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Hedge Fund Ownership Paints a Positive Picture of Francesca’s Holdings Corp (FRAN)

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Francesca’s Holdings Corp (NASDAQ:FRAN) investors should pay attention to an increase in activity from the world’s largest hedge funds recently, with hedge fund ownership increasing by 3 in Q3. At the end of this article we will also compare FRAN to other stocks including Almost Family, Inc. (NASDAQ:AFAM), Dorchester Minerals LP (NASDAQ:DMLP), and Lindblad Expeditions Holdings Inc (NASDAQ:LIND) to get a better sense of its popularity.

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How are hedge funds trading Francesca’s Holdings Corp (NASDAQ:FRAN)?

At Q3’s end, a total of 24 of the hedge funds tracked by Insider Monkey were long this stock, a rise of 14% from the previous quarter. While ownership of the stock remains slightly below its level from six months earlier, it’s 33% higher than it was a year ago. With hedge funds’ capital changing hands, there exists an “upper tier” of notable hedge fund managers who were upping their stakes meaningfully (or already accumulated large positions).
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Of the funds tracked by Insider Monkey, Daruma Asset Management, managed by Mariko Gordon, holds the biggest position in Francesca’s Holdings Corp (NASDAQ:FRAN). Daruma Asset Management has a $55.7 million position in the stock, comprising 3.4% of its 13F portfolio. The second largest stake is held by Jim Simons of Renaissance Technologies, with a $23.4 million position. Other peers that are bullish contain Matthew A. Weatherbie’s Weatherbie Capital, Peter Rathjens, Bruce Clarke and John Campbell’s Arrowstreet Capital and Israel Englander’s Millennium Management.

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