John Thaler’s hedge fund, JAT Capital Management, has filed its 13F with the SEC. Here’s a look at the most important holdings in the portfolio. The fund is down over 20% as of June 30th
The top five listings in the portfolio are Apple Inc. (NASDAQ:AAPL), which occupies 12.4%, CBS Corporation (NYSE:CBS) at 9.91%, Expedia Inc (NASDAQ:EXPE) with 9.60%, eBay Inc (NASDAQ:EBAY) with 8.94%, and Akamai Technologies, Inc. (NASDAQ:AKAM) who makes up 5.66%.
Partners Group provides capital for Taxfix, Litera
Partners Group Private Equity gained in May. The net asset value for Class I rose 3.5%, while the net asset value for Class A grew 3.4%. The total fund size increased to $5.6 billion. For the first five months of the year, Class A is down 4.4%, while Class I is down 4.2%. Q1 2020 Read More
Their newly opened positions include Apple Inc. (NASDAQ:AAPL), who holds 12.4% as mentioned above, Expedia Inc (NASDAQ:EXPE), which equals 9.61%, also mentioned above, Akamai Technologies, Inc. (NASDAQ:AKAM) at 5.66%, and included in top five holdings, Wyndham Worldwide Corporation (NYSE:WYN) comes in fourth at 5.51%, with salesforce.com, inc. (NYSE:CRM) rounding out the top 5 at 4.77%.
JAT also exited several positions last quarter, and they include Tempur-Pedic International Inc. (NYSE:TPX), which consisted of 9.82% of the portfolio, Baidu.com, Inc. (NASDAQ:BIDU) at 6.43%, Ralph Lauren Corp (NYSE:RL), consisting of 5.96%, Netflix, Inc. (NASDAQ:NFLX) who held 4.82%, and Priceline.com Inc (NASDAQ:PCLN), who totalled 4.48%.
JAT is one of the few hedge funds who disclosed owning Facebook Inc (NASDAQ:FB) shares as of June 30. The stock has continuously plummeted and has reduced itself by nearly half. In the ashes of its botched IPO, the company never saw its stock reach its initial price after the first couple days of trading. The initial price offering was $38 per share, and it now trades closer to $20 per share. This has left investors all across the market bleeding losses, as they try to recoup.
John Thaler has proven himself as a valuable asset at several companies before founding JAT, including Spectrum Equity Investors of Boston, and Shumway Capital Partners of New York. His time at Spectrum was focused on the technology, media, and telecommunications sectors, which may offer insight to JAT’s preferred investments.
The New York City based company focuses on these three sectors, holding shares in tech giants like Apple Inc. (NASDAQ:AAPL) and Expedia. They also show a distinct edge in the media sector, with a large stake in CBS. Thaler has earned a reputation as a cunning investor through his long/short hedge fund, and has, in the process, made a handsome living for himself, and his investors.