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Hedge Funds Are Betting On The Men’s Wearhouse, Inc. (MW)

The Men’s Wearhouse, Inc. (NYSE:MW) was in 15 hedge funds’ portfolio at the end of March. MW investors should pay attention to an increase in support from the world’s most elite money managers recently. There were 14 hedge funds in our database with MW holdings at the end of the previous quarter.

According to most traders, hedge funds are seen as underperforming, old financial vehicles of yesteryear. While there are more than 8000 funds trading at present, we choose to focus on the top tier of this club, around 450 funds. It is estimated that this group oversees the lion’s share of all hedge funds’ total capital, and by monitoring their top investments, we have found a number of investment strategies that have historically outperformed the broader indices. Our small-cap hedge fund strategy beat the S&P 500 index by 18 percentage points per annum 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 trumped the S&P 500 index by 23.3 percentage points in 8 months (see the details here).

The Men's Wearhouse, Inc. (NYSE:MW)Equally as key, optimistic insider trading sentiment is a second way to break down the stock market universe. Obviously, there are many motivations for an executive to drop shares of his or her company, but just one, very obvious reason why they would buy. Several academic studies have demonstrated the impressive potential of this strategy if shareholders know what to do (learn more here).

With these “truths” under our belt, it’s important to take a look at the latest action surrounding The Men’s Wearhouse, Inc. (NYSE:MW).

What does the smart money think about The Men’s Wearhouse, Inc. (NYSE:MW)?

At the end of the first quarter, a total of 15 of the hedge funds we track held long positions in this stock, a change of 7% from the previous quarter. With hedge funds’ positions undergoing their usual ebb and flow, there exists a few key hedge fund managers who were increasing their holdings meaningfully.

When looking at the hedgies we track, Ken Griffin’s Citadel Investment Group had the largest position in The Men’s Wearhouse, Inc. (NYSE:MW), worth close to $27 million, accounting for less than 0.1%% of its total 13F portfolio. Coming in second is Glenn J. Krevlin of Glenhill Advisors, with a $24.7 million position; the fund has 3.3% of its 13F portfolio invested in the stock. Remaining peers that hold long positions include Chuck Royce’s Royce & Associates, David Dreman’s Dreman Value Management and Jim Simons’s Renaissance Technologies.

Consequently, some big names have jumped into The Men’s Wearhouse, Inc. (NYSE:MW) headfirst. Dreman Value Management, managed by David Dreman, initiated the biggest position in The Men’s Wearhouse, Inc. (NYSE:MW). Dreman Value Management had 21.9 million invested in the company at the end of the quarter. Joel Greenblatt’s Gotham Asset Management also made a $4.1 million investment in the stock during the quarter. The only other fund with a new position in the stock is D. E. Shaw’s D E Shaw.

What do corporate executives and insiders think about The Men’s Wearhouse, Inc. (NYSE:MW)?

Insider purchases made by high-level executives is most useful when the company in focus has experienced transactions within the past half-year. Over the last six-month time frame, The Men’s Wearhouse, Inc. (NYSE:MW) has seen zero unique insiders purchasing, and 9 insider sales (see the details of insider trades here).

With the results demonstrated by our research, everyday investors should always pay attention to hedge fund and insider trading sentiment, and The Men’s Wearhouse, Inc. (NYSE:MW) shareholders fit into this picture quite nicely.

Click here to learn why you should track hedge funds

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