Is Credicorp Ltd. (USA) (BAP) Worth Owning?

We at Insider Monkey have gone over 742 13F filings that hedge funds and prominent investors are required to file by the government. The 13F filings show the funds’ and investors’ portfolio positions as of September 30. In this article, we look at what those funds think of Credicorp Ltd. (USA) (NYSE:BAP) based on that data.

Credicorp Ltd. (USA) (NYSE:BAP) was in 22 hedge funds’ portfolios at the end of the third quarter of 2016. BAP has experienced an increase in hedge fund interest recently. There were 21 hedge funds in our database with BAP holdings at the end of the previous quarter. At the end of this article we will also compare BAP to other stocks including Parker-Hannifin Corporation (NYSE:PH), Entergy Corporation (NYSE:ETR), and DENTSPLY International Inc. (NASDAQ:XRAY) to get a better sense of its popularity.

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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What does the smart money think about Credicorp Ltd. (USA) (NYSE:BAP)?

At Q3’s end, a total of 22 of the hedge funds tracked by Insider Monkey were long this stock, a 5% uptick from one quarter earlier, the third-straight in which smart money ownership has risen slightly. With hedgies’ positions undergoing their usual ebb and flow, there exists an “upper tier” of noteworthy hedge fund managers who were increasing their holdings substantially (or already accumulated large positions).

When looking at the institutional investors followed by Insider Monkey, Ken Fisher’s Fisher Asset Management has the number one position in Credicorp Ltd. (USA) (NYSE:BAP), worth close to $196.1 million. On Fisher Asset Management’s heels is J Kevin Kenny Jr of Emerging Sovereign Group, with a $68.7 million position; 4.6% of its 13F portfolio is allocated to the stock. Remaining professional money managers with similar optimism encompass Peter Rathjens, Bruce Clarke and John Campbell’s Arrowstreet Capital, Cliff Asness’ AQR Capital Management and David Halpert’s Prince Street Capital Management.