Coatue, Whale Rock Among Hedge Funds Trimming Pandemic Plays (Bloomberg)
As the world begins to emerge from lockdown, some hedge funds are slashing technology investments that thrived in the work-from-home era. Philippe Laffont’s Coatue Management slashed many of its tech holdings that have benefited from the pandemic-induced lockdowns, including most of its stake in fitness-equipment maker Peloton Interactive Inc. The fund cut its exposure to cyber-security solutions company Crowdstrike Holdings Inc. and and Zoom Video Communications Inc. in half. Overall, its exposure to technology stocks fell by about 8%, data compiled by Bloomberg show.
Tiger Global’s Chase Coleman Made a Big Bet on Roblox — Check Out the Tech Investor’s Other Moves (CNBC)
Hedge fund manager Chase Coleman made a multi-billion dollar bet on newly public video game company in the first quarter of 2021. Here are his other latest moves. According to SEC filings released on Monday, Tiger Global Management owns a $2.6 billion stake in Roblox, which is now the hedge fund’s third largest holding. The kids gaming app that surged in popularity during the pandemic went public on the New York Stock Exchange in March.
Michael Burry’s Short Bet Against Tesla is ‘Dangerous’ as the EV Giant could be Worth More than $2 Trillion in the Long Term, Loup Ventures’ Gene Munster Says (Business Insider)
Michael Burry‘s bet against Tesla is “dangerous,” according to Loup Ventures’ Gene Munster, who says the electric-vehicle giant could be worth north of $2 trillion over the long term. Burry – best known for his billion-dollar bet against the US housing bubble in the mid-2000s, and immortalized in Michael Lewis’ book “The Big Short” – revealed in a regulatory filing on Monday that his hedge fund, Scion Asset Management, held bearish put options on over 800,000 shares of Elon Musk’s electric-car company as of March 31.
Tuesday 5/18 Insider Buying Report: RDNT (Nasdaq)
On Friday, Director Lawrence L. Levitt bought $288,325 worth of RadNet, buying 12,500 shares at a cost of $23.07 each. This buy marks the first one filed by Levitt in the past year. RadNet is trading up about 6.7% on the day Tuesday. Levitt was up about 8.2% on the purchase at the high point of today’s trading session, with RDNT trading as high as $24.95 at last check today.
The SVP of Choice Hotels (NYSE: CHH) is Buying Shares (Analyst Ratings)
Today, the SVP of Choice Hotels (CHH), Simone Wu, bought shares of CHH for $1.09M. Following Simone Wu’s last CHH Buy transaction on June 06, 2016, the stock climbed by 75.0%. Following this transaction Simone Wu’s holding in the company was increased by 52.12% to a total of $4.89 million.
