Luxor Capital Group Disclosed Stakes in Two Recently Listed Companies

Videocon d2h Limited American Depositary Shares (NASDAQ:VDTH) sold about 33% stake in the company for $325 million as it launched its IPO this month. The operator of satellite pay TV channels in India has about 11.8 million subscribers, which accounts for nearly 16% of the country’s direct-to-home market. Videocon d2h Limited American Depositary Shares (NASDAQ:VDTH) went public after a combination with blank check company Silver Acquisition Corp, of which Luxor is also a shareholder with 7.39 million shares.

Luxor initiated a position in Yahoo! Inc. (NASDAQ:YHOO) during the fourth quarter with some 9.22 million shares valued at $465.61 million. Even though Yahoo’s financial results for the first quarter were disappointing, some analysts are very hopeful about the company’s future prospects, and even claim that there is an arbitrage opportunity at the company’s current trading levels, since they value the company’s core operations at zero. James Dinan‘s York Capital Management and Daniel S. Och’s Oz Management are two other funds that initiated stakes in Yahoo! Inc. (NASDAQ:YHOO) during the fourth quarter.

Voya Financial Inc (NYSE:VOYA) represents Luxor’s second largest holding with 7.8 million shares valued at $331.58 million. Among the billionaires that we track 10 had investments totaling $1.22 billion in the company. David Einhorn was one of them as his fund, Greenlight Capital, held about 5.54 million shares of  Voya Financial Inc (NYSE:VOYA valued at $234.83 million at the end of 2014. As part of the divestment process, ING Groep NV (ADR) (NYSE:ING) recently offloaded 32 million shares of Voya in a public secondary offering. Voya also agreed to purchase another 13.6 million of its shares from ING.

Luxor also owns convertible notes with a 1.50% interest rate underlying 12.16 million shares of Tesla Motors Inc (NASDAQ:TSLA), the value of the position amounting to $22.58 million. The electric car maker recently upgraded its Model S base model, which now goes by the name Model S 70D. Some analysts believe that the new upgrades make the new model seem cheaper, which could potentially translate into helping Tesla Motors Inc (NASDAQ:TSLA) meet its long term sales goal. Daniel Benton’s Andor Capital Management is the largest shareholder of Tesla Motors Inc (NASDAQ:TSLA) among the funds that we track.

Disclosure: None