Alphatec Holdings Inc (NASDAQ:ATEC) was in 7 hedge funds’ portfolio at the end of the first quarter of 2013. ATEC shareholders have witnessed an increase in hedge fund interest in recent months. There were 6 hedge funds in our database with ATEC positions at the end of the previous quarter.
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Now, it’s important to take a gander at the key action regarding Alphatec Holdings Inc (NASDAQ:ATEC).
How are hedge funds trading Alphatec Holdings Inc (NASDAQ:ATEC)?
At Q1’s end, a total of 7 of the hedge funds we track were long in this stock, a change of 17% from the previous quarter. With hedge funds’ capital changing hands, there exists a few notable hedge fund managers who were upping their holdings meaningfully.
Of the funds we track, Deerfield Management, managed by James E. Flynn, holds the largest position in Alphatec Holdings Inc (NASDAQ:ATEC). Deerfield Management has a $3.1 million position in the stock, comprising 0.2% of its 13F portfolio. Sitting at the No. 2 spot is Adage Capital Management, managed by Phill Gross and Robert Atchinson, which held a $0.7 million position; less than 0.1%% of its 13F portfolio is allocated to the stock. Remaining hedgies that are bullish include Gregory Fraser, Rudolph Kluiber, and Timothy Krochuk’s GRT Capital Partners, Israel Englander’s Millennium Management and Jim Simons’s Renaissance Technologies.
Consequently, specific money managers were leading the bulls’ herd. Renaissance Technologies, managed by Jim Simons, initiated the biggest position in Alphatec Holdings Inc (NASDAQ:ATEC). Renaissance Technologies had 0.1 million invested in the company at the end of the quarter. Ken Griffin’s Citadel Investment Group also made a $0 million investment in the stock during the quarter.
What do corporate executives and insiders think about Alphatec Holdings Inc (NASDAQ:ATEC)?
Insider trading activity, especially when it’s bullish, is at its handiest when the company in focus has experienced transactions within the past half-year. Over the last half-year time frame, Alphatec Holdings Inc (NASDAQ:ATEC) has experienced 1 unique insiders buying, and 6 insider sales (see the details of insider trades here).
With the returns shown by the aforementioned time-tested strategies, everyday investors must always keep an eye on hedge fund and insider trading activity, and Alphatec Holdings Inc (NASDAQ:ATEC) is no exception.