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As more and more consumers move to shopping from home, companies are only too happy to fill the need – no overhead to pay and less staff to employ. Hedge fund managers also see the value. Online retailers, catalog and mail order companies are wildly popular with hedge funds. Here is a list of the favorite shop-at-home companies amongst the hedge funds we track:

eBay, Inc. (NASDAQ:EBAY): Of the 300+ hedge funds we track, 57 had positions in EBAY at the end of the third quarter, up from 49 at the end of the second quarter. Total hedge fund investment in EBAY shrank somewhat in the third quarter, weighing in at $2.16 billion at the end of September compared with $2.60 billion at the end of June. Eric Mindich’s Eton Park Capital is a fan of the online auction house. The fund increased its position in the company by +106% to close the third quarter at $272.78 million.

Amazon.com, Inc. (NASDAQ:AMZN): There were 54 hedge funds invested in AMZN at the end of the third quarter, up from 52 at the end of June. Their collective positions totaled roughly $3.70 billion. This figure was marginally lower than the total volume of hedge fund investment in AMZN at the end of the second quarter, when total hedge fund investment in the company weighed in at $3.76 billion. Ken Fisher’s Fisher Asset Management had more than $547.33 million invested in AMZN at the end of the third quarter.

Liberty Interactive, Inc. (NASDAQ:LINTA): LINTA was a top holding for 40 hedge funds at the end of the third quarter, for a combined total investment of $1.89 billion. The number of hedge funds invested in the company increased from 38 at the end of the second quarter, although the volume of hedge fund investment in the company slipped from $2.16 billion.

HSN, Inc. (NASDAQ:HSNI): HSNI was a top holding for Lee Ainslie’s Maverick Capital at the end of September after the fund initiated a new $26.67 million position in the company during the third quarter. Maverick was just one of the 21 hedge funds invested in HSNI at the end of September, up from 16 at the end of the second quarter. The total volume of hedge fund investment in the company also increased, going from $121.88 million at the end of June to weigh in at $129.23 million at the end of September.

InterActive Corp. (NASDAQ:IACI): Just 19 hedge funds owned positions in IACI at the end of the third quarter, slipping slightly from 20 at the end of the second quarter. The total volume of hedge fund investment in the company did however increase in the third quarter, moving from $280.01 million at the end of June to $282.58 million at the end of September. Chase Coleman’s Tiger Global Management is a fan of IACI. The fund upped its stake in the company by +25% in the third quarter to close September with a position worth $46.77 million.

Stamps.com, Inc. (NASDAQ:STMP): Hedge fund investment in STMP increased dramatically in the third quarter. The total number of hedge funds invested in the company increased from just four at the end of June to 12 at the end of September. In turn, the total volume of hedge fund investment more than doubled, going from $26.03 million at the end of the second quarter to finish the third quarter at $54.69 million. Jim Simons’ Renaissance Technologies upped its stake in the company by +2% during the third quarter to end September at $18.35 million, while hedge funds like Mark Broach’s Manatuck Hill Partners, Richard Driehaus’ Driehaus Capital and Donald Chiboucis’ Columbus Circle Investors were amongst those that opened new positions in STMP during the third quarter.

Overstock.com, Inc. (NASDAQ:OSTK): The number of hedge funds invested in OSTK increased from five the end of the second quarter to six at the end of the third quarter, but the total volume of that investment slipped, moving from $88.28 million at the end of June to $54.54 million at the end of September. Prem Watsa’s Fairfax Financial Holdings, Francis Chou’s Chou Associates Management and Ken Griffin’s Citadel Investment Group are fans of the company.



Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

Source: Hedge Funds' Favorite Shop-At-Home Companies