Tenaya Capital is a venture capital firm with approximately $750 million under management, which invests in
technology segments, including Internet and consumer, semiconductors, communications and software and systems, electronics, and cleantech
The fund has revealed in a couple of filings of its latest moves in Cyan Inc (NYSE:CYNI
) and Meru Networks, Inc. (NASDAQ:MERU
Cyan Inc (NYSE:
CYNI), is a $176 million market cap company, which transforms legacy networks into open, high-performance networks. The fund revealed that it owns 3.32 million shares of the company representing 7.1% stake in the company’s common stock. There were no filings to reveal that the fund earlier had a stake in the company.
Of the hedge funds we track Brookside Capital, managed by Bain Capital
is the largest shareholder, holding 350,000 shares, worth $3.52 million. Joseph A. Jolson
’s Harvest Capital Strategies, initiated a position in the company in the third quarter and is the second largest shareholder, amassing 163,989 shares, with a reported value of $1.65 million. Peak6 Capital Management, run by Matthew Hulsizer
, stands on the third spot, with 200,025 shares valued at $2.01 million.
In a separate filing the fund revealed that it owns 192,004 shares of Meru Networks, Inc. (NASDAQ:
MERU), significantly down from 948,262 shares held earlier as revealed in a 13G filing in December 2011. The current holding equals 0.8% stake in the company’s common stock.
A couple of months ago Potomac Capital Partners III, L.P. added
Meru Networks, Inc. (NASDAQ:
MERU) to its equity portfolio via buying 1.17 million shares, representing a 5.2% of the company's common stock.
, a director at Meru Networks has been actively buying the shares of Meru Networks in the last year, and has accumulated 333,882 shares until now. While Nicholas Mitsakos
, another director has been actively selling the stock and now has 27,754 shares of Meru.
David E. Shaw
and his fund, D E Shaw, is a notable hedge fund to mention, who holds 1.4 million shares of Meru Networks, worth $4.6 million in its equity portfolio. Diker Management, led by Mark N. Diker
raised his stake by 28% in the third quarter and now owns 1.16 million shares, with a reported value of $3.8 million.
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