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Hedge Fund Interest in EP Energy Corp (EPE) Is Cooling Off

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At Insider Monkey we follow around 730 of the best-performing investors and even though many of them lost money in the last several months, the history teaches us that over the long-run they still manage to beat the market, which is why it can be profitable for us to imitate their activity. Of course, even the best money managers can sometimes get it wrong, but following some of their picks gives us a better chance to outperform the crowd than picking a random stock and this is where our research comes in.

Is EP Energy Corp (NYSE:EPE) worth your attention right now? Prominent investors are turning less bullish. The number of long hedge fund bets dropped by 2 recently. At the end of this article we will also compare EPE to other stocks including HFF, Inc. (NYSE:HF), United Community Banks Inc (NASDAQ:UCBI), and Global Blood Therapeutics Inc (NASDAQ:GBT) to get a better sense of its popularity.

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In the eyes of most stock holders, hedge funds are viewed as underperforming, outdated financial tools of yesteryear. While there are greater than 8000 funds trading at present, our experts choose to focus on the bigwigs of this club, around 700 funds. Most estimates calculate that this group of people have their hands on the majority of all hedge funds’ total asset base, and by keeping an eye on their top investments, Insider Monkey has unearthed a number of investment strategies that have historically defeated the broader indices. Insider Monkey’s small-cap hedge fund strategy outstripped the S&P 500 index by 12 percentage points per annum for a decade in their back tests.

With all of this in mind, let’s analyze the recent action surrounding EP Energy Corp (NYSE:EPE).

What have hedge funds been doing with EP Energy Corp (NYSE:EPE)?

At Q3’s end, a total of 19 of the hedge funds tracked by Insider Monkey held long positions in this stock, a decline of 10% from the previous quarter. With the smart money’s sentiment swirling, there exists a few noteworthy hedge fund managers who were upping their stakes substantially (or already accumulated large positions).

According to Insider Monkey’s hedge fund database, AQR Capital Management, managed by Cliff Asness, holds the largest position in EP Energy Corp (NYSE:EPE). The fund has recently reported a $25.8 million position in the stock, comprising 0.1% of its 13F portfolio. On AQR Capital Management’s heels is Encompass Capital Advisors, managed by Todd J. Kantor, which holds a $16 million stake; 3% of its 13F portfolio is allocated to the company. Other hedge funds and institutional investors with similar optimism comprise Vince Maddi and Shawn Brennan’s SIR Capital Management, Ken Griffin’s Citadel Investment Group and Jim Simons’s Renaissance Technologies.

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