John Thaler is the manager of JAT Capital, a New York City-based long/short equity hedge fund. Recently, JAT Capital disclosed all of its equities from the end of the second quarter of 2013. From the most recent 13F filing with the SEC, we have picked some of the largest stakes in terms of value held by JAT Capital.
The largest stake in JAT’s equity portfolio is News Corp (NASDAQ:NWSA). The hedge fund disclosed ownership of over 6.3 million shares, and the value of the stake amounts to about $206 million. This is a new position in the JAT Capital equity portfolio. Since the beginning of the year, the stock of the News Corp has returned about 1.1%, while its forward P/E ratio is 31.1x, and its PEG ratio is slightly below 0.5.
The second-largest stock pick in the 13F portfolio of John Thaler’s hedge fund is represented by LinkedIn Corp (NYSE:LNKD). As of the end of the second quarter, JAT Capital held over 1 million shares of LinkedIn, with the value of the stake amounting to almost $182.7 million.
In the previous round of 13F filings, the hedge fund’s stake in LinkedIn Corp (NYSE:LNKD) contained 625,348 shares, and was worth about $110.1 million. Some other LNKD bulls include Jim Simons’s Renaissance Technologies, Coatue Management and Columbus Circle Investors, managed by Philippe Laffont and Donald Chiboucis, respectively.
The next position is held by Time Warner Inc (NYSE:TWX), in which JAT Capital’s stake contains about 2.8 million shares, and is worth $160.1 million, an increase of 22,900 shares over the quarter. The fourth and fifth largest stakes in JAT Capital’s equity portfolio represent new positions. In Yahoo! Inc. (NASDAQ:YHOO), the hedge fund’s stake contains over 6.1 million shares, and is worth $153.6 million. Melco Crown Entertainment Ltd (ADR) (NASDAQ:MPEL) is in the fifth-largest position, involving 6.7 million shares, with a value of above $150.5 million.
On the whole, the equity portfolio of John Thaler’s JAT Capital contains 40 positions and has a total value of almost $2.5 billion.
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