On the other hand, in Zendesk Inc (NYSE:ZEN), Jericho cut its stake by 33% over the quarter to 2.95 million shares valued at $77.87 million at the end of June. In the following three months, the stock advanced by 16.4%. Overall, 27 funds from our database held shares of Zendesk at the end of the second quarter, down by one from the end of March. Alex Sacerdote’s Whale Rock Capital Management had the most valuable position in Zendesk Inc (NYSE:ZEN), worth close to $95.9 million. Columbus Circle Investors, Polar Capital, and Crosslink Capital also reported valuable positions in the company as of the end of June.
Another new position in Jericho Capital’s equity portfolio was represented by Dicks Sporting Goods Inc (NYSE:DKS), in which Jericho amassed a $58.08 million holding containing 1.29 million shares during the second quarter. Buying the stock was a right move, as it surged by over 26% in the following three months. Aside from Jericho, 25 other funds from our database also benefited from Dicks Sporting Goods’ third-quarter growth. Among these funds, Glenhill Advisors held the most valuable stake in Dicks Sporting Goods Inc (NYSE:DKS), which was worth $86.5 millions at the end of the second quarter. On the second spot was Hoplite Capital Management which amassed $84.8 millions worth of shares. Moreover, Citadel Investment Group, Scopus Asset Management, and Jericho Capital Asset Management were also bullish on Dicks Sporting Goods Inc (NYSE:DKS).