In today’s marketplace, there are plenty of gauges investors can use to track their holdings. A pair of the most innovative are hedge fund and insider trading activity. At Insider Monkey, our research analyses have shown that, historically, those who follow the best picks of the top fund managers can trounce their index-focused peers by a healthy margin (see just how much).
Just as beneficial, bullish insider trading sentiment is another way to break down the investments you’re interested in. Obviously, there are lots of reasons for an executive to cut shares of his or her company, but just one, very obvious reason why they would behave bullishly. Several empirical studies have demonstrated the useful potential of this method if you know where to look (learn more here).
With these “truths” under our belt, we’re going to take a glance at the recent action regarding Carlisle Companies, Inc. (NYSE:CSL).
What have hedge funds been doing with Carlisle Companies, Inc. (NYSE:CSL)?
In preparation for this year, a total of 17 of the hedge funds we track held long positions in this stock, a change of 0% from the third quarter. With hedge funds’ sentiment swirling, there exists a few noteworthy hedge fund managers who were upping their holdings substantially.
Of the funds we track, Adage Capital Management, managed by Phill Gross and Robert Atchinson, holds the biggest position in Carlisle Companies, Inc. (NYSE:CSL). Adage Capital Management has a $31 million position in the stock, comprising 0.1% of its 13F portfolio. Sitting at the No. 2 spot is Dreman Value Management, managed by David Dreman, which held a $31 million position; 0.2% of its 13F portfolio is allocated to the stock. Remaining hedge funds that hold long positions include Chuck Royce’s Royce & Associates, Matthew Lindenbaum’s Basswood Capital and Robert B. Gillam’s McKinley Capital Management.
Due to the fact that Carlisle Companies, Inc. (NYSE:CSL) has faced declining sentiment from hedge fund managers, we can see that there is a sect of hedge funds who were dropping their entire stakes heading into 2013. At the top of the heap, Ken Griffin’s Citadel Investment Group dropped the biggest position of the “upper crust” of funds we track, comprising an estimated $1 million in stock., and Paul Tudor Jones of Tudor Investment Corp was right behind this move, as the fund sold off about $1 million worth. These moves are intriguing to say the least, as aggregate hedge fund interest stayed the same (this is a bearish signal in our experience).
How have insiders been trading Carlisle Companies, Inc. (NYSE:CSL)?
Insider purchases made by high-level executives is at its handiest when the company in focus has experienced transactions within the past 180 days. Over the latest 180-day time frame, Carlisle Companies, Inc. (NYSE:CSL) has seen zero unique insiders buying, and zero insider sales (see the details of insider trades here).
With the results demonstrated by our research, everyday investors must always pay attention to hedge fund and insider trading activity, and Carlisle Companies, Inc. (NYSE:CSL) applies perfectly to this mantra.
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