Steadfast Capital Reveals a 5% Stake in Zynga

Zynga, Steadfast Capital: Just now, Steadfast Capital Management, a hedge fund run by Robert Pitts, disclosed it is initiating a passive stake in Zynga Inc (NASDAQ:ZNGA). According to the filing, Steadfast now holds around 31.5 million shares of the online social games developer. The position represents 5.07% of Zynga's Class A Common Stock.

Mark Pincus

Disclosure: none

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