Liberty Interactive (Interactive group) (LINTA): Jonathon Jacobson and Other Investors Turn Pessimistic


If you have been wondering if Liberty Interactive (Interactive group) (NASDAQ:LINTA) represents an attractive investment opportunity, the latest round of 13F filings can help you answer this question. As Insider Monkey (a website that specializez in tracking hedge funds’ activity) show, many prominent investors are in a pessimistic mood. According to the database, the number of long hedge fund bets retreated by seven during the third quarter of 2014.

Let’s view the fresh action regarding Liberty Interactive (Interactive group) (NASDAQ:LINTA) in more detail. How have hedgies been trading Liberty Interactive (Interactive group) (NASDAQ:LINTA)?

According to their database, at the end of the third quarter, a total of 80 of the hedge funds tracked by Insider Monkey were bullish on Liberty Interactive, which represents a slump of 8% from the second quarter. However, there are several important investors, whose sentiment should not be overlooked.

One of them is, Peter Adam Hochfelder’s Brahman Capital, which had the largest position in Liberty Interactive (Interactive group) (NASDAQ:LINTA), worth close to $271.4 million (5.9% of its total 13F portfolio). Brahman Capital is followed closely by D. E. Shaw of D E Shaw, with a $210.2 million position; 0.3% of its 13F portfolio is allocated to the stock. Other funds that hold long positions are Bob Peck and Andy Raab’s FPR Partners, Charles de Vaulx’s International Value Advisers and Ken Griffin’s Citadel Investment Group, among others.

In this way, seeing as Liberty Interactive (Interactive group) (NASDAQ:LINTA) has faced falling interest from the smart money, there are several former shareholders that chose to sell out their stakes during the third quarter. One of them is Jonathon Jacobson’s Highfields Capital Management, which is the largest former shareholder, previously owning around $141.3 million worth of stock. Then there is Neil Chriss of Hutchin Hill Capital, which dumped around $57 million worth.

Following this activity is important because an average investor can use many strategies to pick profits from trading public stocks, however, a couple of the most under-the-radar formulas are hedge fund and insider trading indicators. Experts at Insider Monkey have shown that those who follow the best picks of some the best investment managers, can historically outperform the broader market by a significant margin (see the details here).

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