Hedge Funds Are Betting On Credicorp Ltd. (USA) (BAP)

Is Credicorp Ltd. (USA) (NYSE:BAP) a good investment?

In the eyes of many market players, hedge funds are seen as bloated, old financial tools of an era lost to time. Although there are In excess of 8,000 hedge funds trading currently, this site focuses on the crème de la crème of this group, around 525 funds. It is widely held that this group controls most of all hedge funds’ total assets, and by paying attention to their best investments, we’ve identified a few investment strategies that have historically outperformed Mr. Market. Our small-cap hedge fund strategy beat the S&P 500 index by 18 percentage points a year for a decade in our back tests, and since we‘ve began to sharing our picks with our subscribers at the end of August 2012, we have outclassed the S&P 500 index by 33 percentage points in 11 months (find a sample of our picks).

Equally as useful, bullish insider trading activity is another way to look at the stock market universe. Obviously, there are many reasons for an insider to get rid of shares of his or her company, but only one, very clear reason why they would behave bullishly. Several empirical studies have demonstrated the valuable potential of this tactic if investors understand what to do (learn more here).

Thus, let’s examine the recent info for Credicorp Ltd. (USA) (NYSE:BAP).

Credicorp Ltd. (USA) (NYSE:BAP)

What does the smart money think about Credicorp Ltd. (USA) (NYSE:BAP)?

Heading into Q3, a total of 20 of the hedge funds we track were bullish in this stock, a change of 25% from one quarter earlier. With the smart money’s sentiment swirling, there exists a few notable hedge fund managers who were increasing their holdings significantly.

According to our 13F database, Renaissance Technologies, managed by Jim Simons, holds the largest position in Credicorp Ltd. (USA) (NYSE:BAP). Renaissance Technologies has a $53.4 million position in the stock, comprising 0.1% of its 13F portfolio. Sitting at the No. 2 spot is Fisher Asset Management, managed by Ken Fisher, which held a $40.3 million position; 0.1% of its 13F portfolio is allocated to the stock. Some other hedge funds that are bullish include Robert B. Gillam’s McKinley Capital Management, Richard Driehaus’s Driehaus Capital and Peter Rathjens, Bruce Clarke and John Campbell’s Arrowstreet Capital.

As industrywide interest increased, specific money managers were breaking ground themselves. Renaissance Technologies, managed by Jim Simons, created the most valuable position in Credicorp Ltd. (USA) (NYSE:BAP). Renaissance Technologies had 53.4 million invested in the company at the end of the quarter. Ken Fisher’s Fisher Asset Management also initiated a $40.3 million position during the quarter. The other funds with new positions in the stock are Robert B. Gillam’s McKinley Capital Management, Richard Driehaus’s Driehaus Capital, and Peter Rathjens, Bruce Clarke and John Campbell’s Arrowstreet Capital.

How have insiders been trading Credicorp Ltd. (USA) (NYSE:BAP)?

Insider buying made by high-level executives is best served when the primary stock in question has seen transactions within the past six months. Over the latest 180-day time frame, Credicorp Ltd. (USA) (NYSE:BAP) has seen zero unique insiders buying, and zero insider sales (see the details of insider trades here).

Using the results demonstrated by our strategies, average investors must always keep one eye on hedge fund and insider trading activity, and Credicorp Ltd. (USA) (NYSE:BAP) is an important part of this process.

Discover how hedge fund piggybacking can benefit you

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

Best States To Practice Medicine

The 10 Best States to Have a Business

The 12 Most Expensive Apple (AAPL) Apps in the Market

The 10 Richest Billionaires in the World

10 Biggest Kickstarter Failures

The 10 Best Places to Work At

The Top 10 of Google Inc (GOOGL)’s Most Expensive Acquisitions

13 Best Cities to Visit in South America

10 Most Expensive Works of Art of All Time

The 10 Richest Banks in the World

The 10 Best-Paying Jobs in America (2014)

7 Most Expensive Foods in the World

The World’s Top 10 Earning Authors

Five Wicked and Very Expensive Items (and Other “Stuff”) Sold on eBay

10 Biggest Celebrity Bankruptcies

The Top 10 Highest Paid CEOs in 2014

The 10 Most Expensive Real Estate Cities in America

10 Most Expensive States To Live In America

The 10 Best Airlines in the World

The 10 Best-Selling Cars in 2014

The 10 Best Industries to Invest In

The 10 Most Expensive States to Own a Car In

Top 10 Business Schools in US: 2014 Rankings

Top 20 Female Billionaires in 2014

6 Movies That You Should Watch to Better Understand The Cold War

Top 15 Best Paying Jobs for Women in 2014

Top 6 Things Rich People Do Differently Every Day

5 Retirement Mistakes To Avoid (and Einstein’s Famous Quote)

11 Smartest People in the World

6 Films About the Financial World You Need To Watch (While “The Wolf” is Not Around)

Warren Buffett and Billionaires Are Crazy About These 7 Stocks

The Top 10 States With Fastest Internet Speeds

10 Best Places to Visit in USA in August

Top 10 Cities to Visit Before You Die

Top 10 Genetically Modified Food In the US

15 Highest Grossing Movies Opening Weekend

5 Best Poker Books For Beginners

10 Strategies Hedge Funds Use to Make Huge Returns

Top 10 Fast Food Franchises to Buy

10 Best Places to Visit in Canada

Best Summer Jobs for Teachers

10 Youngest Hedge Fund Billionaires

Top 10 One Hit Wonders of the 90s

Fastest Growing Cities In America

Top 10 U.S. Cities for Freelancers

Top 9 Most Popular Free iPhone Apps

Top 10 Least Expensive Private Business Schools in the US

Top 15 Most Expensive Countries in the World – 2014

Top 6 Tax Scams and How to Protect Yourself

Top Businesses to Invest In

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!