Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Do Hedge Funds Love HCP, Inc. (HCP)?

Page 1 of 2

The market has been volatile as the Federal Reserve winds down its easy money policies. Small cap stocks have been hit hard as a result, as the Russell 2000 ETF (IWM) has underperformed the larger S&P 500 ETF (SPY) by more than 14 percentage points between June 25th and the end of October. SEC filings and hedge fund investor letters indicate that the smart money seems to be paring back their overall long exposure, and the funds’ movements is one of the reasons why the major indexes have retraced. In this article, we analyze what the smart money thinks of HCP, Inc. (NYSE:HCP) and find out how it is affected by the hedge funds’ moves.

HCP, Inc. (NYSE:HCP) has experienced a decrease in hedge fund interest in recent months. HCP was in 17 hedge funds’ portfolios at the end of September. There were 19 hedge funds in our database with HCP positions at the end of the previous quarter. The level and the change in hedge fund popularity aren’t the only variables you need to analyze to decipher hedge funds’ perspectives. A stock may witness a boost in popularity, but it may still be less popular than similarly priced stocks. That’s why at the end of this article we will examine companies such as Paychex, Inc. (NASDAQ:PAYX), Potash Corp./Saskatchewan (USA) (NYSE:POT), and Vornado Realty Trust (NYSE:VNO) to gather more data points.

Follow Hcp Inc. (NYSE:HCP)
Trade (NYSE:HCP) Now!

Today there are numerous methods investors use to value stocks. A couple of the most useful methods are hedge fund and insider trading activity. Our researchers have shown that, historically, those who follow the top picks of the top hedge fund managers can outclass the market by a healthy amount (see the details here).

Now, we’re going to go over the new action encompassing HCP, Inc. (NYSE:HCP).

How have hedgies been trading HCP, Inc. (NYSE:HCP)?

At the end of the third quarter, a total of 17 of the hedge funds tracked by Insider Monkey were bullish on this stock, a change of -11% from one quarter earlier. With hedge funds’ capital changing hands, there exists a few notable hedge fund managers who were upping their holdings meaningfully (or already accumulated large positions).

According to publicly available hedge fund and institutional investor holdings data compiled by Insider Monkey, AEW Capital Management, managed by Jeffrey Furber, holds the number one position in HCP, Inc. (NYSE:HCP). AEW Capital Management has a $112.4 million position in the stock, comprising 2.6% of its 13F portfolio. The second most bullish fund is Renaissance Technologies, with a $64.8 million position; 0.2% of its 13F portfolio is allocated to the stock. Some other members of the smart money with similar optimism contain Cliff Asness’s AQR Capital Management, Phill Gross and Robert Atchinson’s Adage Capital Management and Joshua Friedman and Mitchell Julis’s Canyon Capital Advisors.

Page 1 of 2

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...
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 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!