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Andreas Halvorsen’s Viking Global and Others Up Big At Midday on Seagate Technologies $STX Increase

Several hedge funds made big Friday on Seagate Technologies (STX) after the stock swelled from $12.06 at close yesterday to trade at $14.74 midday. The increase came after the company an adjusted EPS of 34, beating analyst estimates of 31 reports the MarketIntelligenceCenter. The stock was also bolstered as several analysts upped their recommendations from hold to outperform or buy. According to Barron’s, STX was also helped by the “sudden misfortune of its chief rival Western Digital (WDC), which on Wednesday said that flooding in Thailand that hit last week, and that shut down Western’s manufacturing there, would take several quarters to resolve.”

Andreas Halvorsen

The following hedge funds made the most on the increase:

1. Viking Global – Andreas Halvorsen: Gained $53.7 million

2. Greenlight Capital – David Einhorn: Gained $30.8 million

3. Esl Investments – Edward Lampert: Gained $19.3 million

4. Highfields Capital Management – Jonathon Jacobson: Gained $12.7 million

5. Soros Fund Management – George Soros: Gained $9.4 million

6. Ivory Capital (Investment Mgmt) – Curtis Macnguyen: Gained $7.6 million

7. Scout Capital Management – James Crichton And Adam Weiss: Gained $6.9 million

8. Glenview Capital – Larry Robbins: Gained $5.6 million

9. Castlerock Asset Management – Paul Tanico: Gained $5.2 million

10. Cavalry Asset Management – John Hurley: Gained $3.3 million

DISCLAIMER: These calculations assume that these hedge funds did not increase or reduce their stock positions in STX since the end of June. We did not take into account their option positions.