the company. In the latest round of 13F filings, Blue Ridge revealed that it is still bullish on Priceline.com Inc (NASDAQ:PCLN), which is the largest investment in its equity portfolio. The fund owns 404,000 shares of Priceline, with a reported value of $408 million. The second-, and third-largest positions are represented by American International Group Inc (NYSE:AIG) in which the fund holds 7.3 million shares, and Thermo Fisher Scientific Inc. (NYSE:TMO), in which Blue Ridge reduced its stake, but still owns 3.7 million shares, worth $340 million. Disclosure: none Recommended Reading: J. Carlo Cannell’s Fund Ups Position in Hooper Holmes Hedge Fund News: Warren Buffett, Bill Ackman & John Paulson Park West Asset Management Boosts Its Stake in ShoreTel  
blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 30 percentage points in 13 months Learn how!

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!