E I Du Pont De Nemours And Co (NYSE:DD) has experienced an increase in hedge fund sentiment lately.
In the 21st century investor’s toolkit, there are many gauges shareholders can use to analyze their holdings. A pair of the most useful are hedge fund and insider trading sentiment. At Insider Monkey, our research analyses have shown that, historically, those who follow the top picks of the best money managers can outperform their index-focused peers by a solid amount (see just how much).
Equally as beneficial, positive insider trading sentiment is another way to parse down the financial markets. As the old adage goes: there are a number of motivations for an upper level exec to drop shares of his or her company, but just one, very obvious reason why they would initiate a purchase. Many empirical studies have demonstrated the market-beating potential of this method if piggybackers know where to look (learn more here).
With these “truths” under our belt, we’re going to take a gander at the latest action regarding E I Du Pont De Nemours And Co (NYSE:DD).
How are hedge funds trading E I Du Pont De Nemours And Co (NYSE:DD)?
At the end of the fourth quarter, a total of 30 of the hedge funds we track were bullish in this stock, a change of 3% from one quarter earlier. With the smart money’s capital changing hands, there exists a few notable hedge fund managers who were boosting their holdings substantially.
According to our comprehensive database, D. E. Shaw’s D E Shaw had the biggest call position in E I Du Pont De Nemours And Co (NYSE:DD), worth close to $96 million billion, comprising 0.2% of its total 13F portfolio. On D E Shaw’s heels is John A. Levin of Levin Capital Strategies, with a $55 million position; 0.5% of its 13F portfolio is allocated to the stock. Remaining hedge funds with similar optimism include Phill Gross and Robert Atchinson’s Adage Capital Management, and Ken Griffin’s Citadel Investment Group.
As one would reasonably expect, key hedge funds have jumped into E I Du Pont De Nemours And Co (NYSE:DD) headfirst. Seminole Capital (Investment Mgmt), managed by Michael Messner, established the biggest position in E I Du Pont De Nemours And Co (NYSE:DD). Seminole Capital (Investment Mgmt) had 9 million invested in the company at the end of the quarter. also made a $4 million investment in the stock during the quarter. The other funds with brand new DD positions are Bart Baum’s Ionic Capital Management, Anil Stevens and Glenn Shapiro’s Parameter Capital Management, and John Zaro’s Bourgeon Capital.
How are insiders trading E I Du Pont De Nemours And Co (NYSE:DD)?
Insider trading activity, especially when it’s bullish, is at its handiest when the company in question has seen transactions within the past half-year. Over the latest 180-day time period, E I Du Pont De Nemours And Co (NYSE:DD) has seen zero unique insiders purchasing, and 7 insider sales (see the details of insider trades here).
With the results demonstrated by the aforementioned strategies, everyday investors must always keep an eye on hedge fund and insider trading sentiment, and E I Du Pont De Nemours And Co (NYSE:DD) applies perfectly to this mantra.
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