Do Hedge Funds and Insiders Love Cemex SAB de CV (ADR) (NYSE:CX)?

Cemex SAB de CV (ADR) (NYSE:CX) investors should pay attention to an increase in support from the world’s most elite money managers lately.

3 Commodities For A Housing Recovery

If you’d ask most traders, hedge funds are viewed as slow, outdated investment vehicles of years past. While there are more than 8000 funds with their doors open today, we choose to focus on the moguls of this group, close to 450 funds. It is widely believed that this group controls the majority of all hedge funds’ total capital, and by watching their top investments, we have brought to light a few investment strategies that have historically beaten the S&P 500 index. Our small-cap hedge fund strategy outstripped the S&P 500 index by 18 percentage points annually 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 outpaced the S&P 500 index by 25 percentage points in 6.5 month (explore the details and some picks here).

Just as key, bullish insider trading activity is another way to break down the stock market universe. Obviously, there are many motivations for an upper level exec to cut shares of his or her company, but just one, very simple reason why they would behave bullishly. Several empirical studies have demonstrated the valuable potential of this strategy if piggybackers know where to look (learn more here).

With all of this in mind, we’re going to take a gander at the latest action encompassing Cemex SAB de CV (ADR) (NYSE:CX).

How have hedgies been trading Cemex SAB de CV (ADR) (NYSE:CX)?

In preparation for this year, a total of 28 of the hedge funds we track were bullish in this stock, a change of 40% from the third quarter. With the smart money’s positions undergoing their usual ebb and flow, there exists a select group of notable hedge fund managers who were upping their stakes considerably.

Of the funds we track, Southeastern Asset Management, managed by Mason Hawkins, holds the most valuable position in Cemex SAB de CV (ADR) (NYSE:CX). Southeastern Asset Management has a $790 million position in the stock, comprising 3.5% of its 13F portfolio. Coming in second is Sean Cullinan of Point State Capital, with a $101 million position; the fund has 1.5% of its 13F portfolio invested in the stock. Some other peers that are bullish include Peter Rathjens, Bruce Clarke and John Campbell’s Arrowstreet Capital, John Lykouretzos’s Hoplite Capital Management and D. E. Shaw’s D E Shaw.

As industrywide interest jumped, key money managers were leading the bulls’ herd. Hoplite Capital Management, managed by John Lykouretzos, assembled the largest position in Cemex SAB de CV (ADR) (NYSE:CX). Hoplite Capital Management had 44 million invested in the company at the end of the quarter. D. E. Shaw’s D E Shaw also initiated a $42 million position during the quarter. The other funds with brand new CX positions are Roberto Mignone’s Bridger Management, Stanley Druckenmiller’s Duquesne Capital, and Clint Carlson’s Carlson Capital.

How are insiders trading Cemex SAB de CV (ADR) (NYSE:CX)?

Insider buying is most useful when the company in focus has experienced transactions within the past six months. Over the latest six-month time period, Cemex SAB de CV (ADR) (NYSE:CX) has seen zero unique insiders purchasing, and zero insider sales (see the details of insider trades here).

With the results shown by the aforementioned studies, everyday investors must always keep an eye on hedge fund and insider trading sentiment, and Cemex SAB de CV (ADR) (NYSE:CX) is no exception.

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.

Biotech Insider Alert - $6 Stock To Hit $40

$200 Million Dollar Healthcare Hedge Fund's #1 Best Idea Right Now

The best healthcare hedge fund out there right now is one of the largest shareholders in this biotech stock. The fund returned more than 20% in each of the last 2 years with a virtually fully hedged portfolio, and it's sending out a BUY signal on this biotech stock. Get your FREE REPORT today (retail value of $300)

This is a FREE report from Insider Monkey. Credit Card is NOT required.
Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The Most Wanted Drug Lords

The Oldest Money Managers

The Greatest Directors in the World

Largest Animals in the World

World’s Most Expensive Desserts

Best Selling Comic Books of All Time

A-list Actors who Sabotaged Their Career

Rappers With a College Degree

The Best Jazz Albums of all Time

The Most Influential Jazz Musicians

The World’s Most Famous Photographers

The Best Oscar-Winning Songs

Most Influential Choreographers Ever

Most Expensive Department Stores in the World

The Most Expensive Stolen Paintings in the World

The World’s Most Expensive Teas

Top Oscar Record Holders

The Most Expensive Flowers in the World

Countries With a Booming Film Industry

Most Expensive Cupcakes in the World

Uncommon European Escapes

The Most Stolen Artists in History

Best Travel Destinations in Australia

World’s Most Expensive Musical Instruments

World’s Most Famous Animals

Most Expensive Cakes in the World

Most Expensive Kosher Champagne in the World

Most Expensive Kosher Wine in the World

The Most Surprisingly Dark Fairy Tales

Most Popular Travel Destinations in Asia

The 10 Most Expensive Dresses Ever Worn to the Oscars

World’s Most Visited Art Museums

Best Countries for Photographers to Work in

Best Paid Jobs in the Film Industry

The Most Renowned Recovered Paintings Ever

Child Stars That Turned out Just Fine

Books That Were Banned in the Past Century

World’s Richest Dancers

Best Remedies against Bad Breath

Foods That Improve Your Skin Texture

Best-Selling Children’s Books of all Time

Foods That Boost Your Libido

Best-Selling Books of all Time

The Most Expensive Academy Awards Jewelry in History

Most Expensive Japanese Restaurant In New York City

The Best B-Boy Movies

Most Awesome Hip Hop Documentaries

Foods That Stain Your Teeth

Richest Doctors in the World

The Best Movie Sountracks Ever

Subscribe

Enter your email:

Delivered by FeedBurner

X

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 129% in 2.5 years!! Wondering How?

Download a complete edition of our newsletter for free!