After Betting on Infoblox Inc (BLOX), Yelp Inc (YELP) SQN Investors Enjoys Solid Returns

SQN raised its exposure to Pegasystems Inc. (NASDAQ:PEGA) by 39% to 515,095 shares worth $13.88 million during the second quarter. During the third quarter, the stock appreciated by 9.5%, which is the smallest gain registered among stocks covered in this article. A total of 20 fnds tracked by Insider Monkey held long positions in Pegasystems Inc. (NASDAQ:PEGA) at the end of June, down by 17% from the previous quarter. Among them, Cadian Capital held a $32.7 million stake at the end of June. On the other hand, Peter Muller’s PDT Partners and Dmitry Balyasny’s Balyasny Asset Management sold out their positions in Pegasystems Inc. (NASDAQ:PEGA) worth $900,000 and $800,000 million between April and June.

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On the other hand, shares of Yelp Inc (NYSE:YELP) surged by 37.4% between July and September, while SQN had entered the quarter with a stake containing 442,200 shares that had been raised by 23% during the previous three months. At the end of the second quarter, a total of 45 of the hedge funds tracked by Insider Monkey were bullish on this stock, a change of 36% from the end of March. Tybourne Capital Management, managed by Eashwar Krishnan, held the number one position in Yelp Inc (NYSE:YELP), having reported a $186.7 million stake in its last 13F filing. Other funds bullish on Yelp, include D.E. Shaw, Citadel Investment Group and Debra Fine’s Fine Capital Partners, which assembled the most outsized position in Yelp Inc (NYSE:YELP) and had $22.9 million invested in the company at the end of the quarter.

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Disclosure: none