Isoftstone Holdings Ltd (ISS)

In a newly amended filing with the U.S. Securities and Exchange Commission, Orange Capital, managed by Daniel Lewis, has revealed cutting its position in PHH Corporation (NYSE:PHH).

In the eyes of many of your fellow readers, hedge funds are perceived as bloated, outdated investment tools of a forgotten age.

Computer Task Group, Inc. (NASDAQ:CTGX) was in 6 hedge funds' portfolio at the end of the first quarter of 2013.

To the average investor, there are tons of metrics market participants can use to track publicly traded companies. A duo of the most under-the-radar are hedge fund and insider trading movement.

iSoftStone Holdings Ltd (ADR) (NYSE:ISS) was in 5 hedge funds' portfolio at the end of the first quarter of 2013. ISS investors should be aware of a decrease in enthusiasm from smart money recently.

To most stock holders, hedge funds are assumed to be underperforming, outdated financial vehicles of yesteryear.