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Shares of Yahoo! Inc. (NASDAQ: YHOO) are trading up about 4.5 percent, at $36.05, on Thursday afternoon, following rumors that said that Elliott Associates had started a position in the company.
Benzinga contacted Paul Singer, the fund’s manager, who assured the rumors were not true. The stock is already falling slightly.
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Some investments firms that are betting on Yahoo, however, include the Vanguard Group and FMR LLC, which last disclosed holding 48,589,442 shares (worth more than $1.9 billion) and 30,518,495 shares, respectively, as of the end of the second quarter of 2015.
Related Link: Calls Of Note: Wall Street Research Moving The Market On Thursday
Among hedge fund supporters, investors can count OZ Management and DE Shaw, which, by the end of the first quarter, held 14,647,989 shares and 12,434,375 shares of Yahoo, respectively.
For those looking for some stocks on which Mr. Singer is actually bullish, there’s CorMedix Inc. (NYSEMKT:CRMD) and Citrix Systems, Inc. (NASDAQ: CTXS). Last Tuesday, Elliot Associates disclosed a marked increase in its exposure to CorMedix, from 1,500,200 shares held as of the end of the first quarter, to 3,596,506 shares.
Citrix felt Singer’s bullishness even more strongly. Quite recently, the fund declared a new –activist- position in the company, comprising 5,530,040 shares, which represent about 3.5 percent of the total shares outstanding.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.