The Insider Monkey team has completed processing the quarterly 13F filings for the September quarter submitted by the hedge funds and other money managers included in our extensive database. Most hedge fund investors endured a torrid quarter, which certainly propelled them to adjust their equity holdings so as to maintain the desired risk profile. As a result, the relevancy of these public filings and their content is indisputable, as they may reveal numerous high-potential stocks. The following article will discuss the smart money sentiment towards AMEC Foster Wheeler PLC (NYSE:AMFW).
AMEC Foster Wheeler PLC (NYSE:AMFW) investors should pay attention to an increase in activity from the world’s largest hedge funds of late. At the end of this article we will also compare AMCBF to other stocks, including Fossil Inc (NASDAQ:FOSL), Communications Sales & Leasing Inc (NASDAQ:CSAL), and Central Fund of Canada Limited (USA) (NYSEMKT:CEF) to get a better sense of its popularity.
According to most traders, hedge funds are seen as slow, old investment vehicles of years past. While there are greater than 8000 funds trading today, We look at the masters of this group, around 700 funds. These investment experts preside over the majority of the hedge fund industry’s total capital, and by paying attention to their top investments, Insider Monkey has deciphered various investment strategies that have historically outperformed the broader indices. Insider Monkey’s small-cap hedge fund strategy outperformed the S&P 500 index by 12 percentage points annually for a decade in their back tests.
With all of this in mind, we’re going to take a peek at the recent action regarding AMEC Foster Wheeler PLC (NYSE:AMFW).
How have hedgies been trading AMEC Foster Wheeler PLC (NYSE:AMFW)?
At the end of the third quarter, a total of 5 of the hedge funds tracked by Insider Monkey held long positions in this stock, a change of 25% from one quarter earlier. With hedgies’ sentiment swirling, there exists a select group of noteworthy hedge fund managers who were upping their stakes substantially (or already accumulated large positions).
According to publicly available hedge fund and institutional investor holdings data compiled by Insider Monkey, Kerr Neilson’s Platinum Asset Management has the largest position in AMEC Foster Wheeler PLC (NYSE:AMFW), worth close to $62.1 million, comprising 1.7% of its total 13F portfolio. Coming in second is Citadel Investment Group, managed by Ken Griffin, which holds an $0.4 million position; the fund has less than 0.1%% of its 13F portfolio invested in the stock. Other hedge funds and institutional investors that are bullish encompass Matthew Hulsizer’s PEAK6 Capital Management, Israel Englander’s Millennium Management and Paul Tudor Jones’ Tudor Investment Corp.