Top Technology, Media & Telecom Hedge Funds up 8.8%, $100M+ Gainers drive Performance

July 26th, 2015
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The latest Top Technology, Media and Telecom Hedge Fund list has been released, revealing that the top TMT Funds currently manage $155 billion in assets. Overall, the Top 50 TMT Hedge Funds saw their equity assets jump by an impressive $12.6 billion, or 8.8% during this past quarter.

Seventeen of the hedge funds on the TMT list saw their assets increase by more than $100 million during the quarter. Leading the gainers were Hillhouse Capital Management Ltd. (+$1.1B), JAT Capital Management (+$1.1B) and Hitchwood Capital Management (+725B).

For the second consecutive quarter, Steve Mandel’s Lone Pine Capital held on to the top spot on the list. Lone Pine’s sector favorites include 6.6% of its portfolio in thePriceline Group (PCLN), 4.8% in JD.com (JD), 4.7% in Baidu Inc (BIDU), 3.8% in Adobe Systems (ADBE) and 3.6% in Apple (AAPL).

With $9.6 billion in TMT Assets, Philippe Laffont’s Coatue Capital hung on to the #2 spot on the list for the second consecutive quarter. Coatue’s sector favorites include 9.1% of its portfolio in Apple (AAPL), 8.4% in Avago Technologies (AVGO), 7% in Netflix (NFLX), 6.6% in Charter Communications (CHTR), 6.2% in Facebook (FB).

Not surprisingly, Manhattan is home to 28 of the top TMT funds. While Manhattan is king, the Bay Area is still very much relevant, claiming the headquarters for 8 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:
Coatue Capital
Hitchwood Capital Management
JAT Capital Management
Lone Pine Capital
Related People: David Craver; David Sanford; David Scully (CMO); Guy Baron; James Crichton; John Thaler; Kerry Tyler; Lu Chen; Mala Gaonkar; Marco Tablada; Michael Wrick; Philippe Laffont; Steve Mandel; Steve Mandel; Thomas Laffont
Related Entities: Coatue Capital; Coatue Offshore funds; Coatue Qualified Partners LP; Hitchwood Capital ll; Hitchwood Capital Ltd; Hitchwood Capital Master Fund; JAT Capital Domestic; JAT Capital Offshore; JAT Capital Partners; Lone Balsam LP; Lone Cascade; Lone Cypress Funds; Lone Dragon Pine; Lone Juniper; Lone Pine Capital (LPC); Lone Pine Sierra LP; Lone Sequoia LP; Lone Spruce LP; Tiger Management*
Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News; Top Hedge Fund Portfolio Reports


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