Balyasny Asset Management Adds To Restoration Hardware Holdings

Dmitry Balyasny's hedge fund firm Balyasny Asset Management has filed a 13G with the SEC regarding its stake in Restoration Hardware (RH).  Per the filing, Balyasny now owns 5.41% of the company with over 2.2 million shares.

This marks an increase in their position size of over 1.85 million shares since the end of the third quarter of 2016.  The filing was made due to activity on January 30th.

Per Google Finance, Restoration Hardware is "a luxury retailer in the home furnishings marketplace. The Company offers merchandise assortments across a range of categories, including furniture, lighting, textiles, bathware, decor, outdoor and garden, tableware, and child and teen furnishings. The Company classifies its sales into furniture and non-furniture product lines. The Furniture category includes both indoor and outdoor furniture. The Non-furniture category includes lighting, textiles, accessories and home decor. As of October 29, 2016, the Company operated a total of 85 retail galleries, consisting of 51 legacy Galleries, six larger format Design Galleries, seven next generation Design Galleries, one RH Modern Gallery and five RH Baby & Child Galleries throughout the United States and Canada, as well as 15 Waterworks showrooms in the United States and in the United Kingdom. In addition, as of October 29, 2016, the Company operated 28 outlet stores."

Eminence Capital Discloses Restoration Hardware Position

Ricky Sandler's hedge fund firm Eminence Capital has filed a 13G with the SEC regarding shares of Restoration Hardware (RH).  Per the filing, Eminence now owns 3.1% of the company with over 1.25 million shares.

This is a newly disclosed position as the firm did not report owning a stake at the end of 2015 in their latest 13F filing.  The new 13G filing was made due to portfolio activity on February 25th.

Shares of RH have absolutely cratered over the past three months, falling from $105 down to current levels of $38.

Per Google Finance, Restoration Hardware is "The Company, together with its subsidiaries, is a luxury home furnishings retailer that offers various categories, including furniture, lighting, textiles, bathware, decor, outdoor and garden, tableware and children's furnishings. These products are sold through the Company's stores, catalogs and Websites. The Company operated a total of approximately 67 retail stores and over 17 outlet stores in approximately 29 states, the District of Columbia and Canada, and had sourcing operations in Shanghai and Hong Kong. The Company's retail stores are located primarily in upscale malls and street locations. The Company operates stores in Alabama, Arizona, California, Colorado, Connecticut, Florida, Massachusetts, Michigan, New York, Pennsylvania, Texas, Tennessee and British Columbia, among others."

Tiger Global Raises Restoration Hardware Stake

Chase Coleman and Feroz Dewan's hedge fund Tiger Global has filed a 13G with the SEC regarding shares of Restoration Hardware (RH).  Per the filing, Tiger Global has revealed a 6.4% ownership stake in RH with over 3.19 million shares.

This marks an increase of over 1.25 million shares since the end of the first quarter.  The filing was made due to activity on June 2nd.

You can view additional recent portfolio activity from Tiger Global here.

Per Google Finance, Restoration Hardware is "a holding company. The Company is merchants of home furnishings. Restoration Hardware Holdings offers merchandise assortments across a number of categories, including furniture, lighting, textiles, bath ware, decor, outdoor, garden, and baby and child products. The Company’s business is integrated across its multiple channels of distribution, consists of its stores, catalogs and Websites."