May 16, 2016 / 8:02 PM / a year ago

HIGHLIGHTS-Top U.S. hedge funds bet on Netflix, Yahoo, consumer stocks

(Adds Greenlight Capital, Carl Icahn)

By Svea Herbst-Bayliss and Sam Forgione

NEW YORK, May 16 (Reuters) - Former SAC executive Gabe Plotkin’s Melvin Capital took a new position in streaming video service Netflix Inc, buying 950,000 shares and a call option for 1.45 million shares, according to regulatory filings on Monday. Hoplite Capital also took a new position in Netflix, buying 236,456 shares, while Blue Ridge took a new position, buying 1.4 million shares.

But Julian Robertson’s Tiger Management cut its position in Netflix by 38 percent to own 240,800 shares.

Melvin Capital also took a new position in Home Depot Inc , buying 475,000 shares. And Passport Capital added 3.3 million Yahoo Inc shares, upping its stake by 243 percent, filings show.

These hedge-fund SEC disclosures are backward-looking and come out 45 days after the end of each quarter. Still, the filings offer a glimpse into what hedge fund managers saw as investment opportunities.

The filings do not disclose short positions, or bets that a stock will fall. As a result, the public filings do not always present a complete picture of a management firm’s stock holdings.

The following are some of the hot stocks and sectors in which hedge fund managers either took new positions or exited existing stakes in the first quarter.

AMERICAN INTERNATIONAL GROUP

Jana Partners sold its entire stake of 4.3 mln shares. Omega Advisors trimmed its stake by 583,000 shares to 3.5 million shares.

ALPHABET INC

Jana Partners took a new stake of 634,000 Class C shares. Third Point took a new stake of 700,000 Class A Alphabet shares, while Omega Advisors trimmed its stake by 151,000 Class A shares to about 277,000 Class A shares.

AMAZON.COM INC

John Burbank’s Passport Capital sold 36,577 shares, reducing the firm’s holding by 35 percent. Suvretta Capital took a new position, buying 248,311 shares. Omega Advisors sold its entire stake of about 36,000 shares. Tiger Global Management cut its stake by 2.2 million shares to 1 million shares.

AERCAP HOLDINGS NV

David Einhorn’s Greenlight Capital raises its stake by 22.7 percent to 9.0 million shares.

BANK OF AMERICA CORP

Jana Partners took a new stake of 750,000 shares. David Tepper’s Appaloosa LP took a new stake of 7 million shares.

BAXTER INTERNATIONAL INC

Jana Partners sold entire stake of 5.7 million shares.

CHESAPEAKE ENERGY CORP

Two Sigma Investments added a new position, buying 2.3 million shares. Blue Ridge Capital added a new position, buying 7 million shares.

ENDO INTERNATIONAL PLC

Sachem Head added a new position, buying 2.46 million shares. Brahman Capital exited its position, selling 3.8 million shares.

FACEBOOK INC

Passport Capital sold 325,434 shares of the social media company, cutting its stake by more than one quarter. Omega Advisors trimmed its stake by 526,000 Class A shares to 459,000 Class A shares. Appaloosa added a new stake of 1.6 million Class A shares.

GANNETT CO INC

Carl Icahn sold his entire stake of 6.5 million shares.

GENERAL MOTORS CO

Greenlight Capital raises its stake by 9.9 percent to 15.3 million.

HERTZ GLOBAL HOLDINGS INC

Coatue added a new position, buying 5.2 million shares.

J.C. PENNEY COMPANY

The retailer saw its stock price surge 66 percent during the first quarter. Davidson Kempner sold its holding of 1 million shares.

JPMORGAN CHASE & CO

Omega Advisors sold its entire stake of 1.1 million shares.

KATE SPADE & CO

Melvin Capital put on a new position, buying 1.35 million shares in the retailer, which gained 43 percent in the first quarter. Davidson Kempner took a new position, adding 200,000 shares.

LIBERTY GLOBAL PLC

Jana Partners sold its entire stake of 5.9 million Class C shares.

LPL FINANCIAL HOLDINGS

Sahm Adrangi’s Kerrisdale Capital Management exited its position, selling 76,063 shares.

MCDONALD‘S CORP

Suvretta Capital exited its position, selling 825,900 shares.

MENTOR GRAPHICS CORP

Carl Icahn sells entire stake of 16.1 million shares.

MICROSOFT CORP

Passport Capital sold 1.2 million shares, cutting the firm’s stake by 27 percent. Omega Advisors increased its stake by 947,000 shares to 1.8 million shares. Conatus Capital Management added a new position, buying 702,808 shares. Tiger Global Management sold its entire stake of 410,000 shares.

MYLAN

Sachem Head liquidated its entire position, selling 3.35 million shares.

PAYPAL HOLDINGS INC

Carl Icahn trims stake by 8.4 million shares to 37.8 mln shares.

PFIZER INC

Senator Investment Group raised its holding by 130 percent when it added 8.5 million shares in the drug maker. Jana Partners increased its stake by 4.3 million shares to 13.5 million shares. Omega Advisors sold its entire stake of 1.3 million shares.

QUALCOMM INC

Jana Partners sold its entire stake of 9.2 million shares.

SYNOPSYS INC

Kerrisdale took a new position, buying 263,157 shares.

TEGNA INC

Carl Icahn sold entire stake of 12.8 million shares.

UNITED RENTALS

Blue Mountain Capital added 106,011 shares.

WENDY‘S CO

Davidson Kempner liquidated its position, selling 1.97 million shares.

ZOETIS INC

A number of hedge funds liquidated their positions. Sachem Head sold 4.2 million shares, exiting the position it took in 2014. Hitchwood Capital sold its entire position, liquidating 2.5 million shares. Twin Capital sold its entire stake of 33,180 shares. (Compiled by Jennifer Ablan; Reporting by Svea Herbst-Bayliss and Sam Forgione; Editing by Meredith Mazzilli)

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