Pandora and More: Hedge Funds Have Bought These Stocks Recently

Page 1 of 2

We track filings by hedge funds and other notable investors in order to get an idea of their activity- including which large cap stocks they like, which smaller-cap stocks might be good topics for further research, and what they think of different industries generally. Of course, investors can’t buy every stock that any particular manager is buying (and relatively up-to-date 13D and 13G filings are rarely filed for large-caps), but looking at filings can still be useful. Here are five stocks that hedge funds have reported a larger position in recently:

Pandora Media Inc (NYSE:P)

Steadfast Capital Management reported owning 8.9 million shares of Pandora Media Inc (NYSE:P). This is an increase of close to 2 million shares since the beginning of October, according to the fund’s 13F for the third quarter of the year (find Steadfast’s favorite stocks). Pandora’s revenues have been growing nicely- up about 60% in its most recent quarter compared to the same period in the previous year- but costs have been rising as well and the company is struggling with profitability. It’s not expected to have positive earnings in its next fiscal year either, and with much of its future depending on Apple Inc. (NASDAQ:AAPL) not developing its own service we think it should be avoided. The stock is widely shorted, indicating that a number of traders expect it to underperform expectations. Read our analysis of Pandora.

John Rogers’ Ariel Investments increased its holdings of Contango Oil & Gas Company (NYSE:MCF) from 1.6 million shares about two months ago to 2.4 million. Ariel now owns nearly 16% of the total shares outstanding (check out more of John Rogers’ stock picks). Contango is an exploration and production company which primarily provides natural gas, natural gas liquids, and condensates. These fuels are seen as growth opportunities, but partly because of massive increases in production prices have remained low. Contango trades at 37 times trailing earnings, and its revenue decline by 33% in the third quarter compared to Q3 2011. We think that we would avoid it; companies like Chesapeake Energy Corporation (NYSE:CHK) might be cheaper ways to play natural gas.

Page 1 of 2

Biotech Insider Alert - $6 Stock To Hit $40

$200 Million Dollar Healthcare Hedge Fund's #1 Best Idea Right Now

The best healthcare hedge fund out there right now is one of the largest shareholders in this biotech stock. The fund returned more than 20% in each of the last 2 years with a virtually fully hedged portfolio, and it's sending out a BUY signal on this biotech stock. Get your FREE REPORT today (retail value of $300)

This is a FREE report from Insider Monkey. Credit Card is NOT required.
Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

Most Famous Gay Athletes

The World’s Most Famous Circuses

Best Hair Stylists

Most Popular NASCAR Drivers

The Best Romance Movies of all Time

The Most Wanted Drug Lords

The Oldest Money Managers

The Greatest Directors in the World

Largest Animals in the World

World’s Most Expensive Desserts

Best Selling Comic Books of All Time

A-list Actors who Sabotaged Their Career

Rappers With a College Degree

The Best Jazz Albums of all Time

The Most Influential Jazz Musicians

The World’s Most Famous Photographers

The Best Oscar-Winning Songs

Most Influential Choreographers Ever

Most Expensive Department Stores in the World

The Most Expensive Stolen Paintings in the World

The World’s Most Expensive Teas

Top Oscar Record Holders

The Most Expensive Flowers in the World

Countries With a Booming Film Industry

Most Expensive Cupcakes in the World

Uncommon European Escapes

The Most Stolen Artists in History

Best Travel Destinations in Australia

World’s Most Expensive Musical Instruments

World’s Most Famous Animals

Most Expensive Cakes in the World

Most Expensive Kosher Champagne in the World

Most Expensive Kosher Wine in the World

The Most Surprisingly Dark Fairy Tales

Most Popular Travel Destinations in Asia

The 10 Most Expensive Dresses Ever Worn to the Oscars

World’s Most Visited Art Museums

Best Countries for Photographers to Work in

Best Paid Jobs in the Film Industry

The Most Renowned Recovered Paintings Ever

Child Stars That Turned out Just Fine

Books That Were Banned in the Past Century

World’s Richest Dancers

Best Remedies against Bad Breath

Foods That Improve Your Skin Texture

Best-Selling Children’s Books of all Time

Foods That Boost Your Libido

Best-Selling Books of all Time

The Most Expensive Academy Awards Jewelry in History

Most Expensive Japanese Restaurant In New York City

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 129% in 2.5 years!! Wondering How?

Download a complete edition of our newsletter for free!