Hedge Funds Are Betting On Intuit Inc. (INTU)

Page 1 of 2

Intuit Inc. (NASDAQ:INTU) investors: pay attention.

Now, according to many of your peers, hedge funds are perceived as useless, old investment tools of an era lost to time. Although there are In excess of 8,000 hedge funds trading currently, Insider Monkey aim at the bigwigs of this club, around 525 funds. It is widely held that this group controls the majority of the smart money’s total assets, and by keeping an eye on their highest performing investments, we’ve formulated a number of investment strategies that have historically beaten the market. Our small-cap hedge fund strategy outperformed the S&P 500 index by 18 percentage points a year for a decade in our back tests, and since we’ve started sharing our picks with our subscribers at the end of August 2012, we have beaten the S&P 500 index by 33 percentage points in 11 months (find the details here).

Just as key, positive insider trading activity is another way to analyze the financial markets. As the old adage goes: there are lots of stimuli for an insider to get rid of shares of his or her company, but only one, very simple reason why they would behave bullishly. Many academic studies have demonstrated the impressive potential of this method if “monkeys” know what to do (learn more here).

Intuit Inc. (NASDAQ:INTU)

Now that that’s out of the way, it’s important to discuss the latest info surrounding Intuit Inc. (NASDAQ:INTU).

What have hedge funds been doing with Intuit Inc. (NASDAQ:INTU)?

In preparation for the third quarter, a total of 32 of the hedge funds we track were bullish in this stock, a change of 3% from the first quarter. With hedge funds’ sentiment swirling, there exists a select group of noteworthy hedge fund managers who were boosting their stakes considerably.

Out of the hedge funds we follow, Generation Investment Management, managed by David Blood and Al Gore, holds the biggest position in Intuit Inc. (NASDAQ:INTU). Generation Investment Management has a $386.7 million position in the stock, comprising 7.5% of its 13F portfolio. The second largest stake is held by James Crichton and Adam Weiss of Scout Capital Management, with a $128.2 million position; 2.1% of its 13F portfolio is allocated to the company. Other hedge funds that hold long positions include Robert Joseph Caruso’s Select Equity Group, Ken Griffin’s Citadel Investment Group and Peter Rathjens, Bruce Clarke and John Campbell’s Arrowstreet Capital.

As aggregate interest spiked, certain bigger names were leading the bulls’ herd. Generation Investment Management, managed by David Blood and Al Gore, created the most valuable position in Intuit Inc. (NASDAQ:INTU). Generation Investment Management had 386.7 million invested in the company at the end of the quarter. James Crichton and Adam Weiss’s Scout Capital Management also initiated a $128.2 million position during the quarter. The following funds were also among the new INTU investors: Robert Joseph Caruso’s Select Equity Group, Ken Griffin’s Citadel Investment Group, and Peter Rathjens, Bruce Clarke and John Campbell’s Arrowstreet Capital.

How are insiders trading Intuit Inc. (NASDAQ:INTU)?

Insider buying is at its handiest when the primary stock in question has experienced transactions within the past six months. Over the last half-year time frame, Intuit Inc. (NASDAQ:INTU) has seen zero unique insiders buying, and zero insider sales (see the details of insider trades here).

We’ll go over the relationship between both of these indicators in other stocks similar to Intuit Inc. (NASDAQ:INTU). These stocks are Workday Inc (NYSE:WDAY), Catamaran Corp (USA) (NASDAQ:CTRX), CA, Inc. (NASDAQ:CA), salesforce.com, inc. (NYSE:CRM), and Adobe Systems Incorporated (NASDAQ:ADBE). All of these stocks are in the application software industry and their market caps are closest to INTU’s market cap.

Page 1 of 2
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

50 Crazy Facts About Japan You Won’t Believe

Top 10 Least Expensive Hybrid Cars to Save the Planet With

The 10 Biggest ‘Gate’ Controversies in History

The 10 States with the Highest Nursing Shortages Leaving Their Hospitals Depleted

The 10 Best Value Investment Blogs that Every Investor Must Read

The 6 Cheapest Boarding Schools in Europe 2015

The 5 Most Expensive Cars To Insure in the World

The 10 Most Common Genetically Modified Foods

10 Self-Made Billionaires Who Came From Nothing

The 10 Most Expensive Cities to Live in North America

The 13 Most Expensive Headphones in the World to Represent

The Top 20 Wealthiest Soccer Teams in 2014

4 BuzzWorthy Cannabis Stocks And Some Smoking Derivative Plays

The 10 Healthiest Fast Food Chains in America to Dine At

The 5 Most Expensive Cat Food Brands You Can Spoil Your Kitty With

The 6 Best eCommerce Platforms for Small Businesses

The 10 Worst Mistakes an Entrepreneur Can Make

The 5 Most OP Characters in League of Legends to Carry Games and Crush Foes With

The 5 Best Foods to Eat Before Running that Will Help You Pound the Pavement

10 Glaring Plot Holes in The Walking Dead that a Zombie-Filled Bus Could Drive Through

The 5 Biggest Celebrity Stoners Who Love Their Reefer

The 10 Most Overrated Movies Of All Time by Out-of-Touch Critics

Top 6 Least Expensive Cruise Destinations For 2015 that Will Take You to Paradise

10 States with Lowest Substance Abuse Rates in America

The 14 Most Watched TV Finales Ever

The 10 Best Selling Role Playing Games of All Time for PC

10 Most Influential Papers In Economics

Top 8 Biggest Charities in the US

10 Worst Celebrity Career Moves Ever

Top 10 Best Paid Tennis Stars in the World

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

How to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

10 Best Places to Visit in Central and South America

The 10 Greatest Empires in History Which Nearly Conquered the World

The 6 Cheapest Boarding Schools In America 2015

5 Clear Reasons LoL is Better than DotA, Continues to Rule MOBAs

The Only 9 Teams with a Chance to Win the Super Bowl

The 15 Most Common Phobias in America that Induce Fits of Panic

Top 6 Least Expensive Tourist Destinations in 2014

Jim Goetz, Peter Fenton, Jim Breyer: Top 6 Venture Investors for 2014

Top 15 Billionaires in 2014

5 Pitfalls To Avoid When Buying a Franchise

Top 20 Medical Schools in the US – 2014 Rankings

4 Business Strategies that Turned Jamie Oliver into the World’s Richest Chef

6 Qualities That Make You A Good Team Player

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!