Do Hedge Funds and Insiders Love Simon Property Group, Inc (NYSE:SPG)?

Simon Property Group, Inc (NYSE:SPG) was in 22 hedge funds’ portfolio at the end of the fourth quarter of 2012. SPG investors should pay attention to a decrease in enthusiasm from smart money lately. There were 28 hedge funds in our database with SPG positions at the end of the previous quarter.

In today’s marketplace, there are a multitude of metrics investors can use to monitor Mr. Market. Some of the most underrated are hedge fund and insider trading activity. At Insider Monkey, our studies have shown that, historically, those who follow the best picks of the elite hedge fund managers can outperform the broader indices by a healthy amount (see just how much).

Just as key, positive insider trading sentiment is another way to parse down the marketplace. Just as you’d expect, there are many reasons for an insider to sell shares of his or her company, but only one, very simple reason why they would initiate a purchase. Many empirical studies have demonstrated the impressive potential of this tactic if you know where to look (learn more here).

With all of this in mind, let’s take a gander at the key action regarding Simon Property Group, Inc (NYSE:SPG).

What have hedge funds been doing with Simon Property Group, Inc (NYSE:SPG)?

Heading into 2013, a total of 22 of the hedge funds we track were bullish in this stock, a change of -21% from the third quarter. With hedge funds’ capital changing hands, there exists a few key hedge fund managers who were boosting their holdings considerably.

Of the funds we track, AEW Capital Management, managed by Jeffrey Furber, holds the biggest position in Simon Property Group, Inc (NYSE:SPG). AEW Capital Management has a $509 million position in the stock, comprising 13.4% of its 13F portfolio. Coming in second is Ken Griffin of Citadel Investment Group, with a $323 million position; 0% of its 13F portfolio is allocated to the company. Some other hedge funds that are bullish include Ken Heebner’s Capital Growth Management, D. E. Shaw’s D E Shaw and Phill Gross and Robert Atchinson’s Adage Capital Management.

Due to the fact that Simon Property Group, Inc (NYSE:SPG) has faced a declination in interest from the entirety of the hedge funds we track, we can see that there was a specific group of hedge funds that slashed their full holdings last quarter. Intriguingly, Israel Englander’s Millennium Management dumped the biggest position of the 450+ funds we key on, valued at about $15 million in call options, and Jim Simons of Renaissance Technologies was right behind this move, as the fund cut about $9 million worth. These moves are important to note, as aggregate hedge fund interest fell by 6 funds last quarter.

How are insiders trading Simon Property Group, Inc (NYSE:SPG)?

Bullish insider trading is most useful when the company in focus has seen transactions within the past half-year. Over the last half-year time frame, Simon Property Group, Inc (NYSE:SPG) has seen 2 unique insiders buying, and 4 insider sales (see the details of insider trades here).

With the returns shown by the aforementioned studies, retail investors must always watch hedge fund and insider trading activity, and Simon Property Group, Inc (NYSE:SPG) 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. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

Shopaholics Rejoice: The 12 Biggest Malls in the World

Fright Night: 10 Horror Movies Based on True Stories

Mach Mania: The 10 Fastest Jets in the World

Military Heavyweights: The 10 Countries with the Most Tanks

All In: The 7 Richest Poker Players in the World

Abracadabra: The 10 Best Magicians in the World

The 10 Richest Asian Countries in the World in 2014

Eyes in the Sky: 10 Things You Need to Know About Drones

Rising Stars: The 6 Best Silicon Valley Startups

Military Muscle: The 5 Most Advanced Armies in South America

All that Glitters: The 7 Most Luxurious Jewelry Brands in the World

5 Things You Didn’t Know About ISIS but Should

Empowering Your Money: The 5 Best Energy Stocks to Invest In

The 11 Best Android Apps You Can’t Get on iOS

The 10 Most Important International Conflicts in 2014

Mood Enhancers: The 20 Most Uplifting Songs of all Time

Lover Beware: The 8 Countries that Cheat the Most

Breath of Fresh Air: The 25 Countries with the Best Air Quality on the Planet

Singles Beware: The 8 Worst Mistakes Made on First Dates

Healthy and Happy: The 10 Countries with Lowest Healthcare Costs

The 6 Best Company Team Building Activities to Build Workplace Camaraderie

Ships Ahoy: The 10 Busiest Shipping Ports in the World

10 Productivity Tips to Save You Time and Help You Do More With Less

Grab a Bite: The Most Popular Fast Food Restaurants in America

Friday Night Thirst: The 10 Most Popular Cocktails in the World

The 6 Greatest Unsolved Mysteries We May Never Figure Out

7 Useless Products You Never Should’ve Bought

The 5 Reasons Why You’re Single and Miserable

The 7 Most Addictive Foods in the World We Can’t Stop Eating (Even Though We Should)

5 Amazing Places You Can Swim with Dolphins

The Top 7 Most Livable Countries In The World

The 10 Most Expensive Baseball Cards Ever Pulled From A Pack

The 5 Easiest Second Languages to Learn for English Speakers

Silver Spoon: The 6 Richest Families in the World

The 20 Countries with the Largest Prison Populations in the World

The Top 10 Richest Actors in the World

The 10 Best Airline Stocks to Invest In Before They Fly Too High

Burger Kings: The 10 Most Expensive Burgers in the World

The 10 Most Ethnically Diverse Countries in the World

The 10 Most Exclusive Credit Cards in the World

The 10 Most Expensive Cruise Ships in the World

The 10 Fastest Supercomputers in the World

The 10 Best Countries for Doing Business 2015

6 Most Expensive Fruits In The World

10 Worst Airlines in the World

The 10 Biggest Tax Havens in the World to Stash Your Money

The 15 Most Murderous Countries in the World

10 Largest Colleges in the World: Bigger Isn’t Always Better

Comedians in Cars Getting Coffee: The 6 Comedians Seinfeld Needs to Interview

Easy Money: The 10 Most Successful Investors in the World Today

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!