LinkedIn Corp (LNKD) Plunges As Sparkle From Strong Q2 Results Quickly Fades

What does the smart money think about LinkedIn Corp (NYSE:LNKD)?

Coatue Management, led by Philippe Laffont, holds the biggest position in LinkedIn Corp (NYSE:LNKD), with a $555.4 million position made up of 2.22 million shares. On Coatue Management’s heels is D.E. Shaw & Co., L.P., managed by David E. Shaw, holding a $307 million position in 1.23 million shares; the fund has 0.5% of its 13F portfolio invested in the stock. Other bullish investors are Alex Snow of Lansdowne Partners, John Griffin of Blue Ridge Capital, and Christopher Lord of Criterion Capital.

Conatus Capital Management, helmed by David Stemerman, initiated the largest position in LinkedIn Corp (NYSE:LNKD), with $29.3 million invested in the company at the end of the quarter after the firm bought 117,143 shares. Peter Muller’s PDT Partners also made a $25.8 million investment in the stock during the quarter, acquiring 103,184 shares. On the other side of the fence, David Goel and Paul Ferri‘s Matrix Capital Management dropped the largest stake among the hedge funds watched by Insider Monkey, selling a $212.48 million position made up of 925,000 shares. Eric Bannasch’s fund, Cadian Capital, also said goodbye to its 644,400 shares worth about $148.03 million.

As we can see, the largest new position in the first quarter was relatively small compared to the top two largest positions which were sold off, which illustrates why the company saw a substantial outflow of investment in the first quarter. As hedge funds are bearish on the firm and with analysts saying that they see the stock continuing to be volatile, we wouldn’t recommend a long position in LinkedIn Corp (NYSE:LNKD).

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