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John Murphy’s Alydar Capital Raised Stake in $SFLY

John Murphy’s Alydar Capital boosted its stake in Shutterfly Inc. (SFLY) to 1.92 million shares, corresponding to a 5.54% passive stake ownership. Alydar Capital doubled its previous position since the firm reported 956 thousand shares at the end of September. Alydar Capital had 696 thousand shares in SFLY in the second quarter. Probably the firm bought the shares in mid-November, at above current price. Now the SFLY is trading at $33.98, losing 3% in 2011.

Twenty three hedge funds had positions in SFLY in the second quarter. The largest hedge fund stakeholder was Mariko Gordon’s Daruma Asset Management. The firm decreased its position by 18% and retained 1.36 million shares. Robert Pitts’ Steadfast Capital Management took the second place with 733 thousand shares. After Alydar Capital’s 696 thousand shares position, Robert Jaffe’s Force Capital took 525 thousand shares, up by 16% from Q1.

Alydar Capital is based in Boston, Massachusetts. The firm is an employee owned hedge fund sponsor. It provides its services to pooled investment vehicles, and invests in the public equity and hedging markets of the United States. The firm is managing more than $2 billion. The fund was founded by John A. Murphy in 2003. Previously John Murphy worked under Lawrence Greenberg at Mt. Everest Fund, which was liquidated in 2002. Greenberg was formerly a fund manager at Fidelity.

According to Yahoo! Finance, Shutterfly, Inc. “provides an Internet-based social expression and personal publishing service that enables consumers to share, print, and preserve their memories through the medium of photography. It offers a range of personalized photo-based products and services for consumers to upload, edit, enhance, organize, find, share, create, print, and preserve their memories. The company produces and sells photo books, greeting cards and stationery, personalized calendars, and other photo-based merchandise, including calendars, mugs, canvas prints, mouse pads, magnets, and puzzles. It also offers photo prints consisting of wallet, 2×6, 4×6, 5×7, 8×10, and large format sizes. In addition, the company provides commercial print services. Shutterfly, Inc. was founded in 1999 and is headquartered in Redwood City, California.”

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