Mario Gabelli Adds To Position In Hittite Microwave Corp (HITT)

Mario Gabelli still believes Hittite Microwave Corp (NASDAQ:HITT) is a good investment and has increased his fund’s stake in the company. GAMCO Investors has increased it’s holding from 1.69 million to approximately 2.05 million shares, which gives it control over 6.53% of the total number of shares outstanding. Gabelli and GAMCO have initiated this position earlier this month.

Hittite Microwave Corp (NASDAQ:HITT) is also an important part of SG Capital Management’s portfolio. Ken Grossman and Glen Schneider have built a position that amasses approximately 179,400 shares and accounts for 4.71% of the fund’s portfolio. Jim Simons is also betting big on Hittite Microwave Corp (NASDAQ:HITT) and has increased his fund’s stake by 9% during the first quarter of 2014. According to its latest 13F filing, Renaissance Technologies holds approximately 208,900 shares, the largest position among the hedge funds we track. Clint Carlson, on the other hand, has chosen to limit exposure to this stock and has reduced Carlson Capital’s stake by a quarter to 203,100 shares.

Disclosure: none.