Is Ameren Corp (NYSE:AEE) a good place to invest some of your money right now? We can gain invaluable insight to help us answer that question by studying the investment trends of top investors, who employ world-class Ivy League graduates, who are given immense resources and industry contacts to put their financial expertise to work. The top picks of these firms have historically outperformed the market when we account for known risk factors, making them very valuable investment ideas.
Ameren Corp (NYSE:AEE) has experienced a decrease in hedge fund interest recently. There were 15 hedge funds in our database with AEE positions at the end of the previous quarter. At the end of this article we will also compare AEE to other stocks including Santander Mexico Fincl Gp SAB deCV (ADR) (NYSE:BSMX), Silver Wheaton Corp. (USA) (NYSE:SLW), and Global Payments Inc (NYSE:GPN) to get a better sense of its popularity.
Follow Ameren Corp (NYSE:AEE)
Follow Ameren Corp (NYSE:AEE)
At Insider Monkey, we’ve developed an investment strategy that has delivered market-beating returns over the past 12 months. Our strategy identifies the 100 best-performing funds of the previous quarter from among the collection of 700+ successful funds that we track in our database, which we accomplish using our returns methodology. We then study the portfolios of those 100 funds using the latest 13F data to uncover the 30 most popular mid-cap stocks (market caps of between $1 billion and $10 billion) among them to hold until the next filing period. This strategy delivered 18% gains over the past 12 months, more than doubling the 8% returns enjoyed by the S&P 500 ETFs.
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With all of this in mind, we’re going to go over the new action encompassing Ameren Corp (NYSE:AEE).
How are hedge funds trading Ameren Corp (NYSE:AEE)?
At the end of the third quarter, a total of 12 of the hedge funds tracked by Insider Monkey held long positions in this stock, a drop of 20% from the second quarter of 2016. Below, you can check out the change in hedge fund sentiment towards AEE over the last 5 quarters. With the smart money’s sentiment swirling, there exists a few key hedge fund managers who were increasing their stakes considerably (or already accumulated large positions).
According to publicly available hedge fund and institutional investor holdings data compiled by Insider Monkey, AQR Capital Management, led by Cliff Asness, holds the number one position in Ameren Corp (NYSE:AEE). AQR Capital Management has a $273 million position in the stock, comprising 0.4% of its 13F portfolio. Sitting at the No. 2 spot is Renaissance Technologies, founded by Jim Simons, which holds a $62.7 million position; 0.1% of its 13F portfolio is allocated to the stock. Other peers that hold long positions contain Peter Rathjens, Bruce Clarke and John Campbell’s Arrowstreet Capital, John Overdeck and David Siegel’s Two Sigma Advisors and D. E. Shaw’s D E Shaw. We should note that none of these hedge funds are among our list of the 100 best performing hedge funds which is based on the performance of their 13F long positions in non-microcap stocks.
