Is TransDigm Group Incorporated (NYSE:TDG) a marvelous investment right now? Prominent investors are turning bullish. The number of bullish hedge fund bets advanced by 7 recently.
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With these “truths” under our belt, we’re going to take a look at the latest action regarding TransDigm Group Incorporated (NYSE:TDG).
What have hedge funds been doing with TransDigm Group Incorporated (NYSE:TDG)?
At year’s end, a total of 31 of the hedge funds we track held long positions in this stock, a change of 29% from the previous quarter. With the smart money’s positions undergoing their usual ebb and flow, there exists a select group of noteworthy hedge fund managers who were increasing their holdings meaningfully.
When looking at the hedgies we track, Lone Pine Capital, managed by Stephen Mandel, holds the largest position in TransDigm Group Incorporated (NYSE:TDG). Lone Pine Capital has a $397 million billion position in the stock, comprising 2.5% of its 13F portfolio. On Lone Pine Capital’s heels is Alan Fournier of Pennant Capital Management, with a $300 million position; the fund has 6.3% of its 13F portfolio invested in the stock. Remaining hedge funds with similar optimism include Lee Ainslie’s Maverick Capital, Bain Capital’s Brookside Capital and Robert Joseph Caruso’s Select Equity Group.
Now, key hedge funds were breaking ground themselves. Point State Capital, managed by Sean Cullinan, created the most valuable position in TransDigm Group Incorporated (NYSE:TDG). Point State Capital had 28 million invested in the company at the end of the quarter. Dan Loeb’s Third Point also made a $20 million investment in the stock during the quarter. The other funds with brand new TDG positions are Jim Simons’s Renaissance Technologies, Andreas Halvorsen’s Viking Global, and Wallace Weitz’s Wallace R. Weitz & Co..
How are insiders trading TransDigm Group Incorporated (NYSE:TDG)?
Insider buying is at its handiest when the company in focus has seen transactions within the past six months. Over the latest 180-day time frame, TransDigm Group Incorporated (NYSE:TDG) has experienced 1 unique insiders buying, and 7 insider sales (see the details of insider trades here).
With the results shown by the aforementioned research, everyday investors should always monitor hedge fund and insider trading activity, and TransDigm Group Incorporated (NYSE:TDG) applies perfectly to this mantra.
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