Nomura Holdings, Inc. (ADR) (NYSE:NMR) was in 8 hedge funds’ portfolio at the end of March. NMR has experienced an increase in support from the world’s most elite money managers lately. There were 5 hedge funds in our database with NMR positions at the end of the previous quarter.
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Keeping this in mind, let’s take a gander at the latest action regarding Nomura Holdings, Inc. (ADR) (NYSE:NMR).
How are hedge funds trading Nomura Holdings, Inc. (ADR) (NYSE:NMR)?
At the end of the first quarter, a total of 8 of the hedge funds we track held long positions in this stock, a change of 60% from the previous quarter. With the smart money’s capital changing hands, there exists a few key hedge fund managers who were boosting their stakes meaningfully.
Of the funds we track, Dreman Value Management, managed by David Dreman, holds the biggest position in Nomura Holdings, Inc. (ADR) (NYSE:NMR). Dreman Value Management has a $5.3 million position in the stock, comprising 0.1% of its 13F portfolio. On Dreman Value Management’s heels is D E Shaw, managed by D. E. Shaw, which held a $4.6 million position; less than 0.1%% of its 13F portfolio is allocated to the stock. Some other peers with similar optimism include Ken Griffin’s Citadel Investment Group, Charles Davidson’s Wexford Capital and Peter Rathjens, Bruce Clarke and John Campbell’s Arrowstreet Capital.
With a general bullishness amongst the heavyweights, specific money managers have been driving this bullishness. Citadel Investment Group, managed by Ken Griffin, established the most valuable position in Nomura Holdings, Inc. (ADR) (NYSE:NMR). Citadel Investment Group had 1.5 million invested in the company at the end of the quarter. Charles Davidson’s Wexford Capital also initiated a $0.9 million position during the quarter. The following funds were also among the new NMR investors: Jim Simons’s Renaissance Technologies and Matthew Tewksbury’s Stevens Capital Management.
What do corporate executives and insiders think about Nomura Holdings, Inc. (ADR) (NYSE:NMR)?
Insider purchases made by high-level executives is best served when the company in question has seen transactions within the past 180 days. Over the last half-year time period, Nomura Holdings, Inc. (ADR) (NYSE:NMR) has seen zero unique insiders buying, and zero insider sales (see the details of insider trades here).
Let’s check out hedge fund and insider activity in other stocks similar to Nomura Holdings, Inc. (ADR) (NYSE:NMR). These stocks are LPL Financial Holdings Inc (NASDAQ:LPLA), TD Ameritrade Holding Corp. (NYSE:AMTD), Morgan Stanley (NYSE:MS), CME Group Inc (NASDAQ:CME), and Charles Schwab Corp (NYSE:SCHW). All of these stocks are in the investment brokerage – national industry and their market caps resemble NMR’s market cap.