Itau Unibanco Holding SA (ADR) (NYSE:ITUB) has seen a decrease in enthusiasm from smart money in recent months.
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Now, we’re going to take a glance at the recent action encompassing Itau Unibanco Holding SA (ADR) (NYSE:ITUB).
Hedge fund activity in Itau Unibanco Holding SA (ADR) (NYSE:ITUB)
At year’s end, a total of 23 of the hedge funds we track were bullish in this stock, a change of -4% from the previous quarter. With hedge funds’ sentiment swirling, there exists a select group of noteworthy hedge fund managers who were boosting their stakes substantially.
Of the funds we track, Arrowstreet Capital, managed by Peter Rathjens, Bruce Clarke and John Campbell, holds the most valuable position in Itau Unibanco Holding SA (ADR) (NYSE:ITUB). Arrowstreet Capital has a $62 million position in the stock, comprising 0.3% of its 13F portfolio. On Arrowstreet Capital’s heels is D E Shaw, managed by D. E. Shaw, which held a $34 million position; the fund has 0.1% of its 13F portfolio invested in the stock. Other peers with similar optimism include Stanley Druckenmiller’s Duquesne Capital, Clint Carlson’s Carlson Capital and John Overdeck and David Siegel’s Two Sigma Advisors.
Seeing as Itau Unibanco Holding SA (ADR) (NYSE:ITUB) has witnessed declining sentiment from hedge fund managers, we can see that there lies a certain “tier” of money managers that decided to sell off their positions entirely at the end of the year. At the top of the heap, Rob Citrone’s Discovery Capital Management sold off the largest investment of all the hedgies we track, valued at about $15 million in stock, and Thomas E. Claugus of GMT Capital was right behind this move, as the fund dropped about $13 million worth. These bearish behaviors are important to note, as total hedge fund interest fell by 1 funds at the end of the year.
What do corporate executives and insiders think about Itau Unibanco Holding SA (ADR) (NYSE:ITUB)?
Insider buying is best served when the company in focus has experienced transactions within the past 180 days. Over the latest 180-day time frame, Itau Unibanco Holding SA (ADR) (NYSE:ITUB) has seen zero unique insiders buying, and zero insider sales (see the details of insider trades here).
With the results exhibited by the aforementioned tactics, retail investors should always pay attention to hedge fund and insider trading activity, and Itau Unibanco Holding SA (ADR) (NYSE:ITUB) shareholders fit into this picture quite nicely.
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