Visteon Corp (NYSE:VC) was in 48 hedge funds’ portfolio at the end of March. VC shareholders have witnessed an increase in hedge fund interest of late. There were 43 hedge funds in our database with VC positions at the end of the previous quarter.
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Now, let’s take a glance at the key action regarding Visteon Corp (NYSE:VC).
How have hedgies been trading Visteon Corp (NYSE:VC)?
Heading into Q2, a total of 48 of the hedge funds we track held long positions in this stock, a change of 12% from the previous quarter. With hedgies’ positions undergoing their usual ebb and flow, there exists an “upper tier” of noteworthy hedge fund managers who were increasing their stakes meaningfully.
When looking at the hedgies we track, SAC Capital Advisors, managed by Steven Cohen, holds the largest position in Visteon Corp (NYSE:VC). SAC Capital Advisors has a $150.1 million position in the stock, comprising 0.7% of its 13F portfolio. Coming in second is Barry Rosenstein of JANA Partners, with a $133.1 million position; 2.8% of its 13F portfolio is allocated to the company. Remaining hedgies with similar optimism include Mark T. Gallogly’s Centerbridge Partners, Christopher Pucillo’s Solus Alternative Asset Management and Jonathon Jacobson’s Highfields Capital Management.
Consequently, some big names were breaking ground themselves. Nokota Management, managed by Matthew Knauer and Mina Faltas, initiated the most outsized position in Visteon Corp (NYSE:VC). Nokota Management had 18.8 million invested in the company at the end of the quarter. Douglas Hirsch’s Seneca Capital also initiated a $13.8 million position during the quarter. The following funds were also among the new VC investors: Phill Gross and Robert Atchinson’s Adage Capital Management, D. E. Shaw’s D E Shaw, and Guru Ramakrishnan’s Meru Capital.
What do corporate executives and insiders think about Visteon Corp (NYSE:VC)?
Insider purchases made by high-level executives is at its handiest when the company in question has seen transactions within the past 180 days. Over the latest half-year time frame, Visteon Corp (NYSE:VC) has experienced 3 unique insiders purchasing, and 3 insider sales (see the details of insider trades here).
Let’s also review hedge fund and insider activity in other stocks similar to Visteon Corp (NYSE:VC). These stocks are Allison Transmission Holdings Inc (NYSE:ALSN), WABCO Holdings Inc. (NYSE:WBC), Tenneco Inc (NYSE:TEN), Dana Holding Corporation (NYSE:DAN), and Gentex Corporation (NASDAQ:GNTX). This group of stocks belong to the auto parts industry and their market caps are closest to VC’s market cap.
| Company Name | # of Hedge Funds | # of Insiders Buying | # of Insiders Selling |
| Allison Transmission Holdings Inc (NYSE:ALSN) | 6 | 0 | 11 |
| WABCO Holdings Inc. (NYSE:WBC) | 33 | 0 | 8 |
| Tenneco Inc (NYSE:TEN) | 24 | 1 | 11 |
| Dana Holding Corporation (NYSE:DAN) | 36 | 0 | 3 |
| Gentex Corporation (NASDAQ:GNTX) | 13 | 0 | 6 |
With the results exhibited by Insider Monkey’s research, retail investors must always monitor hedge fund and insider trading activity, and Visteon Corp (NYSE:VC) is an important part of this process.
