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13G Filing: Passport Capital and Hortonworks, Inc. (HDP)

In a recent filing with the US Securities and Exchange Commission, John Burbank‘s Passport Capital revealed a passive stake in Hortonworks Inc (NASDAQ:HDP). The 13G filing showed that Passport owns around 6.67 million shares of Hortonworks, versus 1.71 million shares it disclosed in its latest 13F filing.

What does the smart money think about Hortonworks Inc (NASDAQ:HDP)?

At Q4’s end, a total of 19 of the hedge funds tracked by Insider Monkey were long this stock, a change of 19% from the third quarter. With hedgies’ sentiment swirling, there exists an “upper tier” of notable hedge fund managers who were boosting their stakes significantly (or already accumulated large positions).

Of the funds tracked by Insider Monkey, Citadel Investment Group, managed by Ken Griffin, holds the number one position in Hortonworks Inc (NASDAQ:HDP). Citadel Investment Group has a $40.8 million position in the stock, comprising less than 0.1%% of its 13F portfolio. On Citadel Investment Group’s heels is John Burbank of Passport Capital, with a $37.4 million position; the fund has 0.6% of its 13F portfolio invested in the stock. Some other members of the smart money with similar optimism include Christopher Medlock James’s Partner Fund Management, Clint Carlson’s Carlson Capital and Israel Englander’s Millennium Management.

You can access the original SEC filing by clicking here.

Ownership Summary Table

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
Passport Capital 0 6,668,505 0 6,668,505 6,668,505 12.2%
John H. Burbank III 0 6,668,505 0 6,668,505 6,668,505 12.2%
John Burbank
John Burbank
Passport Capital

Page 1 of 7 SEC Filing


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington,
D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934

(Amendment No. 2)*

Hortonworks, Inc.
(Name of
Issuer)

Common Stock
(Title of Class of Securities)

440894103
(CUSIP Number)

February 29, 2016
(Date of Event which
Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to
which this Schedule is filed:

[X] Rule 13d-1(b)

[_] Rule 13d-1(c)

[_] Rule 13d-1(d)

*The remainder of this cover page shall be filled out for a
reporting persons initial filing on this form with respect to the subject class
of securities, and for any subsequent amendment containing information which
would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page
shall not be deemed to be filed for the purpose of Section 18 of the
Securities Exchange Act of 1934 (Act) or otherwise subject to the liabilities
of that section of the Act but shall be subject to all other provisions of the
Act (however, see the Notes).

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