Federal-Mogul Corporation (FDML): Are Hedge Funds Right About This Stock?

Page 1 of 2

Federal-Mogul Corporation (NASDAQ:FDML) was in 5 hedge funds’ portfolio at the end of the first quarter of 2013. FDML has seen a decrease in hedge fund interest recently. There were 6 hedge funds in our database with FDML positions at the end of the previous quarter.

To the average investor, there are dozens of metrics market participants can use to analyze the equity markets. A pair of the most innovative are hedge fund and insider trading interest. At Insider Monkey, our research analyses have shown that, historically, those who follow the top picks of the top money managers can outpace the S&P 500 by a solid amount (see just how much).

ICAHN CAPITAL Carl IcahnEqually as important, positive insider trading activity is another way to break down the investments you’re interested in. As the old adage goes: there are plenty of motivations for a bullish insider to drop shares of his or her company, but only one, very clear reason why they would behave bullishly. Several academic studies have demonstrated the market-beating potential of this method if investors know what to do (learn more here).

With all of this in mind, let’s take a glance at the latest action surrounding Federal-Mogul Corporation (NASDAQ:FDML).

What have hedge funds been doing with Federal-Mogul Corporation (NASDAQ:FDML)?

In preparation for this quarter, a total of 5 of the hedge funds we track held long positions in this stock, a change of -17% from the previous quarter. With hedgies’ sentiment swirling, there exists a select group of key hedge fund managers who were boosting their stakes substantially.

Of the funds we track, Carl Icahn’s Icahn Capital LP had the most valuable position in Federal-Mogul Corporation (NASDAQ:FDML), worth close to $462.5 million, comprising 2.7% of its total 13F portfolio. On Icahn Capital LP’s heels is Mario Gabelli of GAMCO Investors, with a $23.3 million position; 0.1% of its 13F portfolio is allocated to the stock. Remaining hedge funds with similar optimism include Ken Griffin’s Citadel Investment Group, Israel Englander’s Millennium Management and Matthew Hulsizer’s PEAK6 Capital Management.

Seeing as Federal-Mogul Corporation (NASDAQ:FDML) has witnessed a declination in interest from the aggregate hedge fund industry, it’s safe to say that there exists a select few hedgies that elected to cut their full holdings last quarter. At the top of the heap, D. E. Shaw’s D E Shaw sold off the biggest stake of the 450+ funds we watch, worth about $0.3 million in stock.. Matthew Hulsizer’s fund, PEAK6 Capital Management, also dumped its call options., about $0 million worth. These transactions are important to note, as total hedge fund interest dropped by 1 funds last quarter.

How have insiders been trading Federal-Mogul Corporation (NASDAQ:FDML)?

Insider purchases made by high-level executives is most useful when the company in focus has seen transactions within the past 180 days. Over the latest 180-day time frame, Federal-Mogul Corporation (NASDAQ:FDML) has seen zero unique insiders buying, and zero insider sales (see the details of insider trades here).

Let’s also take a look at hedge fund and insider activity in other stocks similar to Federal-Mogul Corporation (NASDAQ:FDML). These stocks are Meritor Inc (NYSE:MTOR), Superior Industries International Inc. (NYSE:SUP), Gentherm Inc (NASDAQ:THRM), Standard Motor Products, Inc. (NYSE:SMP), and Remy International Inc (NASDAQ:REMY). This group of stocks are the members of the auto parts industry and their market caps are closest to FDML’s market cap.

Page 1 of 2
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

4 BuzzWorthy Cannabis Stocks And Some Smoking Derivative Plays

The 10 Healthiest Fast Food Chains in America to Dine At

The 5 Most Expensive Cat Food Brands You Can Spoil Your Kitty With

The 6 Best eCommerce Platforms for Small Businesses

The 10 Worst Mistakes an Entrepreneur Can Make

The 5 Most OP Characters in League of Legends to Carry Games and Crush Foes With

The 5 Best Foods to Eat Before Running that Will Help You Pound the Pavement

10 Glaring Plot Holes in The Walking Dead that a Zombie-Filled Bus Could Drive Through

The 5 Biggest Celebrity Stoners Who Love Their Reefer

The 10 Most Overrated Movies Of All Time by Out-of-Touch Critics

Top 6 Least Expensive Cruise Destinations For 2015 that Will Take You to Paradise

10 States with Lowest Substance Abuse Rates in America

The 14 Most Watched TV Finales Ever

The 10 Best Selling Role Playing Games of All Time for PC

10 Most Influential Papers In Economics

Top 8 Biggest Charities in the US

10 Worst Celebrity Career Moves Ever

Top 10 Best Paid Tennis Stars in the World

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

How to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

10 Best Places to Visit in Central and South America

The 10 Greatest Empires in History Which Nearly Conquered the World

The 6 Cheapest Boarding Schools In America 2015

5 Clear Reasons LoL is Better than DotA, Continues to Rule MOBAs

The Only 9 Teams with a Chance to Win the Super Bowl

The 15 Most Common Phobias in America that Induce Fits of Panic

Top 6 Least Expensive Tourist Destinations in 2014

Jim Goetz, Peter Fenton, Jim Breyer: Top 6 Venture Investors for 2014

Top 15 Billionaires in 2014

5 Pitfalls To Avoid When Buying a Franchise

Top 20 Medical Schools in the US – 2014 Rankings

4 Business Strategies that Turned Jamie Oliver into the World’s Richest Chef

6 Qualities That Make You A Good Team Player

10 High Paying Seasonal Jobs in America this Holiday Season

The 10 Busiest Shipping Lanes in the World

5 Most Valuable Brands in China

The 10 States with Highest Substance Abuse Rates Crippling Their Populace

The Top 10 Things to Do Before You Die That Will Echo for Eternity

The 10 Best Selling Items on Etsy

Top 10 Things to Do in Tokyo, the Greatest City in the World

10 Mistakes on Social Media that Can Harm You and Will Probably Get You Canned

The 10 Best Cities to Find Jobs in 2014

The 10 Most Controversial Songs Of All Time to Hit (and get Banned from) the Airwaves

The 20 Biggest IPOs in US History

The 10 Best Places to Visit in Mexico that Are Beautiful and Safe

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!