Liberty Interactive Corp (QVCA): Are Hedge Funds Right About This Stock?

What does the smart money think about Liberty Interactive Corp (NASDAQ:QVCA)?

At Q4’s end, a total of 71 of the hedge funds tracked by Insider Monkey were long this stock, an increase of 6% from one quarter earlier. With the smart money’s capital changing hands, there exists a select group of noteworthy hedge fund managers who were upping their stakes substantially (or already accumulated large positions).

According to Insider Monkey’s hedge fund database, Bob Peck and Andy Raab’s FPR Partners has the number one position in Liberty Interactive Corp (NASDAQ:QVCA), worth close to $607 million, comprising 13.1% of its total 13F portfolio. The second most bullish fund manager is JANA Partners, managed by Barry Rosenstein, which holds a $364.5 million position; the fund has 5.1% of its 13F portfolio invested in the stock. Some other professional money managers that are bullish comprise Peter Adam Hochfelder’s Brahman Capital, D. E. Shaw & Co. L.P., founded by David E. Shaw.

As industrywide interest jumped, some big names were breaking ground themselves. JANA Partners, managed by Barry Rosenstein, assembled the biggest position in Liberty Interactive Corp (NASDAQ:QVCA). JANA Partners had $364.5 million invested in the company at the end of the quarter. Doug Silverman and Alexander Klabin’s Senator Investment Group also initiated a $82 million position during the quarter. The other funds with new positions in the stock are Aaron Cowen’s Suvretta Capital Management, Isaac Corre’s Governors Lane, and Solomon Kumin’s Folger Hill Asset Management.

The final page of this article reveals the fourth-quarter hedge fund activity in other companies with market capitalizations close to QVCA.