Hot Hedge Fund Activity: Shares of Opentable, Schwab and Sina Corp.

Valiant Capital Management is a smaller hedge fund with a very concentrated portfolio of only 19 stocks, per its most recent 13F filing.  Following is information on some of its positions for the quarter ended September 30th, 2011:

  • Liberty Global Inc. (NASDAQ:LBTYA): On 6/30/11 Valiant Capital Management reported holding 1,295,276 shares with a market value of $58,339,232. This comprised 8.14% of the total portfolio. On 9/30/11, Valiant Capital Management held 1,661,186 shares with a market value of $60,101,710. This comprised 7.71% of the total portfolio. The net change in shares for this position over the two quarters is 365,910. About the company: Liberty Global, Inc. owns interests in broadband, distribution, and content companies operating outside the continental United States, principally in Europe, Asia, and Latin America.
  • Nordion Inc. (NYSE:NDZ): On 6/30/11 Valiant Capital Management reported holding 4,255,796 shares with a market value of $46,600,965. This comprised 6.50% of the total portfolio. On 9/30/11, Valiant Capital Management held 4,255,796 shares with a market value of $37,536,119. This comprised 4.82% of the total portfolio. The net change in shares for this position over the two quarters is 0,000. About the company: Nordion, Inc. manufactures products used in medical imaging and radiotherapeutics. The Company produces medical isotopes for cardiology, oncology, neurology and research products; offers molecular medicine services; and manufactures commercial gamma sterilization systems.
  • Opentable, Inc. (NASDAQ:OPEN): On 6/30/11 Valiant Capital Management reported holding 352,381 shares with a market value of $29,289,910. This comprised 4.08% of the total portfolio. On 9/30/11, Valiant Capital Management held 706,837 shares with a market value of $32,521,569. This comprised 4.17% of the total portfolio. The net change in shares for this position over the two quarters is 354,456. About the company: OpenTable, Inc. provides free, real-time online restaurant reservations for diners through an online booking service. The Company also offers reservation and guest management solutions for restaurants. OpenTable allows users to search for tables based on desired criteria for cuisine, price, and location.
  • Charles Schwab Corp. (NYSE:SCHW): On 6/30/11 Valiant Capital Management reported holding 2,790,347 shares with a market value of $45,901,210. This comprised 6.40% of the total portfolio. On 9/30/11, Valiant Capital Management held 4,081,156 shares with a market value of $45,994,630. This comprised 5.90% of the total portfolio. The net change in shares for this position over the two quarters is 1,290,809. About the company: The Charles Schwab Corporation provides a variety of financial services to individual investors, independent investment managers, retirement plans, and institutions. The Company provides its clients with securities brokerage, banking, and related financial services through offices in the United States, Puerto Rico, and the United Kingdom.
  • Sina Corp. (NASDAQ:SINA): On 6/30/11 Valiant Capital Management reported holding 0,000 shares with a market value of $0. This comprised 0.00% of the total portfolio. On 9/30/11, Valiant Capital Management held 405,656 shares with a market value of $29,049,026. This comprised 3.73% of the total portfolio. The net change in shares for this position over the two quarters is 405,656. About the company: SINA Corporation is a global Internet media company operating Chinese-language destination sites. The Company offers a network of branded content and services targeting people of Chinese descent worldwide. SINA.com offers online news, entertainment, community, and commerce through web sites that are produced and updated by local teams in China, Hong Kong, Taiwan, and North America.
  • Visa, Inc. (NYSE:V): On 6/30/11 Valiant Capital Management reported holding 0,000 shares with a market value of $0. This comprised 0.00% of the total portfolio. On 9/30/11, Valiant Capital Management held 413,901 shares with a market value of $35,479,594. This comprised 4.55% of the total portfolio. The net change in shares for this position over the two quarters is 413,901. About the company: Visa Inc. operates a retail electronic payments network and manages global financial services. The Company also offers global commerce through the transfer of value and information among financial institutions, merchants, consumers, businesses and government entities.
  • Vermillion, Inc. (NASDAQ:VRML): On 6/30/11 Valiant Capital Management reported holding 243,151 shares with a market value of $994,488. This comprised 0.14% of the total portfolio. On 9/30/11, Valiant Capital Management held 243,151 shares with a market value of $634,624. This comprised 0.08% of the total portfolio. The net change in shares for this position over the two quarters is 0,000. About the company: Vermillion, Inc. discovers, develops, and commercializes diagnostic tests. The Company focuses in the areas of oncology, hematology, cardiology, and women’s health.
  • Verisign Inc. (NASDAQ:VRSN): On 6/30/11 Valiant Capital Management reported holding 1,539,525 shares with a market value of $51,512,505. This comprised 7.18% of the total portfolio. On 9/30/11, Valiant Capital Management held 1,689,193 shares with a market value of $48,327,813. This comprised 6.20% of the total portfolio. The net change in shares for this position over the two quarters is 149,668. About the company: VeriSign, Inc. provides Internet infrastructure services needed by websites, enterprises,electronic commerce providers, and individuals to conduct electronic commerce and communications over Internet protocol networks. The Company also provides Internet domain registration services for all all .com, .net, .cc, .tv, .name and .jobs domain names.
  • Yum! Brands, Inc. (NYSE:YUM): On 6/30/11 Valiant Capital Management reported holding 0,000 shares with a market value of $0. This comprised 0.00% of the total portfolio. On 9/30/11, Valiant Capital Management held 696,382 shares with a market value of $34,394,307. This comprised 4.41% of the total portfolio. The net change in shares for this position over the two quarters is 696,382. About the company: Yum! Brands, Inc, owns and franchises quick-service restaurants worldwide. The Company develops, operates, franchises and licenses a worldwide system of restaurants which prepare, package and sell a menu of food items.

(Note: Data regarding Valiant Capital Management’s stock holdings are sourced via whalewisdom.com. All data are assumed to be accurate.)

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