Here’s Why The Smart Money Likes Gulfport Energy (GPOR)

Of the 749 hedge funds that we track which filed 13F’s for the June 30 reporting period, 40 were long Gulfport Energy Corporation (NASDAQ:GPOR), owning $915.91 million worth of its shares, which accounted for 23.40% of the float on June 30.

In terms of specific hedge fund activity, Andreas Halvorsen‘s Viking Global cut its stake in the company by 22% during the second quarter, to 8.96 million shares at the end of June. Going the opposite way was John Griffin‘s Blue Ridge Capital, which raised its holding by 70% to over 1.56 million shares during the same period. Overall, of the top-ten shareholders of Gulfport in our database at the end of June, five funds either established new positions or raised their stakes in during the quarter, while five other funds trimmed their holdings.

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