How Investments in Alibaba Group Holding Ltd (BABA), Facebook Inc (FB) & Other Stocks Affected Symmetry Peak Management’s Returns?

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Symmetry Peak boosted its stake in Facebook Inc (NASDAQ:FB) by 140% in the second quarter, ending the period with 25,000 shares worth $2.86 million. During the second quarter, the number of funds tracked by us long Facebook, slid to 148 from 164, while the largest stake was held by Viking Global, which reported holding $2.30 billion worth of shares. It was followed by Lone Pine Capital with a $1.25 billion position. Other investors bullish on the company included Arrowstreet Capital, Egerton Capital Limited, and Lansdowne Partners. These funds saw Facebook Inc (NASDAQ:FB)’s shares gain 12.2% during the third quarter.

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Symmetry Peak reported ownership of 90,000 shares of Applied Materials, Inc. (NASDAQ:AMAT) as of the end of June. The position was increased by 71% during the second quarter and was worth $2.16 million at the end of the period. In the following three months, the company’s shares advanced by 26.2%, lifting the returns of 47 funds from our database that were bullish on Applied Materials, Inc. (NASDAQ:AMAT) at the end of June, compared to 39 funds a quarter earlier. The largest stake was held by D. E. Shaw & Co. which reported a $314 million position. It was followed by Israel Englander’s Millennium Management with a $205.4 million holding.  Other hedge funds and institutional investors that amassed shares of Applied Materials included John Overdeck and David Siegel’s Two Sigma Advisors, Jim Simons’ Renaissance Technologies, and John A. Levin’s Levin Capital Strategies.

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Disclosure: none

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