What Hedge Funds Think About Newly-Listed Stocks ~ Vista Outdoor Inc (VSTO), Box Inc (BOX), Pacific DataVision, Inc. (PDVW)

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Box Inc (NYSE:BOX) has not enjoyed the same success as its fellow newly-listed companies, with its shares tumbling by 27% since its late January IPO. That’s no doubt disappointing to Philippe Laffont of Coatue Management, who was the first institutional investor to file on the company, disclosing a 1.25 million share position in early February, a 9.99% stake in Box Inc (NYSE:BOX) which he had maintained through the end of March. A darling of the angel investor community, Box Inc has been anything but with Wall Street, which has shown concern over the cloud services company’s lower-than-expected growth in billings, while concerns also persist over pricing pressure Box Inc could face due to a competitive landscape. Other early investors of Box Inc, which had eight funds invested in it as of March 31, include Brookside Capital and OZ Management.

Pacific DataVision, Inc. (NASDAQ:PDVW) also has eight funds with positions in it as of March 31 from among the firms we track. The company, which recently renamed its business pdvWireless and launched its new DispatchPlus service, operates in the workforce mobile solutions segment, connecting employers to their mobile workforce through two-way portable radios that house numerous high-productivity features. Insider Stephen Feinberg of Cerberus Capital Management added to his large position in Pacific DataVision, Inc. (NASDAQ:PDVW) after the stock went public and has since purchased another 500,000 shares in early May to lift his total to over 2.80 million shares. Jeffrey Altman’s Owl Creek Asset Management also holds one of the largest stakes in Pacific DataVision, whose shares have gained 19% since its early February IPO.

Disclosure: None

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