Apple Inc. (AAPL), Alibaba Group Holding Ltd (BABA): Hedge Fund Think Investments Betting on Tech

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Think Investments LP increased its equity in Masonite International Corp (NYSE:DOOR) to 540,400 shares, valued at $36.35 million, which represents 13.43% from its portfolio.  For the first quarter of 2015, the company reported an increase of $12.0 million, or 2.8% net sales to $434.5 million, include a 4.9% negative impact of foreign exchange. Masonite International Corp’s net loss in the January-March period expanded to $1.02 per share. The $2.1 billion company’s stock gained 29.65% over the year. Other funds that have large positions in Masonite International Corp (NYSE:DOOR) include Joel Ramin’s 12 West Capital Management with 2.26 million shares, worth $151.78 million, followed by Howard Marks’ Oaktree Capital Management and Archer Capital Management run by Eric Edidin and Josh Lobel.

An interesting move of Think Investments LP during the first quarter, was the purchase of almost 300,000 shares in Autohome Inc (ADR) (NYSE:ATHM), increasing its position by more than 80% to 645,759 shares, valued at $28.39 million. Comparing with the previous quarter, the leading online destination for automobile China consumers ranked up four positions in Think Investments LP’s equity portfolio. Autohome Inc (ADR) (NYSE:ATHM) announced its intention to create a strategic joint venture with HappiGO Home Shopping Co, a Chinese business in TV shopping.  The largest shareholders of Autohome Inc (ADR) (NYSE:ATHM) among the funds from our database is Chase Coleman‘s Tiger Global Management LLC with 8.74 million shares, worth $384.08 million.

Six Flags Entertainment Corp (NYSE:SIX) represents Shashin Shah’s fifth largest position, as the hedge fund disclosed holding 494,786 shares worth at $23.39 million. The world’s biggest regional theme park company has a $4.6 billion market cap and its stock gained more than 20% over the year. Due the fact that most of the parks are closed during the January-March period, the company reported net loss of $70.33 million, or ($0.75) diluted EPS, compared to $61.20 million net loss in the same period of the 2014 year. Rehan Jaffer’s H Partners Management, Amy Minella’s Cardinal Capital and Ken Griffin’s Citadel Investment Group are some of the hedge funds that hold significant position in the company.

Disclosure: none

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