{"id":24133,"date":"2011-08-17T04:40:12","date_gmt":"2011-08-17T08:40:12","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=24133"},"modified":"2011-08-17T04:40:12","modified_gmt":"2011-08-17T08:40:12","slug":"mega-hedge-fund-bets-big-on-sirius-xm-radio","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/08\/2011\/mega-hedge-fund-bets-big-on-sirius-xm-radio.html","title":{"rendered":"Mega Hedge Fund Bets Big on Sirius XM Radio"},"content":{"rendered":"<p>SeekingAlpha &#8211; PG-Axon Management is a New York based hedge fund with more than $2.9 billion in reported long equity positions in U.S. listed stocks. The fund operates a concentrated portfolio of diverse names, including Sprint Nextel Corp., Mosaic Co.\u00a0and Coca-Cola Enterprises\u00a0But according to their latest SEC\u00a0Form 13F, the fund made a big 83,000,000 share wager on satellite radio company, Sirius XM Radio.<\/p>\n<p>At the end of last quarter, this stake represented the fund&#8217;s third largest equity position. During the last quarter, the share price traded as low as $1.63 during the intra-day but also floated well above $2 per share. It is possible that the fund&#8217;s cost basis is at or above current price levels.<\/p>\n<p><a href=\"http:\/\/seekingalpha.com\/article\/287746-mega-hedge-fund-bets-big-on-sirius-xm-radio\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>SeekingAlpha &#8211; PG-Axon Management is a New York based hedge fund with more than $2.9 billion in reported long equity positions in U.S. listed stocks. The fund operates a concentrated portfolio of diverse names, including Sprint Nextel Corp., Mosaic Co.\u00a0and [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-24133","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/24133","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=24133"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/24133\/revisions"}],"predecessor-version":[{"id":24134,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/24133\/revisions\/24134"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=24133"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=24133"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=24133"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}