10 Hedge Funds That Loved Facebook Inc (FB)’s Third Quarter

Facebook Inc (NASDAQ:FB) impressed Wall Street today, reporting solid third quarter results, led by beats on adjusted earnings and revenue. A full summary of the social networking company’s Q3 results can be read here, but we’ll provide the following clip:

Daily active users increased by 28% from the same time last year, and totaled 584 million at the end of last month, while monthly active users were a tick over 1 billion at the end of September. MAU growth saw a similar increase from the 790 million figure that Facebook Inc (NASDAQ:FB) reported a year ago. In terms of mobile, Facebook Inc (NASDAQ:FB)’s monthly active users totaled 604 million at the end of last month, which was an increase of 61% year over year. Most importantly, advertising revenue has grown by 36% YOY, an eight-percentage point boost from Q2, which is the key point of the afternoon.

In addition, we’d like to take this time to look at how Facebook Inc (NASDAQ:FB)’s biggest bulls in the hedge fund industry may have benefited as a result. While it’s too early to call any market reaction a certainty, the stock is up over 12% after-hours, and the last point mentioned above may be most responsible. We all knew that the company’s user base had eclipsed 1 billion, and assumed that mobile users were up as well, but the advertising revenue gains? Well, let’s just say that those figures are a welcome sight for some of the hedge funds invested in Facebook Inc (NASDAQ:FB) that are listed below.

As can probably be noticed, this table represents the top ten fund managers (excluding options) in Facebook Inc (NASDAQ:FB), organized by share value. It’s interesting that two big-time “tiger cubs” hold the top spots, owning a combined $109.9 million between them. Tiger Consumer Management has a higher concentration of its portfolio in Facebook Inc (NASDAQ:FB), similar to the position held by Roberto Mignone and Bridger Management. Within this list, the only funds who do also not hold Apple in their top twenty holdings are Christian Leone, Anand Parekh, and Matthew Halbower.

Continue reading about Facebook Inc (NASDAQ:FB)’s fund interest by clicking on the table above, or by clicking here.