HedgeTracker announces new addition to its top hedge funds lists - Top 75 Technology, Media & Telecom Focused Hedge Funds

April 28th, 2014
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HedgeTracker is excited to announce the release of the Top 75 Technology, Media & Telecom Focused Hedge Funds list - the newest addition to its selection of top hedge fund lists. The Top 75 TMT Hedge Fund List includes the top hedge funds with more than 50% of their current U.S. equity assets invested in Technology, Media & Telecom companies. This quarter’s list reveals that the top 75 TMT Funds currently manage almost $140 billion in equity assets, allocating $91 billion, or 65% of their equity assets to TMT stocks.

This quarter’s list is led by Philippe Lafont’s Coatue Capital with $8.9 billion devoted to TMT, or more than 87% of equity assets under management. The vast majority of Coatue’s TMT assets fall within Tech and Telecom, including CBS Corp (CBS), Apple Inc (AAPL) and Time Warner Inc (TWX). Over the last quarter, Coatue liquidated its entire stake in Equinix (EQIX), previously its top holding, worth more than $820 million.

27 funds on the top 75 list invested more than 75% of their U.S. equity assets in TMT companies. This includes Andor Capital Management (91% of US equity assets in TMT companies), Crosslink Capital (90%) and Dorsal Capital Management (90%). Andor (#14 on the list) is a technology-focused hedge fund that primarily emphasizes stocks related to information technology, Internet, communications and media industries.

Crosslink Capital, number 25 on the list, is a venture capital and hedge fund manager founded by Partner Seymour 'Sy' Kaufman and General Partner Michael Stark. Prior to founding Crosslink, Mr. Kaufman and Mr. Stark both worked at Robertson Stephens as head of investment banking and Director of Research, respectively. The firm primarily invests in private and public growth companies in five principal sectors, including: Energy Technologies, Communication Services & Infrastructure, Computing & Semiconductors, Digital Media & Internet Services, and Software & Business Services.

Dorsal, which was founded in 2009 by Chief Investment Officer Ryan Frick and lead Portfolio Manager Oliver Evans, pursues investment opportunities in the technology and consumer sectors and is #39 on this quarter’s list. Prior to founding Dorsal, both partners were technology portfolio managers at Steven Cohen’s SAC Capital, which provided seed capital for Dorsal’s launch.

Ranking Methodology: The Top TMT Hedge Fund rankings are compiled on a quarterly basis using hedge fund firms' overall U.S. equity assets under management. The TMT list includes the top hedge funds that have more than 50% of their U.S. equity assets invested in U.S. listed Technology, Media and Telecom companies. To view the Top TMT Hedge Fund list in its entirety, please visit Hedge Tracker’s Hedge Fund Portal.
For Detailed Investor Profiles on these Investors, click below:
Andor Capital Management
Coatue Capital
Crosslink Capital
Dorsal Capital Management
Point72 Asset Management (SAC Capital)
Related People: ; Douglas Haynes (President); Chandler Bocklage*; Dan Benton; David Scully (CMO); Jeff Barnett; Michael Stark; Oliver Evans; Peter Nussbaum*; Philippe Laffont; Ryan Frick; Seymour Sy Kaufman; Sol Kumin*; Steven A. Cohen; Ted Orenstein*; Thomas Laffont; Tom Bliska (PM); Tom Conheeney*
Related Entities: Andor Global Hedge Fund; Andor Technology; Andor Technology Perennial Fund; Canvas Capital*; Coatue Capital; Coatue Offshore funds; Coatue Qualified Partners LP; CR Intrinsic Investors*; Crosslink Crossover Fund; Crosslink Omega III Holdings LLC; Crosslink Partners LP; Crosslink Partners Offshore; Crosslink Ventures V LP; Cubist Systematic Strategies; Dorsal Capital Partners LP; EverPoint Asset Management; Pequot Capital Management*; S.A.C. Global Investors; SAC Meridian; SAC MultiQuant; Sigma Capital Mgmt; Walter Capital*
Related Article Tags: Investment Management, Fund Manager and General Financial News


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