JAT Capital Purchases Over Ten Million Shares of Groupon

JAT Capital Purchases Over Ten Million Shares of Groupon
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JAT Capital Purchases Over Ten Million Shares of Groupon

JAT Capital shook up its top holdings by adding a major new position in Liberty Media Corp (Capital) (NASDAQ:LMCA) and Sprint Nextel Corporation (NYSE:S), according to the latest 13f. The publicly disclosed portfolio has large stakes in technology stocks.

Tech Stocks

JAT Capital initiated holdings in Google Inc (NASDAQ:GOOG) with 164,227 shares, and Priceline.com Inc (NASDAQ:PCLN) with 143, 295 shares. Groupon Inc (NASDAQ:GRPN) was increased more than 1000 percent, taking the total shares owned to 10.1 million. Groupon Inc (NASDAQ:GRPN) has come up as a frequent buy in the latest holdings disclosed by other hedge funds as well. Paul Tudor, Tiger Global and George Soros also bought stakes in the daily deals company.

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Facebook Inc (NASDAQ:FB), which is also JAT’s fifth largest holding was also increased, the firm now holds 6.1 million shares of the company.

Apple Inc. (NASDAQ:AAPL) was reduced by 61 percent. JAT Capital now holds 189,098 shares of the company. In Q2, Apple Inc. (NASDAQ:AAPL) was JAT Capital’s largest long equity holding. More than 4 million shares of eBay Inc (NASDAQ:EBAY) were sold in the last quarter, which dethroned eBay Inc (NASDAQ:EBAY) from being Q2’s fourth largest holding. Expedia Inc (NASDAQ:EXPE), the online travel company was also cut in the last quarter.

The hedge fund’s stake in Linkedin Corporation (NYSE:LNKD), salesforce.com, inc. (NYSE:CRM), Akamai Technologies, Inc. (NASDAQ:AKAM) and Amazon.com, Inc. (NASDAQ:AMZN) were cleared out in the last quarter.

 Sprint Nextel Corporation (NYSE:S)

JAT Capital bought over 24.8 million shares of the wireless communications company in Q3. Sprint Nextel Corporation (NYSE:S) is up 136 percent year to date due in part to the agreement with Softbank to aquire a 70 percent stake in the company. Sprint is also looking to expand its spectrum by acquiring Clearwire Corporation (NASDAQ:CLWR).

Sprint Nextel Corporation (NYSE:S) was a major holding of David Einhorn, the stake was cut by more than 50 percent in the last quarter. Omega Advisors also owns over 42.8 million shares of Sprint, the holding was reduced slightly in Q3. Chou Associates cut their position in Sprint by 50 percent in the last quarter.

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