Monsanto Company (NYSE:MON)
has had one of the most up-and-down years of the stocks we track.
Shares of the ag behemoth have been unable to get on a run in 2013, as
constant drama over GMOs seems to be hitting the newswires daily. With
that in mind, it appears that some hedge funds want nothing to do with
it.
Now, according to many market players, hedge funds
are seen as delayed, old investment vehicles of a forgotten age.
Although there are over 8,000 hedge funds trading currently, Insider
Monkey looks at the moguls of this group, around 525 funds. Analysts
calculate that this group controls the lion's share of all hedge funds'
total assets, and by monitoring their highest quality equity
investments, we've figured out a few investment strategies that have
historically outpaced the S&P 500. Our small-cap hedge fund strategy
beat the S&P 500 index by 18 percentage points annually for a
decade in our back tests, and since we've began to sharing our picks
with our subscribers at the end of August 2012, we have outperformed the
S&P 500 index by 33 percentage points in 11 months (see all of our picks from August).
Just
as crucial, positive insider trading sentiment is another way to look
at the investments you're interested in. As the old adage goes: there
are lots of stimuli for a bullish insider to drop shares of his or her
company, but just one, very obvious reason why they would behave
bullishly. Plenty of academic studies have demonstrated the impressive
potential of this tactic if "monkeys" know what to do (learn more here).
What's more, it's important to examine the latest info for Monsanto Company (NYSE:MON).
What have hedge funds been doing with Monsanto Company (NYSE:MON)?
In preparation for the third quarter, a total of 59 of the hedge funds we track held long positions in this stock, a change of -6% from one quarter earlier. With hedge funds' sentiment swirling, there exists a select group of key hedge fund managers who were upping their stakes substantially.
Out of the hedge funds we follow, Stephen Mandel's Lone Pine Capital
had the most valuable position in Monsanto Company (NYSE:MON), worth
close to $613.3 million, accounting for 3% of its total 13F portfolio.
On Lone Pine Capital's heels is Andreas Halvorsen of Viking Global,
with a $414.5 million position; 2.3% of its 13F portfolio is allocated
to the company. Other peers with similar optimism include Phill Gross
and Robert Atchinson's Adage Capital Management, John Griffin's Blue Ridge Capital and Jason Capello's Merchants' Gate Capital.
Since Monsanto Company (NYSE:MON) has experienced declining interest
from the entirety of the hedge funds we track, logic holds that there
exists a select few hedgies that decided to sell off their positions
entirely at the end of the second quarter. At the top of the heap,
Jeffrey Vinik's Vinik Asset Management
said goodbye to the largest stake of the 450+ funds we monitor,
totaling close to $100.8 million in stock. Sean Cullinan's fund, Point State Capital,
also dropped its stock, about $54.7 million worth. These transactions
are interesting, as total hedge fund interest was cut by 4 funds at the
end of the second quarter.
No comments:
Post a Comment