Do Hedge Funds and Insiders Love Dillard’s, Inc. (DDS)?

Page 1 of 2

To many of your peers, hedge funds are seen as overrated, outdated financial tools of an era lost to time. Although there are In excess of 8,000 hedge funds in operation in present day, Insider Monkey focuses on the crème de la crème of this club, about 525 funds. It is widely held that this group oversees most of the hedge fund industry’s total capital, and by watching their highest quality stock picks, we’ve uncovered a few investment strategies that have historically outpaced the market. Our small-cap hedge fund strategy outperformed the S&P 500 index by 18 percentage points per annum 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 trumped the S&P 500 index by 33 percentage points in 11 months (find a sample of our picks).

Just as useful, optimistic insider trading activity is a second way to look at the world of equities. There are a number of motivations for a bullish insider to cut shares of his or her company, but just one, very obvious reason why they would initiate a purchase. Many academic studies have demonstrated the useful potential of this method if shareholders know what to do (learn more here).

Dillard's, Inc. (NYSE:DDS)

Thus, let’s study the recent info about Dillard’s, Inc. (NYSE:DDS).

How have hedgies been trading Dillard’s, Inc. (NYSE:DDS)?

At Q2′s end, a total of 20 of the hedge funds we track were long in this stock, a change of -5% from the previous quarter. With hedge funds’ capital changing hands, there exists a select group of noteworthy hedge fund managers who were increasing their holdings considerably.

According to our 13F database, Cliff Asness’s AQR Capital Management had the most valuable position in Dillard’s, Inc. (NYSE:DDS), worth close to $72.8 million, accounting for 0.3% of its total 13F portfolio. Coming in second is Jim Simons of Renaissance Technologies, with a $68.9 million position; the fund has 0.2% of its 13F portfolio invested in the stock. Some other hedgies that are bullish include John Overdeck and David Siegel’s Two Sigma Advisors, Steven Cohen’s SAC Capital Advisors and Peter Rathjens, Bruce Clarke and John Campbell’s Arrowstreet Capital.

Due to the fact Dillard’s, Inc. (NYSE:DDS) has faced a fall in interest from the smart money’s best and brightest, it’s safe to say that there exists a select few hedgies that slashed their positions entirely at the end of the second quarter. Intriguingly, Curtis Macnguyen’s Ivory Capital (Investment Mgmt) said goodbye to the biggest position of the “upper crust” of funds we key on, valued at about $4.8 million in stock, and D. E. Shaw of D E Shaw was right behind this move, as the fund sold off about $1 million worth. These transactions are intriguing to say the least, as total hedge fund interest dropped by 1 funds at the end of the second quarter.

What have insiders been doing with Dillard’s, Inc. (NYSE:DDS)?

Legal insider trading, particularly when it’s bullish, is best served when the company we’re looking at has seen transactions within the past six months. Over the last six-month time period, Dillard’s, Inc. (NYSE:DDS) has experienced zero unique insiders purchasing, and zero insider sales (see the details of insider trades here).

We’ll also review the relationship between both of these indicators in other stocks similar to Dillard’s, Inc. (NYSE:DDS). These stocks are Sears Hometown and Outlet Stores Inc (NASDAQ:SHOS), Kohl’s Corporation (NYSE:KSS), Saks Inc (NYSE:SKS), Sears Holdings Corporation (NASDAQ:SHLD), and J.C. Penney Company, Inc. (NYSE:JCP). This group of stocks are the members of the department stores industry and their market caps resemble DDS’s market cap.

Page 1 of 2
blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

Top 6 Least Expensive Cruise Destinations For 2015 that Will Take You to Paradise

10 States with Lowest Substance Abuse Rates in America

The 14 Most Watched TV Finales Ever

The 10 Best Selling Role Playing Games of All Time for PC

10 Most Influential Papers In Economics

Top 8 Biggest Charities in the US

10 Worst Celebrity Career Moves Ever

Top 10 Best Paid Tennis Stars in the World

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

6 Ways to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

10 Best Places to Visit in Central and South America

The 10 Greatest Empires in History Which Nearly Conquered the World

The 6 Cheapest Boarding Schools In America 2015

5 Clear Reasons LoL is Better than DotA, Continues to Rule MOBAs

The Only 9 Teams with a Chance to Win the Super Bowl

The 15 Most Common Phobias in America that Induce Fits of Panic

Top 6 Least Expensive Tourist Destinations in 2014

Jim Goetz, Peter Fenton, Jim Breyer: Top 6 Venture Investors for 2014

Top 15 Billionaires in 2014

5 Pitfalls To Avoid When Buying a Franchise

Top 20 Medical Schools in the US – 2014 Rankings

4 Business Strategies that Turned Jamie Oliver into the World’s Richest Chef

6 Qualities That Make You A Good Team Player

10 High Paying Seasonal Jobs in America this Holiday Season

The 10 Busiest Shipping Lanes in the World

5 Most Valuable Brands in China

The 10 States with Highest Substance Abuse Rates Crippling Their Populace

The Top 10 Things to Do Before You Die That Will Echo for Eternity

The 10 Best Selling Items on Etsy

Top 10 Things to Do in Tokyo, the Greatest City in the World

10 Mistakes on Social Media that Can Harm You and Will Probably Get You Canned

The 10 Best Cities to Find Jobs in 2014

The 10 Most Controversial Songs Of All Time to Hit (and get Banned from) the Airwaves

The 20 Biggest IPOs in US History

The 10 Best Places to Visit in Mexico that Are Beautiful and Safe

7 Bad Habits that Age You Beyond Your Years

The 40 Best Fortune Cookie Sayings That Will Leave You Bemused, Befuddled, or Beguiled

10 Foods to Eat Before a Workout to Make Every Drop of Sweat Count

The 5 Best Documentaries On Netflix You Must See

The Most Heartwarming and Inspirational Story Of This Halloween Season, It Will Make You Cry and Jump For Joy

10 Best Party Songs of All Time to Bring the House Down With

5 New World Order Conspiracy Theories that Will Strangle the World

The 10 Highest Rated Movies of 2014

The 10 Largest Container Shipping Companies in the World

The 10 Largest Armies in the World: Who Should We Be Afraid Of?

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 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!