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Twitter Inc (TWTR) Falls on Mixed Earnings Reaction; Fitbit Inc (FIT) Up on Q2 Beat Expectations

Hedge fund activity in Twitter Inc (NYSE:TWTR)

According to Insider Monkey database, John Thaler‘s JAT Capital Management held the biggest position in Twitter Inc (NYSE:TWTR), which contained 7.26 million shares worth close to $363.7 million, accounting for 9.8% of its total 13F portfolio. JAT Capital Management is followed by OZ Management, led by Daniel S. Och, which held a $225.5 million position with 4.5 million shares. Other peers that are bullish encompass Daniel Benton’s Andor Capital Management, Jim Simons‘ Renaissance Technologies and David E. Shaw’s D.E. Shaw & Co., L.P..

As industry-wide interest jumped, key money managers were leading the bulls’ herd. It should be pointed out that OZ Management established its stake in Twitter Inc (NYSE:TWTR) just in the first quarter. Another previously-mentioned investor, Renaissance Technologies, also bought 2.62 million shares during the same quarter. The following funds were also among the new Twitter investors: Peter Muller’s PDT Partners, Doug Gordon, Jon Hilsabeck and Don Jabro’s Shellback Capital, and Nick Niell’s Arrowgrass Capital Partners.

Because hedge funds love Twitter Inc (NYSE:TWTR), Insider Monkey also recommends buying the stock.

Disclosure: None

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