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|
|John H. Burbank III||0||6,668,505||0||6,668,505||6,668,505||12.2%|
Page 1 of 7 SEC Filing
SECURITIES AND EXCHANGE COMMISSION
Under the Securities Exchange Act of 1934
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February 29, 2016
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