Fidelity National Financial Inc (FNF): Are Hedge Funds Right About This Stock?

Page 1 of 2

Fidelity National Financial Inc (NYSE:FNF)Fidelity National Financial Inc (NYSE:FNF) has experienced an increase in hedge fund sentiment in recent months.

To most traders, hedge funds are assumed to be worthless, old financial vehicles of yesteryear. While there are greater than 8000 funds trading at the moment, we look at the leaders of this club, around 450 funds. It is widely believed that this group has its hands on the majority of all hedge funds’ total capital, and by monitoring their top stock picks, we have spotted a number of investment strategies that have historically outpaced Mr. Market. Our small-cap hedge fund strategy outpaced the S&P 500 index by 18 percentage points per annum for a decade in our back tests, and since we’ve started sharing our picks with our subscribers at the end of August 2012, we have outpaced the S&P 500 index by 24 percentage points in 7 months (explore the details and some picks here).

Just as integral, bullish insider trading sentiment is a second way to parse down the world of equities. Obviously, there are a variety of reasons for an insider to get rid of shares of his or her company, but just one, very simple reason why they would buy. Various academic studies have demonstrated the valuable potential of this tactic if piggybackers understand what to do (learn more here).

Now, it’s important to take a glance at the latest action surrounding Fidelity National Financial Inc (NYSE:FNF).

How have hedgies been trading Fidelity National Financial Inc (NYSE:FNF)?

Heading into 2013, a total of 37 of the hedge funds we track were bullish in this stock, a change of 16% from the previous quarter. With the smart money’s positions undergoing their usual ebb and flow, there exists a select group of key hedge fund managers who were upping their holdings significantly.

According to our comprehensive database, Lee Ainslie’s Maverick Capital had the biggest position in Fidelity National Financial Inc (NYSE:FNF), worth close to $210.9 million, accounting for 3.1% of its total 13F portfolio. On Maverick Capital’s heels is Eminence Capital, managed by Ricky Sandler, which held a $102.4 million position; 3% of its 13F portfolio is allocated to the stock. Other peers with similar optimism include Kenneth Mario Garschina’s Mason Capital Management, John Paulson’s Paulson & Co and Michael Kaufman’s MAK Capital One.

Consequently, key hedge funds were breaking ground themselves. Paulson & Co, managed by John Paulson, initiated the biggest position in Fidelity National Financial Inc (NYSE:FNF). Paulson & Co had 58.9 million invested in the company at the end of the quarter. Jacob Doft’s Highline Capital Management also made a $31 million investment in the stock during the quarter. The following funds were also among the new FNF investors: Andrew Feldstein and Stephen Siderow’s Blue Mountain Capital, Donald Chiboucis’s Columbus Circle Investors, and Curtis Macnguyen’s Ivory Capital (Investment Mgmt).

What have insiders been doing with Fidelity National Financial Inc (NYSE:FNF)?

Bullish insider trading is most useful when the company in focus has experienced transactions within the past six months. Over the last six-month time period, Fidelity National Financial Inc (NYSE:FNF) has experienced zero unique insiders purchasing, and 6 insider sales (see the details of insider trades here).

Let’s go over hedge fund and insider activity in other stocks similar to Fidelity National Financial Inc (NYSE:FNF). These stocks are Triad Guaranty Inc. (PINK:TGIC), Investors Title Company (NASDAQ:ITIC), OneBeacon Insurance Group, Ltd. (NYSE:OB), Old Republic International Corporation (NYSE:ORI), and Assured Guaranty Ltd. (NYSE:AGO). This group of stocks belong to the surety & title insurance industry and their market caps resemble FNF’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

The 10 Countries with the Highest Suicide Rates

The 10 Most Technologically Advanced Countries in the World

The 10 Safest Countries in the World to Live in Peace

The 10 Top Selling Smartphones in the World 2014

The 12 Biggest Shopping Centers in the World

The 10 Friendliest Countries in the World

Qihoo 360 Technology Co Ltd (QIHU), Actavis plc (ACT), Yahoo! Inc. (YHOO) Among 20 Long Ideas from Sohn Canada

The 10 Laziest Countries in the World

The 10 Most Polluted Countries in the World

The 10 Most Dangerous Cities in America 2014

The Top 10 Gold Producing Countries in the World

The 10 Tallest Buildings in the World

The 10 Richest Stand Up Comedians in the World

The 10 Fattest Countries in the World

The 5 Best Summer Jobs for Teens

The 10 Most Religious Countries in the World Keeping the Faith

The 10 Most Educated Countries in the World

The 10 Most Popular Cell Phones in the World

The 10 Drunkest Countries in the World

The 10 Most Expensive Private Schools in the World

The 10 Smallest Countries in the World

Walking Dead Season 5 Spoilers You’ll Wish You Didn’t Know

The 10 Poorest Countries in the World

The 10 Greenest Countries in the World

The Top 10 Countries with the Highest Population in the World

The 10 Most Visited Countries in the World

The Top 10 Star Wars Characters in the Iconic Series

The 10 Most Expensive Android Phones in the World

5 Reasons Why The Illuminati Is Real and a Threat to Society

The 6 Scariest Halloween Costumes Ever Screamed At

The 4 Biggest Hedge Fund Managers in the World Today

The 15 Most Densely Populated Countries in the World

The 10 Biggest Tea Drinking Countries in the World

Top 6 Ways to Improve Your Checkout Process and Close Sales

The 5 Most Profitable Online Businesses You Can Start Today

The 20 Most Profitable Hospitals in the US

The 5 Most Profitable Home Businesses to Start

The 7 Teams that Will Win the Stanley Cup in 2015

The Top 10 Most Expensive Digital Cameras to Snap Stunning Shots With

The 10 Highest Quality Fast Food Restaurants In America Today

The 8 Best Halloween Decorating Ideas to Spook Up Your House

10 Marvel Women that Should Get a Movie Right Now

The 20 Best Remixes of Popular Songs that Will Make You Forget the Originals

7 Most Expensive Cities in the World

5 Least Expensive Cities in the World

10 Celebrities Who Believe In Scientology

10 High Margin Food Products to Build a Business Around

The 10 Most Expensive Clothing Stores in the United States to Get Decked Out At

The 5 Biggest Kickstarter Scams That Swindled Backers’ Donations

The 10 Most Expensive Boarding Schools In the World

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!