BHP Billiton Limited (ADR) (NYSE:BHP) is a big part of many investors’ portfolios. Should it be?
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Thus, it’s important to discuss the latest info for BHP Billiton Limited (ADR) (NYSE:BHP).
How have hedgies been trading BHP Billiton Limited (ADR) (NYSE:BHP)?
Heading into Q3, a total of 22 of the hedge funds we track held long positions in this stock, a change of 22% from the previous quarter. With hedgies’ sentiment swirling, there exists a few key hedge fund managers who were increasing their holdings meaningfully.
Out of the hedge funds we follow, Ken Fisher’s Fisher Asset Management had the largest position in BHP Billiton Limited (ADR) (NYSE:BHP), worth close to $387.1 million, accounting for 1% of its total 13F portfolio. Coming in second is Renaissance Technologies, managed by Jim Simons, which held a $25.4 million position; the fund has 0.1% of its 13F portfolio invested in the stock. Remaining hedgies that are bullish include D. E. Shaw’s D E Shaw, Israel Englander’s Millennium Management and Ray Dalio’s Bridgewater Associates.
With a general bullishness amongst the titans, certain bigger names were breaking ground themselves. Fisher Asset Management, managed by Ken Fisher, created the biggest position in BHP Billiton Limited (ADR) (NYSE:BHP). Fisher Asset Management had 387.1 million invested in the company at the end of the quarter. Jim Simons’s Renaissance Technologies also initiated a $25.4 million position during the quarter. The following funds were also among the new BHP investors: D. E. Shaw’s D E Shaw, Israel Englander’s Millennium Management, and Ray Dalio’s Bridgewater Associates.
How are insiders trading BHP Billiton Limited (ADR) (NYSE:BHP)?
Insider buying is particularly usable when the company in focus has seen transactions within the past six months. Over the latest half-year time frame, BHP Billiton Limited (ADR) (NYSE:BHP) has experienced zero unique insiders buying, and zero insider sales (see the details of insider trades here).
We’ll also take a look at the relationship between both of these indicators in other stocks similar to BHP Billiton Limited (ADR) (NYSE:BHP). These stocks are Cameco Corporation (USA) (NYSE:CCJ), Teck Resources Ltd (USA) (NYSE:TCK), Rio Tinto plc (ADR) (NYSE:RIO), Vale SA (ADR) (NYSE:VALE), and BHP Billiton plc (ADR) (NYSE:BBL). All of these stocks are in the industrial metals & minerals industry and their market caps are closest to BHP’s market cap.