Harmony Gold Mining Co. (ADR) (HMY): Hedge Funds Are Bullish and Insiders Are Bearish, What Should You Do?

Page 1 of 2

Harmony Gold Mining Co. (ADR) (NYSE:HMY) was in 14 hedge funds’ portfolio at the end of the first quarter of 2013. HMY investors should be aware of an increase in enthusiasm from smart money lately. There were 13 hedge funds in our database with HMY holdings at the end of the previous quarter.

Harmony Gold Mining Co. (ADR) (NYSE:HMY)In the 21st century investor’s toolkit, there are many indicators shareholders can use to track the equity markets. Some of the most underrated are hedge fund and insider trading interest. At Insider Monkey, our studies have shown that, historically, those who follow the top picks of the elite hedge fund managers can outperform the S&P 500 by a solid amount (see just how much).

Just as integral, optimistic insider trading sentiment is a second way to break down the financial markets. As the old adage goes: there are plenty of stimuli for a bullish insider to get rid of shares of his or her company, but only one, very clear reason why they would behave bullishly. Many academic studies have demonstrated the market-beating potential of this strategy if investors understand where to look (learn more here).

Now, let’s take a peek at the latest action surrounding Harmony Gold Mining Co. (ADR) (NYSE:HMY).

How have hedgies been trading Harmony Gold Mining Co. (ADR) (NYSE:HMY)?

In preparation for this quarter, a total of 14 of the hedge funds we track held long positions in this stock, a change of 8% from the first quarter. With hedgies’ capital changing hands, there exists an “upper tier” of noteworthy hedge fund managers who were boosting their holdings substantially.

When looking at the hedgies we track, First Eagle Investment Management, managed by Jean-Marie Eveillard, holds the most valuable position in Harmony Gold Mining Co. (ADR) (NYSE:HMY). First Eagle Investment Management has a $133.5 million position in the stock, comprising 0.4% of its 13F portfolio. On First Eagle Investment Management’s heels is John Overdeck and David Siegel of Two Sigma Advisors, with a $7.2 million position; the fund has 0.1% of its 13F portfolio invested in the stock. Some other hedge funds that are bullish include Mike Vranos’s Ellington, David Costen Haley’s HBK Investments and D. E. Shaw’s D E Shaw.

As industrywide interest jumped, specific money managers have been driving this bullishness. HBK Investments, managed by David Costen Haley, initiated the largest position in Harmony Gold Mining Co. (ADR) (NYSE:HMY). HBK Investments had 0.8 million invested in the company at the end of the quarter. Ray Dalio’s Bridgewater Associates also made a $0.4 million investment in the stock during the quarter.

How have insiders been trading Harmony Gold Mining Co. (ADR) (NYSE:HMY)?

Bullish insider trading is at its handiest when the company we’re looking at has seen transactions within the past six months. Over the last 180-day time period, Harmony Gold Mining Co. (ADR) (NYSE:HMY) has seen zero unique insiders purchasing, and zero insider sales (see the details of insider trades here).

Let’s check out hedge fund and insider activity in other stocks similar to Harmony Gold Mining Co. (ADR) (NYSE:HMY). These stocks are Allied Nevada Gold Corp. (NYSEAMEX:ANV), AuRico Gold Inc (USA) (NYSE:AUQ), Royal Gold, Inc (USA) (NASDAQ:RGLD), New Gold Inc. (USA) (NYSEAMEX:NGD), and IAMGOLD Corporation (USA) (NYSE:IAG). All of these stocks are in the gold industry and their market caps are similar to HMY’s market cap.

Page 1 of 2

Biotech Insider Alert - $6 Stock To Hit $40

$200 Million Dollar Healthcare Hedge Fund's #1 Best Idea Right Now

The best healthcare hedge fund out there right now is one of the largest shareholders in this biotech stock. The fund returned more than 20% in each of the last 2 years with a virtually fully hedged portfolio, and it's sending out a BUY signal on this biotech stock. Get your FREE REPORT today (retail value of $300)

This is a FREE report from Insider Monkey. Credit Card is NOT required.
Click here to Read Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 74 percentage points in 2.5 years. Our beta is only 1.2 (download a FREE newsletter and see the details inside)

Lists

Best Selling Magazines in the World

Shortest People in History

The Most Celebrated Holidays in the World

Most Expensive Handbag Brands in the World

Top Selling Comic Book Issues of this Century

The Most Powerful Women in Politics

Best Paid DJs

Most Rebellious Female Artists

Best Paid TV Actresses of 2014

Best Paid Actors of 2014

Most Expensive Horses in the World

Tallest People Ever

Most Encouraging Feminist Celebrities

Best Paid Supermodels of 2014

Top 10 Suburbs for Retirement in 2015

10 Wealthiest Cities in America

Top 10 TED Talks for Entrepreneurs

Best TED Talks on Education

25 Most Dangerous Places to Live in America

Top 10 Ski Resorts in the United States – 2014 List

Top 10 Most Remote Places in the World

Most Visited Museums in the United States

Wealthiest Photographers in the World

Most Famous Gay Athletes

The World’s Most Famous Circuses

Best Hair Stylists

Most Popular NASCAR Drivers

The Best Romance Movies of all Time

The Most Wanted Drug Lords

The Oldest Money Managers

The Greatest Directors in the World

Largest Animals in the World

World’s Most Expensive Desserts

Best Selling Comic Books of All Time

A-list Actors who Sabotaged Their Career

Rappers With a College Degree

The Best Jazz Albums of all Time

The Most Influential Jazz Musicians

The World’s Most Famous Photographers

The Best Oscar-Winning Songs

Most Influential Choreographers Ever

Most Expensive Department Stores in the World

The Most Expensive Stolen Paintings in the World

The World’s Most Expensive Teas

Top Oscar Record Holders

The Most Expensive Flowers in the World

Countries With a Booming Film Industry

Most Expensive Cupcakes in the World

Uncommon European Escapes

The Most Stolen Artists in History

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 129% in 2.5 years!! Wondering How?

Download a complete edition of our newsletter for free!