John Thaler's hedge fund JAT Capital has disclosed a new stake in Angie's List (ANGI), per a 13G filed with the SEC. JAT has revealed they own 5.5% of ANGI with over 3.1 million shares. The filing was required due to activity on February 3rd.
Angie's List has been a popular short target among other hedge funds, so it seems they've taken a variant viewpoint. JAT's primary focus has always been on the TMT sectors and Thaler launched his fund after previously working at Shumway Capital.
Per Google Finance, Angie's List is "operates a consumer-driven service for members to research, hire, rate and review local professionals for critical needs, such as home, health care and automotive services."
Friday, February 7, 2014
John Thaler's JAT Capital Starts Angie's List Stake
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