Twitter, Tesla Motors Inc, LinkedIn Corp: Hedge Fund JAT Capital’s Picks Dominated The Market in Q1

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Next on JAT Capital’s list was Netflix, Inc. (NASDAQ:NFLX). At the beginning of 2015, JAT Capital held 258,000 shares at a value of $88 million. Thaler increased the firm’s position in Netflix, Inc. (NASDAQ:NFLX) in the last quarter of 2014 by 12% to a 3.38% position of the JAT Capital’s portfolio. Netflix, Inc. (NASDAQ:NFLX) surged 22% for the first quarter of 2015. Investors appear bullish on Netflix as the company appears to be transforming the space of digital tv.

Other major holders in Netflix are Julian Robertson’s Tiger Management and Philippe Laffront’s Coatue Management.

LinkedIn Corp (NYSE:LNKD) was another winner in JAT Capital’s portfolio. As of the beginning of 2015, JAT Capital disclosed a 200,000 share position in LinkedIn Corp (NYSE:LNKD) valuing the investment at $46 million. Thaler basically made no changes to the firm’s position in LinkedIn Corp (NYSE:LNKD) which represents a 1.77% in the firm’s equity holdings. The stock gained 8.7% for the first quarter of 2015. LinkedIn Corp (NYSE:LNKD) appeared on our list of hedge fund’s favorite stocks with 48 funds reporting ownership of $3.08 billion worth of the company’s stock, versus 45 funds with $2.75 billion worth of stock in the previous quarter.

The stocks that didn’t help his portfolio were Yahoo! Inc. (NASDAQ:YHOO) and Tesla Motors Inc (NASDAQ:TSLA). At the beginning of 2015, JAT Capital held 6.8 million shares of Yahoo! Inc. (NASDAQ:YHOO) at an investment of $345 million. It was the second largest position for JAT at 13.22% of the overall portfolio.  Yahoo faces increased competition and will likely lose its position in online advertising to Twitter as mentioned earlier. Thaler, likely wary of this, began cutting the firm’s position in the stock by 23% in the last quarter of 2014. Yahoo fell 12% in the first quarter of 2015.

JAT Capital also took a significant hit with Tesla Motors Inc (NASDAQ:TSLA). In the beginning of the year the firm held 684,000 shares valued at $152 million. Tesla Motors Inc (NASDAQ:TSLA) accounts for 5.8% of JAT Capital’s portfolio but the firm’s position in the stock declined by 28% in the last quarter of 2014. Tesla Motors Inc (NASDAQ:TSLA) fell 15% for the first quarter of 2015 as investors remain skeptical of the company’s plans to transform the auto industry.

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