What Hedge Funds Have To Say About Twitter

Though we don’t track Barac Capital Management LLC in our database, there were several other hedge funds that displayed similar sentiment towards Twitter as Barac Capital, by increasing their stakes in the company during the second quarter. Among them were Cliff Asness‘ AQR Capital Management, which multiplied its stake by a whopping 38 times to 814,578 shares, and Peter Muller‘s PDT Partners which bought an additional 145,582 shares of the company.

There is no argument that Twitter currently faces multiple issues which includes finding a permanent CEO,  growing its stagnating user base, and monetizing its platform more efficiently, but to give the company some credit, in the past few months it has started working on resolving some of these issues. Yesterday it announced that it is partnering with Bloomberg to improve the financial alerts on Bloomberg Terminal with data from Twitter’s platform. According to recent media reports, it has also formed a joint venture with Google to develop a product that will compete with Facebook’s recent articles. Although one hopes for Twitter’s investors that these measures that the company is taking and the efforts it is putting in bear some fruit in the future, with smart money getting out of the stock in droves it doesn’t seem like a new catalyst will emerge and send the stock soaring anytime soon.

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