Hedge Funds Are Betting On Broadcom Corporation (NASDAQ:BRCM)

Broadcom Corporation (NASDAQ:BRCM) has seen an increase in hedge fund sentiment in recent months.

In the financial world, there are a multitude of metrics investors can use to analyze the equity markets. Some of the most innovative are hedge fund and insider trading activity. At Insider Monkey, our studies have shown that, historically, those who follow the top picks of the top money managers can beat the market by a solid margin (see just how much).

Broadcom Corporation (NASDAQ:BRCM)Equally as integral, optimistic insider trading sentiment is a second way to parse down the financial markets. There are a variety of stimuli for a bullish insider to drop shares of his or her company, but only one, very simple reason why they would initiate a purchase. Plenty of empirical studies have demonstrated the market-beating potential of this tactic if you understand what to do (learn more here).

With all of this in mind, it’s important to take a peek at the key action surrounding Broadcom Corporation (NASDAQ:BRCM).

What have hedge funds been doing with Broadcom Corporation (NASDAQ:BRCM)?

Heading into 2013, a total of 37 of the hedge funds we track were bullish in this stock, a change of 6% from one quarter earlier. With hedgies’ capital changing hands, there exists a select group of noteworthy hedge fund managers who were increasing their stakes meaningfully.

When looking at the hedgies we track, Citadel Investment Group, managed by Ken Griffin, holds the biggest position in Broadcom Corporation (NASDAQ:BRCM). Citadel Investment Group has a $164 million position in the stock, comprising 0.3% of its 13F portfolio. Sitting at the No. 2 spot is David Tepper of Appaloosa Management LP, with a $114 million position; 1% of its 13F portfolio is allocated to the company. Other hedgies that hold long positions include Glenn Russell Dubin’s Highbridge Capital Management, Scott Fine and Peter Richards’s Empire Capital Management and Jim Simons’s Renaissance Technologies.

Now, specific money managers were breaking ground themselves. Highbridge Capital Management, managed by Glenn Russell Dubin, assembled the most valuable position in Broadcom Corporation (NASDAQ:BRCM). Highbridge Capital Management had 62 million invested in the company at the end of the quarter. Peter Rathjens, Bruce Clarke and John Campbell’s Arrowstreet Capital also made a $16 million investment in the stock during the quarter. The other funds with brand new BRCM positions are Israel Englander’s Millennium Management, Joe DiMenna’s ZWEIG DIMENNA PARTNERS, and John Hurley’s Cavalry Asset Management.

Insider trading activity in Broadcom Corporation (NASDAQ:BRCM)

Insider trading activity, especially when it’s bullish, is at its handiest when the company in question has seen transactions within the past six months. Over the latest six-month time frame, Broadcom Corporation (NASDAQ:BRCM) has experienced zero unique insiders buying, and 10 insider sales (see the details of insider trades here).

With the returns exhibited by Insider Monkey’s time-tested strategies, retail investors must always pay attention to hedge fund and insider trading sentiment, and Broadcom Corporation (NASDAQ:BRCM) applies perfectly to this mantra.

Click here to learn more about Insider Monkey’s Hedge Fund Newsletter

Insider Monkey’s small-cap strategy returned 29.2% between September 2012 and February 2013 versus 8.7% for the S&P 500 index. Try it now by clicking the link above.

Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The 10 Largest Pharmaceutical Companies In the World

The 10 Most Expensive Android Apps

The 9 Most Expensive Designer Bags in the World

The 7 Most Expensive Real Estate in the World

The 10 Most Expensive eBay Items Ever Sold

The 10 Most Expensive iPhone Apps

The 9 Most Expensive Designer Shoes in the World

The 10 Most Expensive Cigarette Brands

The 10 Most Expensive Law Schools in the US

The 10 Best Wall Street Movies

The 10 Most Expensive Golf Clubs Ever Sold

The 10 Most Expensive Golf Memberships

The 10 Best Disney Characters Ever Created

The 8 Best Foods for Gaining Weight

The 10 Most Expensive Colleges in the World

The 7 Most Memorable Ad Campaigns of All Time

The 7 Most Expensive High Schools in the World

The 10 Electric Vehicles with the Longest Range

The 10 Cities with the Worst Drivers in the World

The 10 Most Expensive Dresses Ever Created

10 Islands to Visit Before You Die

10 Famous Celebrities Who Needed Rehab

The 15 Countries with the Largest Oil Reserves

The 10 Most Overused Excuses in the World

The 5 Best iOS Apps You Can’t Get on Android

5 Companies Damaged By Social Media Blunders

The 10 Most Legendary Blues Songs

The 10 Most Lawless Places in the World

4 Reasons China is a Threat to the US

The 17 Most Sugary Drinks in the World

The 10 Most Ruthless Rulers in History

The 10 Greatest Generals in History

Top 8 Travel Destinations for 2015

The 10 Safest Dog Breeds for Children

The 10 Most Stolen Vehicles in the US

The 7 Most Expensive Celebrity Weddings

The 10 Best LoL Teams in the World

Top 10 Worst Marketing Campaigns Ever Produced

Top 5 Diets that Help You Lose Weight

The 10 Best Ways to Stay Awake

7 Artists That Switched Musical Genres

The 10 Most Expensive Cities to Live in New Jersey

The 10 Best High Schools in New York

The 10 Countries With the Least Gender Inequality

The 6 Biggest Musician-Manager Feuds

The 10 Countries with the Cheapest Gas Prices

The 7 Most Theatrical Bands of All Time

The 8 Worst Band Breakups of All Time

The 10 Most Important South American Leaders

The 7 Most Successful Casting Show Winners

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!