Top TMT Hedge Funds manage $188 billion, Egerton Capital and LMR Partners lead list higher
|November 2nd, 2015||
|The latest Top Technology, Media and Telecom Hedge Fund list has been released, revealing that the top 75 Funds currently manage $182 billion in assets. Overall, the Top 75 TMT Hedge Funds have seen their equity assets jump by a combined $26.3 billion, or 16.9% year-to-date. |
Notably, twenty-one of the hedge funds on the TMT list have seen their assets increase by more than $200 million this year. Leading the gainers are Hillhouse Capital Management (+$2.1B), Tiger Global Management (+$1.3B) and Blue Ridge Capital (+678M).
For the third consecutive quarter, Steve Mandel’s Lone Pine Capital held on to the top spot on the list. Lone Pine’s sector favorites include 6.4% of its portfolio in JD.com (JD), 5.2% in Microsoft Corp (MSFT), 4.1% in Charter Communications (CHTR), and 3.7% in Facebook (FB).
Not surprisingly, Manhattan is home to 42 of the top 75 TMT funds. While Manhattan is king, the Bay Area is still very much relevant, claiming the headquarters for 9 of the top hedge funds.
Ranking Methodology: The Top 50 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 the Top Hedge Fund portal. .
For Detailed Investor Profiles on these Investors, click below: