Boardman Bay Capital Management’s Returns, AUM and Holdings

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Speaking of the most popular stocks among hedge funds – at the end of December 2018, Boardman Bay Capital Management had the biggest holding in Amazon Com Inc (NASDAQ:AMZN). The fund’s position in the company, after the fund had increased it by 111%, counted 2,600 shares outstanding, with a value of $3.90 million. Amazon Com Inc (NASDAQ:AMZN) has a market cap of $792.38 billion, and over the past 6 months, its stock lost 14.33%, currently trading at $1,613.64 at a P/E ratio of 80.09.

As of December 31st, the Boardman Bay’s second largest holding, is a newly added position in Walt Disney Co (NYSE:DIS). The fund purchased 33,989 shares outstanding, worth $3.72 million. Walt Disney Co’s (NYSE:DIS) shares were trading at $114.04 per share on February 21st, at a P/E ratio of 15.62. The company has a market cap of $170.01 billion. The fund decided to acquire a new position in Facebook Inc (NASDAQ:FB) as well, by purchasing its 20,500 shares for $2.68 million that way occupying 5.52% of its portfolio. Over the past year, the company’s stock lost 7.67% of its value, currently trading at $160.23. Last month, Facebook Inc (NASDAQ:FB) posted earnings for its fourth quarter and full year 2018, and despite the growing issue regarding company’s privacy practices, it was a strong financial quarter for the company having revenue of $16.91 billion.

During the fourth quarter of 2018, the fund substantially lessened its stakes in Benefitfocus Inc. (NASDAQ:BNFT) and Inphi Corp (NYSE:IPHI), by 60% and 44% respectively. The position in Benefitfocus Inc. (NASDAQ:BNFT), a US provider of cloud-based benefits management platform for consumers, employers, insurance carriers, and brokers occupies 1.41% of the fund’s portfolio since it owns 15,000 of the company’s shares worth $686000. When it comes to Inphi Corp (NYSE:IPHI), a company that provides an analog and mixed signal for the semiconductor solutions for the data center, computing, and communications markets across the globe, the fund holds its 26,900 shares, valued at $865 000, as of December 2018.

Boardman Bay Capital Management lost faith in almost 20% of the companies that were in its portfolio, completely selling out its positions during the fourth quarter of 2018. Among those companies were EMCORE Corp (NASDAQ:EMKR), Coherent, Inc. (NASDAQ:COHR), LendingClub Corp (NYSE:LC), to name a few. The fund sold out 15,000 shares of EMCORE Corp, 1,200 shares of Coherent, Inc., and 82,435 shares of LendingClub Corp.

Disclosure: None

This article was originally published at Insider Monkey.

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