Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

3 Stocks Hedge Funds Were Snapping Up During the Crash

Page 1 of 2

In a new filing with the U.S. Securities and Exchange Commission, William B. Gray’s Orbis Investment Management Ltd disclosed ownership of 3.46 million shares of NOW Inc (NYSE:DNOW), a 3.23% stake in the company. In this article, we’ll dig into this filing, as well as the latest filings from Red Alder GP LLC and Woodford Investment Management.

Alaska Oil Pipeline stocks WMB KMI EPD ETP SLX ENB

Jonathan Nafzger /

We track the latest moves of hedge funds to learn about their investment patterns. We mainly focus on the fund’s top 15 small-cap stocks. We gather and share this information based on 16 years of research which showed that these 15 most popular small-cap picks have great potential to outperform the market, beating the S&P 500 Total Return Index by nearly one percentage point per month in backtests, and easily beating the most popular large-cap picks of funds, which nonetheless get the majority of their collective capital. Why pay fees to invest in both the best and worst ideas of a particular hedge fund when you can simply mimic only the very best ideas of the best fund managers on your own? Since the beginning of forward testing in August 2012, the Insider Monkey small-cap strategy has outperformed the market every year, returning 102%, over two-times greater returns than the S&P 500 during the same period (see more details).

Orbis is a relatively large fund with offices in many big cities such as London, Hong Kong, and Sydney. Orbis Investment’s umbrella of funds utilizes a variety of strategies, but for the most part, they are long-term investors. The fund’s public equity portfolio was worth over $13 billion at the end of June, and mainly consisted of Technology, Services, and Basic Materials stocks.

William B. Gray
William B. Gray
Orbis Investment Management

Let’s get back to Orbis Investment’s filing on NOW Inc (NYSE:DNOW). The fund’s disclosed stake represents a massive decrease from the 9.84 million shares that it held at the end of June. Orbis initiated a position in NOW Inc during the second quarter of 2014, when the company went public after being spun-off from National-Oilwell Varco, Inc. (NYSE:NOV). At the end of last year, the fund disclosed increasing its position in the company to 10.72 million shares.

Texas-based NOW Inc (NYSE:DNOW) is engaged in the distribution of oil and gas products in the U.S, Canada, and other countries. It has a market cap of nearly $2.0 billion. The company’s shares are showing some improvement, increasing by nearly 9% during the last 30 days. However, the stock has still lost 32.88% year-to-date. Another investor that sees value in NOW Inc is First Eagle Investment Management, which holds 8.53 million shares of the company.

Follow Now Inc. (NYSE:DNOW)
Trade (NYSE:DNOW) Now!

On the next page, you’ll learn about the stock in which Red Alder GP reported an ownership stake of over 5%.

Page 1 of 2

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!