Do Hedge Funds and Insiders Love FedEx Corporation (NYSE:FDX)?

Is FedEx Corporation (NYSE:FDX) worth your attention right now? The best stock pickers are taking a bullish view. The number of long hedge fund positions increased by 4 lately.

According to most traders, hedge funds are seen as worthless, old investment tools of yesteryear. While there are greater than 8000 funds with their doors open today, we choose to focus on the elite of this club, about 450 funds. It is widely believed that this group controls the lion’s share of the hedge fund industry’s total capital, and by monitoring their best investments, we have unearthed a number of investment strategies that have historically outperformed the market. Our small-cap hedge fund strategy beat the S&P 500 index by 18 percentage points a year for a decade in our back tests, and since we’ve started sharing our picks with our subscribers at the end of August 2012, we have beaten the S&P 500 index by 25 percentage points in 6.5 month (see all of our picks from August).

FedEx Corporation (NYSE:FDX)Equally as key, optimistic insider trading activity is a second way to parse down the financial markets. Obviously, there are a number of stimuli for an executive to get rid of shares of his or her company, but only one, very clear reason why they would behave bullishly. Plenty of academic studies have demonstrated the valuable potential of this strategy if “monkeys” understand what to do (learn more here).

With these “truths” under our belt, it’s important to take a glance at the latest action encompassing FedEx Corporation (NYSE:FDX).

How are hedge funds trading FedEx Corporation (NYSE:FDX)?

In preparation for this year, a total of 40 of the hedge funds we track were bullish in this stock, a change of 11% from one quarter earlier. With the smart money’s capital changing hands, there exists a select group of notable hedge fund managers who were increasing their holdings meaningfully.

When looking at the hedgies we track, Southeastern Asset Management, managed by Mason Hawkins, holds the most valuable position in FedEx Corporation (NYSE:FDX). Southeastern Asset Management has a $1.495 billion position in the stock, comprising 6.5% of its 13F portfolio. Sitting at the No. 2 spot is Edgar Wachenheim of Greenhaven Associates, with a $414 million position; the fund has 12.6% of its 13F portfolio invested in the stock. Other hedgies with similar optimism include Michael Larson’s Bill & Melinda Gates Foundation Trust, Bain Capital’s Brookside Capital and Ken Griffin’s Citadel Investment Group.

Consequently, some big names were leading the bulls’ herd. Brookside Capital, managed by Bain Capital, initiated the most valuable position in FedEx Corporation (NYSE:FDX). Brookside Capital had 144 million invested in the company at the end of the quarter. Anthony Bozza’s Lakewood Capital Management also initiated a $26 million position during the quarter. The other funds with brand new FDX positions are Kerr Neilson’s Platinum Asset Management, James Dondero’s Highland Capital Management, and Andrew Sandler’s Sandler Capital Management.

What have insiders been doing with FedEx Corporation (NYSE:FDX)?

Insider buying is best served when the company in question has experienced transactions within the past half-year. Over the last half-year time period, FedEx Corporation (NYSE:FDX) has seen 1 unique insiders purchasing, and 7 insider sales (see the details of insider trades here).

With the returns demonstrated by the aforementioned studies, everyday investors must always monitor hedge fund and insider trading sentiment, and FedEx Corporation (NYSE:FDX) 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.

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

The 10 Countries with the Highest Suicide Rates

The 10 Most Technologically Advanced Countries in the World

The 10 Safest Countries in the World to Live in Peace

The 10 Top Selling Smartphones in the World 2014

The 12 Biggest Shopping Centers in the World

The 10 Friendliest Countries in the World

Qihoo 360 Technology Co Ltd (QIHU), Actavis plc (ACT), Yahoo! Inc. (YHOO) Among 20 Long Ideas from Sohn Canada

The 10 Laziest Countries in the World

The 10 Most Polluted Countries in the World

The 10 Most Dangerous Cities in America 2014

The Top 10 Gold Producing Countries in the World

The 10 Tallest Buildings in the World

The 10 Richest Stand Up Comedians in the World

The 10 Fattest Countries in the World

The 5 Best Summer Jobs for Teens

The 10 Most Religious Countries in the World Keeping the Faith

The 10 Most Educated Countries in the World

The 10 Most Popular Cell Phones in the World

The 10 Drunkest Countries in the World

The 10 Most Expensive Private Schools in the World

The 10 Smallest Countries in the World

Walking Dead Season 5 Spoilers You’ll Wish You Didn’t Know

The 10 Poorest Countries in the World

The 10 Greenest Countries in the World

The Top 10 Countries with the Highest Population in the World

The 10 Most Visited Countries in the World

The Top 10 Star Wars Characters in the Iconic Series

The 10 Most Expensive Android Phones in the World

5 Reasons Why The Illuminati Is Real and a Threat to Society

The 6 Scariest Halloween Costumes Ever Screamed At

The 4 Biggest Hedge Fund Managers in the World Today

The 15 Most Densely Populated Countries in the World

The 10 Biggest Tea Drinking Countries in the World

Top 6 Ways to Improve Your Checkout Process and Close Sales

The 5 Most Profitable Online Businesses You Can Start Today

The 20 Most Profitable Hospitals in the US

The 5 Most Profitable Home Businesses to Start

The 7 Teams that Will Win the Stanley Cup in 2015

The Top 10 Most Expensive Digital Cameras to Snap Stunning Shots With

The 10 Highest Quality Fast Food Restaurants In America Today

The 8 Best Halloween Decorating Ideas to Spook Up Your House

10 Marvel Women that Should Get a Movie Right Now

The 20 Best Remixes of Popular Songs that Will Make You Forget the Originals

7 Most Expensive Cities in the World

5 Least Expensive Cities in the World

10 Celebrities Who Believe In Scientology

10 High Margin Food Products to Build a Business Around

The 10 Most Expensive Clothing Stores in the United States to Get Decked Out At

The 5 Biggest Kickstarter Scams That Swindled Backers’ Donations

The 10 Most Expensive Boarding Schools In the World

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!