Why These Stocks Started 2016 With The Left Foot

Vipshop Holdings Ltd – ADR (NYSE:VIPS) was also down roughly 8% on Monday morning, as Chinese stocks plummeted on weak factory activity figures. The mid cap online discount retailer also saw its popularity among hedge funds slump substantially lately. While as of the end of the second quarter of last year, 54 funds among those we track held long stakes in the company, only 40 of them disclosed wages in the company as of the end of the third quarter. Interestingly, these 40 institutions held roughly 14.7% of the company’s shares outstanding – much more than Facebook’s 3.5% and AMD’s 0.5%. One of the largest institutional investors of record here was Tiger Global Management, founded by Chase Coleman, which last disclosed ownership of more than 17.43 million shares, worth more than $292 million.

Finally, there’s Fiat Chrysler Automobiles NV (NYSE:FCAU), the biggest decliner in our list, down over 37% on Monday trading after the company completed the spin off of its Ferrari brand, which started trading in the New York Stock Exchange under the RACE ticker earlier last year. Ferrari NV (NYSE:RACE) was also down by about 1.2% on Monday morning.

Among the institutions that we track, 34 funds held long stakes in Fiat Chrysler Automobiles NV (NYSE:FCAU) as of the end of the third quarter, down from 35 in the previous quarter. Once again, AQR Capital Management was among the largest institutional investors in the company, with 5.95 million shares, valued at roughly $77 million.

Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.