Hedge Funds are Confident about These Entertainment Stocks and You Should Be Too

1. Lions Gate Entertainment Corp. (USA) (NYSE:LGF)

Investors with Long Positions (as of June 30): 35

Aggregate Value of Investors’ Holdings (as of June 30): $2.66 Billion

Lions Gate Entertainment Corp. (USA) (NYSE:LGF) was the most appreciated entertainment stock among the 700+ hedge funds and other investors from our database during the second quarter. A total of 35 money managers were invested in Lions Gate at the end of June, up by seven over the quarter. At the same time, these funds hold nearly half of the Santa Monica-based company’s outstanding stock as of June 30. Similarly, the value of hedge funds’ positions into the stock climbed by $237.51 million during the period. The movie and television production company has been well-positioned to make the most of the ever-changing television landscape, with its stock advancing a whopping 19% year-to-date. Mark Rachesky’s MHR Fund Management reported an ownership stake in Lions Gate Entertainment Corp. (USA) (NYSE:LGF) of 40.21 million shares in its most recent 13F filing.

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