Liberty Global Plc (LBTYK): Lou Simpson, Tony Chedraoui, and John Burbank Are Newly Bullish


Is Liberty Global Plc (NASDAQ:LBTYK) a buy right now? Money managers are in a bullish mood. The number of bullish hedge fund positions inched up by 2 lately. LBTYK was in 89 hedge funds’ portfolio at the end of September. There were 87 hedge funds in our database with LBTYK holdings at the end of the previous quarter. Respected money managers like Lou Simpson, Tony Chedraoui, and John Burbank initiated brand new positions in the stock

To most stock holders, hedge funds are perceived as unimportant, outdated financial vehicles of the past. While there are over 8000 funds trading at the moment, Hedge fund experts at Insider Monkey look at the leaders of this club, approximately 700 funds. These hedge fund managersshepherd the lion’s share of the smart money’s total asset base, and by monitoring their finest investments, Insider Monkey has deciphered numerous investment strategies that have historically outstripped the S&P 500 index. Insider Monkey’s small-cap hedge fund strategy outperformed the S&P 500 index by 18 percentage points a year for a decade in their back tests.

With all of this in mind, let’s view the fresh action regarding Liberty Global Plc (NASDAQ:LBTYK).

Hedge fund activity in Liberty Global Plc  (NASDAQ:LBTYK)

At the end of the third quarter, a total of 89 of the hedge funds tracked by Insider Monkey were bullish in this stock, a change of 2% from one quarter earlier. With hedge funds’ capital changing hands, there exists a few notable hedge fund managers who were boosting their holdings significantly.

When looking at the hedgies followed by Insider Monkey, Eagle Capital Management, managed by Boykin Curry, holds the largest position in Liberty Global Plc (NASDAQ:LBTYK). Eagle Capital Management has a $1.3599 billion position in the stock, comprising 5.3% of its 13F portfolio. On Eagle Capital Management’s heels is John H. Scully of SPO Advisory Corp, with a $928.4 million position; the fund has 12.1% of its 13F portfolio invested in the stock. Some other members of the smart money with similar optimism comprise D. E. Shaw’s D E Shaw, William B. Gray’s Orbis Investment Management and Chase Coleman and Feroz Dewan’s Tiger Global Management LLC.

With a general bullishness amongst the heavyweights, key hedge funds and investors were leading the bulls’ herd. SQ Advisors, managed by Lou Simpson, initiated the largest position in Liberty Global Plc (NASDAQ:LBTYK). SQ Advisors had 173.1 million invested in the company at the end of the quarter. John Burbank’s Passport Capital also made a $118.4 million investment in the stock during the quarter. The other funds with new positions in the stock are Andreas Halvorsen’s Viking Global, Robert Pitts’s Steadfast Capital Management, and Tony Chedraoui’s Tyrus Capital.

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