Legendary investors such as Leon Cooperman and Seth Klarman earn enormous amounts of money for themselves and their investors by doing in-depth research on small-cap stocks that big brokerage houses don’t publish. Small cap stocks -especially when they are screened well- can generate substantial outperformance versus a boring index fund. That’s why we analyze the activity of those successful funds in these small-cap stocks. In the following paragraphs, we analyze Multi Packaging Solutions Intrntnl Ltd (NYSE:MPSX) from the perspective of those successful funds.
Multi Packaging Solutions Intrntnl Ltd (NYSE:MPSX) investors should be aware of a decrease in enthusiasm from smart money in recent months. There were 17 hedge funds in our database with MPSX holdings at the end of the second quarter, seven more than there were on September 30. At the end of this article we will also compare MPSX to other stocks including CONMED Corporation (NASDAQ:CNMD), Multi-Color Corporation (NASDAQ:LABL), and Orion Engineered Carbons SA (NYSE:OEC) 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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How have hedgies been trading Multi Packaging Solutions Intrntnl Ltd (NYSE:MPSX)?
Heading into the fourth quarter of 2016, a total of 10 of the hedge funds tracked by Insider Monkey were bullish on this stock, a 41% fall from the second quarter of 2016. On the other hand, there were a total of 8 hedge funds with a bullish position in MPSX at the beginning of this year, so hedge fund sentiment is still positive for the year. So, let’s check out which hedge funds were among the top holders of the stock and which hedge funds were making big moves.
When looking at the institutional investors followed by Insider Monkey, Anand Parekh of Alyeska Investment Group holds the biggest position in Multi Packaging Solutions Intrntnl Ltd (NYSE:MPSX). Alyeska Investment Group has a $9.4 million position in the stock. The second largest stake is held by Park West Asset Management, led by Peter S. Park, holding a $5.8 million position. Some other hedge funds and institutional investors with similar optimism consist of Andrew Goldman’s Seven Locks Capital Management, Bart Baum’s Ionic Capital Management, and Steve Pei’s Gratia Capital. 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-micro-cap stocks.