Only one fund and I'm not particularly impressed with their timing as they went over 5% ownership on 27 November, meaning they were buying up through $8.75 or so right before the revenue/earnings warning and fall to $7.50. They invest in some very risky stuff and have plenty of losses.
Steadfast Hopes For Something Good in Pandora’s Box
A 13G filed with the SEC has disclosed that Steadfast Capital Management crossed the 5% ownership threshold in Pandora Media Inc (NYSE:P) in late November and most recently owned 8.9 million shares of the company’s stock, representing 5.3% of the total shares outstanding.
Billionaire Ken Griffin’s Citadel Investment Group increased its stake in the company to 2.7 million shares (find more stock picks from Ken Griffin).
Crosslink Capital, which is co-managed by Michael Stark and Sy Kaufman, owned a little under 34 million shares of Pandora Media Inc at the end of the third quarter; it was by far their largest position in a publicly held company (check out more of Crosslink's top stocks). Crosslink had invested in Pandora when it was privately held.