market folly

Michael Pausic's hedge fund firm Foxhaven Asset Management has filed a 13G with the SEC regarding its position in Trivago (TRVG).  Per the filing, Foxhaven now owns 11.4% of Trivago with over 3.42 million shares.

This marks an increase of 810,431 shares since January when we highlighted how Foxhaven had boosted its TRVG stake. The latest filing was made due to activity on April 20th.

About Foxhaven Asset Management

Foxhaven is a long/short equity hedge fund that focuses on the technology, media, and telecom sector as well as consumer and internet.  Prior to founding the fund in 2013, Mike Pausic worked at Maverick Capital as head of the media and telecom team

About Trivago

Per Google Finance, Trivago is "company based in the Netherlands that operates an online hotel search platform. The platform allows users to search for, compare and book hotels. It gathers information from various third parties' platforms and provides information about the hotel, pictures, ratings, reviews and filters, such as price, location and extra options. The Company offers access to approximately 1.3 million hotels in over 190 countries via more than 50 localized websites and applications in various languages. The Company also offers marketing tools and services to hotels and hotel chains, as well as to online travel agencies and advertisers, among others. Its principal executive offices are located in Germany."