Rio Tinto Plc (NYSE:RIO)
Rio Tinto is the second largest position at 9.99% of the portfolio. Impala Asset Management holds 1.55 Million shares at a total value of $87.38 Million. Moving into the third quarter of 2020, Insider Monkey tracked a total of 20 hedge funds holding long positions in this stock. That was a change of -5% from the Q4 of 2019. On comparison there were a total of 22 hedge funds bullish about RIO a year ago. Clearly investors should be wary of the decrease hedge fund sentiment. Please click here to review the hedge funds which were among the top holders of the stock and which hedge funds have moved.
Nvr Inc (NYSE:NVR)
Impala Asset Management holds 23,908 shares at a value of $77.91 Million at 8.91% of the portfolio. The stock currently trades at $4,223.76. It was at its lowest this year at $2,175 on Mar 23rd, 2020, but then rallied back and steadily increased to its current position of $4,223.76. Impala Asset Management reduced its position in the stock by 21% from the previous quarter.
Insider Monkey tracked a total of 39 hedge funds holding long positions at the end of the second quarter of 2020. This was a change of 5 from the first quarter of 2020. Clearly the hedge fund sentiments have been on the upswing this year. Please see the detailed chart here to track hedge sentiments over the last 18 quarters.
Louisiana-Pacific Corp (NYSE:LPX)
Impala Asset Management’s stake in Louisiana-Pacific Corp (NYSE:LPX) is at 2.35 Million shares at a value of $60.46 Million. This comprises 6.91% of the portfolio. At the end of Mar, the stock price was trading at a low of $17.18, but since then it has steadily risen and is now currently trading at $33.52. Impala Asset Management has reduced its position in Louisiana-Pacific Corp (NYSE:LPX) by 21% from the last quarter. Shareholders have witnessed a decrease in hedge fund sentiment towards Louisiana-Pacific Corp (NYSE:LPX). At the end of 2nd quarter 2020, Insider Monkey tracked a total of 26 hedge funds holding positions in this stock. The previous quarter there were 29 hedge fund holding positions. A change of 10% from the previous quarter. Among the funds tracked by Insider Monkey, Phill Gross and Robert Atchinson’s Adage Capital Management holds the largest position in Louisiana-Pacific Corp (NYSE:LPX), worth almost $85.19 Million. Impala Asset Management comes in at second, holding a $79.02 Million. Please click here to track the hedge sentiments over the last 18 quarters.
Kansas City Southern (NYSE:KSU)
With 302,492 shares at a value of $45.19 Million, Impala Asset Management’s stake in Kansas City Southern (NYSE:KSU) is at 5.16%. At the end of the 2nd Quarter 2020, Impala has reduced its position in the stock by 40%. The stock is currently trading at $182.78. At the end of the 2nd Quarter, there were a total of 47 hedge funds holding positions in this stock, compared to the 45 hedge funds reported in the 1st Quarter of 2020. Please click here to review the hedge fund sentiment in Kansas City Southern (NYSE:KSU) over the last 18 Quarters.
Disclosure: None. This article is originally published at Insider Monkey.
