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The latest era of 13F reports came and went, and Insider Monkey threw out 823 13F documents that well-known price and hedging budget investors must register through the SEC. S
Does Popular Inc (NASDAQ: BPOP) deserve your attention right now?Major investors were optimistic. The number of long bets on the hedging budget has recently increased to five. Popular Inc (NASDAQ: BPOP) indexed in 33 hedge fund portfolios at the end of June. The highest old figure for this statistic is 33. This means that the bullish number of hedge fund positions in this inventory are lately at their highest level. Our calculations also showed that BPOP is not one of the 30 most sensitive inventories among coverage budgets (click to view the Q2 rating and watch the video for a quick review of the five most sensitive inventories). inventories). Video: Watch our video on the five most popular hedge fund inventories.
In today’s market, market participants have many teams to compare stocks. The coverage budget and the sense of insider abuse are some of the most useful teams. Our researchers have shown that, historically, those who attach themselves to the possible options of fund managers can beat the S
Noam Gottesman by GLG Partners
At Insider Monkey, we don’t forget anything for the next wonderful investment concept. For example, this “mom” trader turned $2,000 into $2 million in two years. So we’re in your most productive business concept of the month. Cannabis inventors are booming in 2020, so we’re also reviewing this inventory under the radar. We read letters from hedge fund investors and pay attention to inventory market launches at hedge fund conferences. We look at lists like the 10 most successful corporations in the world to choose from. the most productive giant capitalization inventories to buy. Although we present positions in only a small part of the corporations we analyze, we check as many inventories as possible. With that in mind, let’s take a look at the new hedge fund inventory spanning Popular Inc (NASDAQ: BPOP).
As the third quarter of 2020 approached, 33 of the coverage budget tracked through Insider Monkey were positive about inventory, an 18% replacement from the previous quarter. By comparison, coverage budget 30 had bullish inventories or called BPOP a year ago. So let’s see what coverage budget was among the top inventory holders and what coverage budget was making big moves.
Specifically, Polaris Capital Management was the largest shareholder of Popular Inc (NASDAQ: BPOP), with an interest of $144. 9 million reported at the end of September. AQR Capital Management was Polaris Capital Management, which accrued an estimated interest of $84. 6 million. Management, Citadel Investment Group and GLG Partners also greatly appreciated the shares, and fitted with one of the company’s largest hedge fund holders. In terms of portfolio weights assigned to each position, Raging Capital Management has given popular inc (NASDAQ: BPOP) the highest weighting, representing approximately 9. 74% of its 13F portfolio. Polaris Capital Management is also relatively positive about stocks, affecting 7. 16% of its 13F equity portfolio for BPOP.
With widespread improvement among heavyweights, the most sensible fund managers jumped head-on at Popular Inc (NASDAQ: BPOP). Two Creeks Capital Management, controlled through Ryan Pedlow, created the largest position on Popular Inc (NASDAQ: BPOP). Management invested $39. 7 million in corporate at the end of the quarter, Renaissance Technologies also invested $11. 5 million in inventory during the quarter. The following budget was also among BPOP’s new investors: Cerebellum Capital and David Andre’s Astro Teller, Greg Eisner’s Chief Engineer’s Manager and Anton Schutz’s Mfinishon Capital Advisors.
Let’s also take a look at hedge fund activity in other shares, necessarily in the same sector as Popular Inc (NASDAQ: BPOP) but valued in the same way. These shares are Penske Automotive Group, Inc. (NYSE: PAG), Aerojet Rocketdyne Holdings Inc (NYSE: AJRD), First Horizon National Corporation (NYSE: FHN), TFI International Inc. (NYSE: TFII), Vicor Corp (NASDAQ: VICR), New Residential Investment Corp (NYSE: NRZ) and Companhia Paranaense of Energia – COPEL (NYSE: ELP). The market capitalization of all these shares is closest to BPOP’s market capitalization.
[table] Ticker, HF Nb with positions, Total HF positions (x1000), Hf PAG position change, 21,83068. 2 AJRD, 25,405251. 2 FHN, 35. 384471. 4 TFII, 10. 67009 Array -2 VICR, 19. 81691. 5 NRZ, 22,121379, -1 ELP, 12,39175. 5 Average, 20. 6,168863. 2. 1 [/table]
See the table here if you have formatting issues.
As you can see, those inventories had an average hedging budget of 20. 6 with bullish positions and the average amount invested in those inventories was $169 million. That figure was $521 million for BPOP. First Horizon National Corporation (NYSE: FHN) is the maximum popularity percentage in this table. By contrast, TFI International Inc. (NYSE: TFII) is the least popular with only 10 bullish positions in hedge funds. Popular Inc (NASDAQ: BPOP) is not the maximum popular inventory in this group, however, interest from hedge funds is still above average. Our overall coverage fund sentiment score for BPOP is 86. Shares with a higher number of hedge fund positions relative to other inventories, as well as in relation to their old diversity, get a higher sentiment score. This is a positive sign, but we prefer to spend our time researching inventories in which coverage budgets accumulate. Our calculations showed that the top 10 popular inventories among coverage budgets yielded 41. 4% in 2019 and surpassed the S
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Disclosure: No this article was originally published on Insider Monkey.
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