Hedge Funds Are Betting On PT Telekomunikasi Indonesia (ADR) (TLK)

Page 1 of 2

PT Telekomunikasi Indonesia (ADR) (NYSE:TLK)PT Telekomunikasi Indonesia (ADR) (NYSE:TLK) has experienced an increase in activity from the world’s largest hedge funds lately.

To most shareholders, hedge funds are perceived as underperforming, outdated financial tools of the past. While there are greater than 8000 funds with their doors open at the moment, we hone in on the aristocrats of this club, around 450 funds. It is estimated that this group has its hands on the majority of all hedge funds’ total capital, and by keeping an eye on their top investments, we have revealed a number of investment strategies that have historically outpaced the broader indices. Our small-cap hedge fund strategy outperformed the S&P 500 index by 18 percentage points per annum 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 24 percentage points in 7 months (explore the details and some picks here).

Equally as important, positive insider trading activity is a second way to parse down the world of equities. Obviously, there are many reasons for a corporate insider to get rid of shares of his or her company, but only one, very obvious reason why they would buy. Many empirical studies have demonstrated the valuable potential of this strategy if shareholders know what to do (learn more here).

Consequently, let’s take a glance at the recent action surrounding PT Telekomunikasi Indonesia (ADR) (NYSE:TLK).

How have hedgies been trading PT Telekomunikasi Indonesia (ADR) (NYSE:TLK)?

At year’s end, a total of 13 of the hedge funds we track held long positions in this stock, a change of 18% from the third quarter. With the smart money’s sentiment swirling, there exists a select group of notable hedge fund managers who were increasing their stakes meaningfully.

When looking at the hedgies we track, Peter Rathjens, Bruce Clarke and John Campbell’s Arrowstreet Capital had the largest position in PT Telekomunikasi Indonesia (ADR) (NYSE:TLK), worth close to $41.4 million, comprising 0.2% of its total 13F portfolio. Sitting at the No. 2 spot is Cliff Asness of AQR Capital Management, with a $13.8 million position; 0.1% of its 13F portfolio is allocated to the company. Some other hedgies that are bullish include Jim Simons’s Renaissance Technologies, Ken Griffin’s Citadel Investment Group and J. Alan Reid, Jr.’s Forward Management.

Consequently, key money managers were leading the bulls’ herd. McKinley Capital Management, managed by Robert B. Gillam, assembled the most valuable position in PT Telekomunikasi Indonesia (ADR) (NYSE:TLK). McKinley Capital Management had 1 million invested in the company at the end of the quarter. D. E. Shaw’s D E Shaw also made a $0.3 million investment in the stock during the quarter. The only other fund with a new position in the stock is Jacob Gottlieb’s Visium Asset Management.

How are insiders trading PT Telekomunikasi Indonesia (ADR) (NYSE:TLK)?

Insider buying is particularly usable when the company in question has experienced transactions within the past half-year. Over the latest six-month time period, PT Telekomunikasi Indonesia (ADR) (NYSE:TLK) has seen zero unique insiders purchasing, and zero insider sales (see the details of insider trades here).

Let’s also take a look at hedge fund and insider activity in other stocks similar to PT Telekomunikasi Indonesia (ADR) (NYSE:TLK). These stocks are Nippon Telegraph & Telephone Corp (ADR) (NYSE:NTT), China Telecom Corporation Limited (ADR) (NYSE:CHA), Philippine Long Distance Telephone (ADR) (NYSE:PHI), BT Group plc (ADR) (NYSE:BT), and France Telecom SA (ADR) (NYSE:FTE). This group of stocks are in the telecom services – foreign industry and their market caps match TLK’s market cap.

Page 1 of 2
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 Best B-Boy Movies

Most Awesome Hip Hop Documentaries

Foods That Stain Your Teeth

Richest Doctors in the World

The Best Movie Sountracks Ever

The Highest Grossing Musicals on Broadway

The Most Successful Reality TV Stars

Cheapest Cities to Visit in the US

Most Expensive Summer Camps

Most Expensive Animals in the World

Most Expensive Specialty Crops in the World

Movies That Took Ages to Make

The Longest Hollywood Films Ever Made

Most Expensive Concert Stages

The Richest Bands of all Time

10 Most Corrupt Countries 2013 List

10 Countries with the Highest Quality of Life Index

Most Expensive Mattresses in the World

5 Smallest Countries by Land Area

The Ultimate Heartbreak Songs

Richest Teenagers in the World

10 Most Haunted Places in America

10 Best Places to Retire in Florida East Coast

Top 10 Places to See Before You Die

Top 8 Countries in the World Where Justice Prevails

10 Richest States in America

15 Wealthiest Countries in the World

Richest Singers in the World

Most Expensive Tasting Menu in New York City

Most Expensive Baby Items in the World

Most Expensive Hotel Suites in Vegas

Most Expensive Brunch in New York City

Most Expensive Beef Cuts in the World

25 Best Colleges to Get a Job

Top 10 US Supermarkets

The 25 Most Dangerous Cities in the World to Visit

Most Expensive Xbox Games

Top 11 Cities Where Billionaires Live

Top 10 Most Charitable Companies in America

Most Expensive Seafood in the World

The 10 Wildest Conspiracy Theories

The 10 Best Job Markets in the US

Top 10 Accounting Scandals of All Time

The 25 Biggest Cities in the World

Top 10 Best Paying Virtual Jobs

Most Expensive Leather Shoes in the World

Top 6 Things to Buy in March

The 10 Most Stressful Jobs in America – 2014 List

Top 10 Jobs for Introverted People

Top 10 Honeymoon Destinations in the World

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!