Why We’re Watching HubSpot Inc (HUBS), Stamps.com Inc. (STMP) & More

Garelick Capital Partners added HubSpot Inc (NYSE:HUBS) as a new position to its portfolio in the second quarter, buying 187,120 Class A shares of the company, which had a total worth of $8.12 million at the end of June. This was a high-yielding investment for the firm, as the stock returned 32.7% during the third quarter. At Q2’s end, a total of 19 of the hedge funds in our system were long this stock, up by 12% from one quarter earlier. More specifically, Whale Rock Capital Management was the largest shareholder of HubSpot Inc (NYSE:HUBS), with a stake worth $28.2 million reported as of the end of June. Trailing Whale Rock Capital was Polar Capital, which amassed a stake valued at $22.1 million. Light Street Capital, Calixto Global Investors, and Folger Hill Asset Management also held valuable positions in the company.

Stamps.com Inc. (NASDAQ:STMP) was also a new arrival into Garelick Capital’s portfolio in the second quarter, as the fund acquired 90,087 shares of the company during the period, with an aggregate value of over $7.87 million. The stock returned 8.1% during the third quarter. At Q2’s end, a total of 27 of the hedge funds tracked by Insider Monkey held long positions in Stamps.com, a 7% decline from one quarter earlier. The largest stake in Stamps.com Inc. (NASDAQ:STMP) was held by Columbus Circle Investors, which reported holding $38.6 million worth of stock at the end of June. It was followed by Park West Asset Management with a $28.8 million position. Other investors bullish on the company included Portolan Capital Management, Shannon River Fund Management, and Harvest Capital Strategies.

Disclosure: None