These Notable Hedge Funds Rushed into News Corp. in Q2


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September 13, 2012 9:16 AM EDT Send to a Friend
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News Corp. (Nasdaq: NWSA) has been all the rage lately...at least, as far as hedge funds are concerned.

Notable hedgies increasing positions in Rupert Murdoch's venerable media giant -- which is the parent company of Fox, Dow Jones, and HarperCollins -- from the first to second quarters include:
  • Highfields Capital - new 37,365,400 stake, or about 2.4 percent;

  • Eton Park Capital Management - added 2,000,000 to a stake of 32,000,000 shares, or about 2.04 percent;

  • Viking Global - tacked on 11,013,490 to a new position of 22,846,690 shares, or roughly 1.46 percent;

  • Baupost Group - a new 15,041,665 stake, about 1 percent;

  • Lone Pine Capital - a new 13,675,800 stake, about 0.9 percent; and

  • Elliott Associates - a new 8,999,895 position, or 0.57 percent.
The moves have been right so far for the funds; News Corp is up about 8.7 percent since the end of the second quarter.

Ahead of the bell Thursday, News Corp is indicated about 0.4 percent higher.

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Hedge Funds

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Baupost Group, Seth Klarman, Lone Pine Capital, Highfields Capital, Elliott Associates, Rupert Murdoch, Viking Global Investors, Hedge Funds, Eton Park Capital Management

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