The following is an exceprt from our Q4 Hedge Fund Report:

Priceline (PCLN) is a relatively new position in the portfolio but one that’s more than doubled since it entered in Q2.  Since PCLN was introduced into the portfolio (as 2% position at $112M) it has whipsawed back and forth giving Griffin (of Blue Ridge Capital) ample opportunity to add shares at favorable prices—which appears to be exactly what he did, especially in Q4…and it looks as if this bet is paying off substantially so far in 2012:

‘Tiger Cub’ brethren, Chase Coleman (of Tiger Global) also massively increased his stake in PCLN in Q4…