Robert Pitts Jr.'s hedge fund firm Steadfast Capital has filed a 13G with the SEC regarding shares of Trivago (TRVG). Per the filing, Steadfast now owns 5.4% of the company with over 1.60 million shares.
This is an increase of over 1.05 million shares since the end of the first quarter when they owned 550,074 shares. The filing was made due to activity on June 14th.
We've previously highlighted how Foxhaven Asset Management has also built a Trivago stake.
Per Google Finance, Trivago "operates an online hotel search platform. The platform allows users to search for, compare and book hotels. It gathers information from various third parties' platforms and provides information about the hotel, pictures, ratings, reviews and filters, such as price, location and extra options. The Company offers access to approximately 1.3 million hotels in over 190 countries via more than 50 localized websites and applications in various languages. The Company also offers marketing tools and services to hotels and hotel chains, as well as to online travel agencies and advertisers, among others. Its principal executive offices are located in Germany."
Tuesday, June 27, 2017
Steadfast Capital Boosts Trivago Position
Monday, May 23, 2016
Steadfast Capital Files 13G on Windstream
Robert Pitts Jr.'s hedge fund firm Steadfast Capital has filed a 13G on Windstream (WIN). Per the filing, Steadfast nows 5.1% of WIN with over 4.92 million shares.
The filing was made due to activity on May 9th and this is a newly disclosed long.
For more from this hedge fund, head to see what other stock Steadfast recently disclosed a stake in.
Per Yahoo Finance, Windstream "provides network communications and technology solutions for consumers, businesses, enterprise organizations, and carrier partners in the United States."
Monday, May 2, 2016
Steadfast Capital Starts GrubHub Stake
Robert Pitts, Jr.'s hedge fund firm Steadfast Capital has filed a 13G with the SEC regarding shares of GrubHub (GRUB). Per the filing, Steadfast now owns 5.1% of the company with over 4.31 million shares.
This is a newly disclosed equity position for the firm. The filing was made due to activity on April 19th. GRUB became publicly traded late last year.
About Steadfast Capital
This is the first time Steadfast Capital has been covered on the site. The fund was founded by Robert Pitts, Jr. after working at Julian Robertson's Tiger Management. As such, Steadfast is one of the many so-called 'Tiger Cub' funds. Steadfast's most recent 13F filing reported assets of $5.2 billion, but keep in mind that doesn't include any of their international positions/exposure.
Per Google Finance, GrubHub "is an online and mobile platform for restaurant pick-up and delivery orders. The Company connects more than 30,000 local restaurants with diners in more than 800 cities across the United States. The Company’s target market is primarily composed of independent restaurants. The Company provides diners on the platform with a personalized platform that helps them search for local restaurants and then place an order from an Internet-connected device. It also provides diners with information about their orders and status. In addition, the Company enables re-ordering by storing previous orders, preferences and payment information. The Company’s products include GrubHub and seamless Websites, GrubHub and seamless mobile applications and mobile Website, seamless corporate program, allmenus and menupages, orderhub and boost, restaurant Websites and delivery."
