Philippe Laffont's hedge fund Coatue Management has just filed an amended 13G with the SEC regarding Equinix (EQIX). The filing indicates that they no longer own a position in the company as of December 31st, 2013.
This is significant news when you consider EQIX had been one of Coatue's top holdings for quite some time. At the end of the third quarter, they owned a stake worth over $820 million and so they liquidated their stake during the fourth quarter when shares traded between $152 and $185.
Earlier, we also pointed out JANA Partners' thesis on EQIX as they have built up a stake in the company throughout 2013.
Tuesday, February 11, 2014
Coatue Management Dumps Longstanding Equinix Position
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