Virgin Media Inc. (VMED), Kayak Software Corp (KYAK) Among Havens Advisors’ Best Investments

Hedge funds and other prominent investors are required to file their quarterly equity positions with the SEC in 13F filings, within 45 days after the end of each calendar quarter. We’re going to take a look at the first quarter filing of Havens Advisors, managed by Nancy Havens-Hasty. The highlights from the story are: Virgin Media Inc. (NASDAQ:VMED), Cymer, Inc. (NASDAQ:CYMI), and Kayak Software Corp (NASDAQ:KYAK).

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Why is this important?

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A top trio

Virgin Media Inc. (NASDAQ:VMED) is a new position in the equity portfolio of Havens Advisors. However, the stake is the most valuable, according to the most recent 13F filing with the SEC. Havens Advisors reported ownership of 304,000 shares, the value of the stake amounting to almost $14.9 million. According to our database, 31 other funds held shares of Virgin Media Inc. (NASDAQ:VMED) heading into 2013. The stock of the Virgin Media Inc. (NASDAQ:VMED) has a year-to-date return of about 36% and it is trading at a forward P/E of 0.25.

The fund was bearish on Cymer, Inc. (NASDAQ:CYMI), decreasing the holding to 146,300 shares, from 223,000 shares disclosed in the previous 13F. The current value of the stake amounts to $14 million, down from almost $20.2 million. There are 20 other funds who held Cymer, Inc. (NASDAQ:CYMI) in their 13F portfolio at the end of the last year. The stock of Cymer, Inc. (NASDAQ:CYMI) has a year-to-date return of 18.72% and it is trading at a forward P/E of 36.7x. Cymer, Inc. (NASDAQ:CYMI) is engaged in the production of light sources for the photolithography process, related to the manufacturing of semiconductors or chips.

Havens Advisors increased their holdings of Kayak Software Corp (NASDAQ:KYAK) by 180,263 shares to 310,263 shares in the most recent 13F. The current value of the stake is $12.4 million, up from $5.1 million reported in the previous 13F. Aside from Nancy Havens-Hasty’s fund, seven other funds were invested in Kayak Software Corp (NASDAQ:KYAK) at the end of last year. The year-to-date return of Kayak Software Corp (NASDAQ:KYAK) is 2.36%, while it is trading at a forward P/E of below 30.4.  Kayak Software Corp (NASDAQ:KYAK) is engaged in online travel search services. Last year, Kayak was acquired by Priceline.com Inc (NASDAQ:PCLN).

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