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DISH Network Corp. (NASDAQ:DISH): Insiders Are Dumping, Should You?

DISH Network Corp. (NASDAQ:DISH) investors should be aware of an increase in support from the world’s most elite money managers recently.

DISH Network Corp. NASDAQ:DISH

In the eyes of most stock holders, hedge funds are assumed to be slow, old investment tools of years past. While there are over 8000 funds in operation at the moment, we hone in on the bigwigs of this club, about 450 funds. It is estimated that this group has its hands on the lion’s share of all hedge funds’ total capital, and by watching their best investments, we have found a few investment strategies that have historically outperformed the market. Our small-cap hedge fund strategy outpaced the S&P 500 index by 18 percentage points a year for a decade in our back tests, and since we’ve began to sharing our picks with our subscribers at the end of August 2012, we have outperformed the S&P 500 index by 25 percentage points in 6.5 month (see the details here).

Equally as beneficial, bullish insider trading sentiment is another way to parse down the investments you’re interested in. Obviously, there are many stimuli for a corporate insider to drop shares of his or her company, but just one, very obvious reason why they would behave bullishly. Various empirical studies have demonstrated the valuable potential of this tactic if piggybackers understand what to do (learn more here).

Keeping this in mind, let’s take a look at the recent action encompassing DISH Network Corp. (NASDAQ:DISH).

What does the smart money think about DISH Network Corp. (NASDAQ:DISH)?

Heading into 2013, a total of 34 of the hedge funds we track held long positions in this stock, a change of 3% from one quarter earlier. With hedge funds’ positions undergoing their usual ebb and flow, there exists a select group of key hedge fund managers who were upping their stakes meaningfully.

According to our comprehensive database, Highbridge Capital Management, managed by Glenn Russell Dubin, holds the biggest position in DISH Network Corp. (NASDAQ:DISH). Highbridge Capital Management has a $246 million billion position in the stock, comprising 3.9% of its 13F portfolio. Coming in second is Kenneth Mario Garschina of Mason Capital Management, with a $233 million position; 3.9% of its 13F portfolio is allocated to the company. Some other peers that are bullish include Mario Gabelli’s GAMCO Investors, and Leon Cooperman’s Omega Advisors.

As one would reasonably expect, key money managers have been driving this bullishness. Highbridge Capital Management, managed by Glenn Russell Dubin, created the most outsized position in DISH Network Corp. (NASDAQ:DISH). Highbridge Capital Management had 246 million invested in the company at the end of the quarter. Kenneth Mario Garschina’s Mason Capital Management also made a $233 million investment in the stock during the quarter. The other funds with new positions in the stock are John Brennan’s Sirios Capital Management, Mark Kingdon’s Kingdon Capital, and Lee Hobson’s Highside Capital Management.

How are insiders trading DISH Network Corp. (NASDAQ:DISH)?

Insider trading activity, especially when it’s bullish, is particularly usable when the company in focus has experienced transactions within the past six months. Over the last 180-day time period, DISH Network Corp. (NASDAQ:DISH) has experienced zero unique insiders buying, and 11 insider sales (see the details of insider trades here).

With the results shown by Insider Monkey’s research, everyday investors must always pay attention to hedge fund and insider trading sentiment, and DISH Network Corp. (NASDAQ:DISH) shareholders fit into this picture quite nicely.

Click here to learn more about Insider Monkey’s Hedge Fund Newsletter

Insider Monkey’s small-cap strategy returned 29.2% between September 2012 and February 2013 versus 8.7% for the S&P 500 index. Try it now by clicking the link above.

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