Yelp Is Up; Who's Winning?
The stock lost almost 17 percent over 2014, but is up year-to-date.
Who Could Be Winning From Yelp's Good Day?
Tybourne Capital Management, managed by Eashwar Krishnan, is among the largest institutional investors in Yelp.
Despite getting rid of 999,019 shares over the third quarter (when the stock traded near $66), the fund disclosed ownership of 1.43 million shares worth almost $100 million.
Assuming Tybourne’s stake remained unchanged since the latest SEC 13F filing, it gained more than $3.1 million in value on Friday.
Also betting on the company is Donald Chiboucis’ Columbus Circle Investors, who last acknowledged holding 1.26 million shares.
That could have returned $2.77 million on Friday.
Wellington Management Co. was the largest institutional investor of record in Yelp, as of September 30, 2014.
The investment management firm declared the purchase of more than 5 million shares of the company over the third quarter of 2014. That boosted its position to over 8 million shares, worth more than half-a-billion by the time of the filing.
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