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MINDBODY Inc (MB): Clearbridge Investments Reports 6.7% Position

According to a recent 13G filing with the US SEC, Clearbridge Investments, LLC owns 1.09 million shares of MINDBODY Inc (NASDAQ:MB), which account for 6.68% of the company’s outstanding stock. This is slightly less compared to 1.11 million shares of MINDBODY that Clearbridge Investments reported in an earlier filing. MINDBODY is engaged in operating an online wellness services marketplace and through its platform it allows businesses to manage its schedules, staff, client information, online bookings, retail sales, and other details. The stock is down by nearly 10% year-to-date.

Among the investors tracked by Insider Monkey, 12 reported long positions in MINDBODY Inc (NASDAQ:MB) as of the end of December, versus nine funds a quarter earlier. More specifically, Abdiel Capital Advisors, managed by Colin Moran, holds the number one position in MINDBODY Inc (NASDAQ:MB), which was worth $31.2 million at the end of the last year and was initiated during the fourth quarter of 2015. The second most bullish fund manager is Jericho Capital Asset Management, led by Josh Resnick, holding a $10.6 million position. Some other hedge funds and institutional investors that are bullish contain Jack Ripsteen’s Potrero Capital Research, Doug Gordon, Jon Hilsabeck and Don Jabro’s Shellback Capital and David Costen Haley’s HBK Investments.

You can access the original SEC filing by clicking here.

Ownership Summary Table

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
Clearbridge Investments 1,091,892 0 1,091,892 0 1,091,892 6.68%

Page 1 of 3 – SEC Filing



UNITED
STATES
SECURITIES AND EXCHANGE COMMISSION
Washington,
D.C. 20549
SCHEDULE
13G
Under
the Securities Exchange Act of 1934

(Amendment No.
02)*
MINDBODY, Inc. 

(Name
of Issuer)
Common Stock

(Title of Class of Securities)

60255W105

(CUSIP Number)

March 31, 2016

(Date of Event Which Requires Filing of this Statement)


Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

x
Rule
13d-1(b)

o
Rule
13d-1(c)

o
Rule
13d-1(d)
*
The remainder of this cover page shall be filled out for a reporting person’s
initial filing on this form with respect to the subject class of securities,
and for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The
information required in the remainder of this cover page shall not be deemed to
be “filed” for the purpose of Section 18 of the Securities Exchange Act of
1934 (“Act”) or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).


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