market folly

Adam Weiss and James Crichton's hedge fund firm Scout Capital filed a 13G on shares of SeaWorld Entertainment (SEAS) and revealed a 7.8% ownership stake with 7,200,257 shares.

The 13G was required due to activity on April 18th.  SeaWorld recently completed its initial public offering and it's likely that Scout participated in the IPO.

Per Google Finance, SeaWorld Entertainment is "a theme park and entertainment company. The Company is engaged in delivering personal, interactive and educational experiences that blend imagination with nature and enable its customers to celebrate, connect with and care for the natural world. The Company own or license a portfolio of globally recognized brands including SeaWorld, Shamu and Busch Gardens. The Company has built a diversified portfolio of 11 destination and regional theme parks that are grouped in key markets across the United States. Its theme parks feature a diverse array of rides, shows and other attractions with broad demographic appeal which deliver memorable experiences and a strong value proposition for its guests."

This hedge fund has been active recently and we also highlighted Scout's other new position.