Should Apollo Global Management LLC (NYSE:APO) investors track the following data?
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Now that that’s out of the way, let’s examine the newest info surrounding Apollo Global Management LLC (NYSE:APO).
How have hedgies been trading Apollo Global Management LLC (NYSE:APO)?
Heading into Q3, a total of 13 of the hedge funds we track were long in this stock, a change of 30% from the first quarter. With the smart money’s positions undergoing their usual ebb and flow, there exists a few noteworthy hedge fund managers who were upping their stakes meaningfully.
When using filings from the hedgies we track, Thomas E. Claugus’s GMT Capital had the largest position in Apollo Global Management LLC (NYSE:APO), worth close to $121.9 million, accounting for 2.8% of its total 13F portfolio. Sitting at the No. 2 spot is Howard Marks of Oaktree Capital Management, with a $30.1 million position; the fund has 0.6% of its 13F portfolio invested in the stock. Other hedgies that hold long positions include Chuck Royce’s Royce & Associates, Paul Ruddock and Steve Heinz’s Lansdowne Partners and Martin Hughes’s Toscafund Asset Management.
With a general bullishness amongst the titans, specific money managers have been driving this bullishness. GMT Capital, managed by Thomas E. Claugus, established the largest position in Apollo Global Management LLC (NYSE:APO). GMT Capital had 121.9 million invested in the company at the end of the quarter. Howard Marks’s Oaktree Capital Management also initiated a $30.1 million position during the quarter. The following funds were also among the new APO investors: Chuck Royce’s Royce & Associates, Paul Ruddock and Steve Heinz’s Lansdowne Partners, and Martin Hughes’s Toscafund Asset Management.
What do corporate executives and insiders think about Apollo Global Management LLC (NYSE:APO)?
Legal insider trading, particularly when it’s bullish, is best served when the primary stock in question has seen transactions within the past 180 days. Over the last half-year time period, Apollo Global Management LLC (NYSE:APO) has experienced zero unique insiders buying, and zero insider sales (see the details of insider trades here).
We’ll check out the relationship between both of these indicators in other stocks similar to Apollo Global Management LLC (NYSE:APO). These stocks are NASDAQ OMX Group, Inc. (NASDAQ:NDAQ), Apollo Investment Corp. (NASDAQ:AINV), Ares Capital Corporation (NASDAQ:ARCC), A.F.P Provida SA (ADR) (NYSE:PVD), and CBOE Holdings, Inc (NASDAQ:CBOE). All of these stocks are in the diversified investments industry and their market caps resemble APO’s market cap.
