Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Hedge Funds Are Buying Comcast Corporation (CMCSA)

Page 1 of 2

Comcast Corporation (NASDAQ:CMCSA) was in 55 hedge funds’ portfolio at the end of the first quarter of 2013. CMCSA investors should be aware of an increase in activity from the world’s largest hedge funds of late. There were 46 hedge funds in our database with CMCSA holdings at the end of the previous quarter.

At the moment, there are many metrics investors can use to watch their holdings. Some of the most underrated are hedge fund and insider trading sentiment. At Insider Monkey, our studies have shown that, historically, those who follow the best picks of the elite hedge fund managers can beat the market by a solid amount (see just how much).

Comcast Corporation (NASDAQ:CMCSA)Just as beneficial, positive insider trading activity is another way to parse down the world of equities. Obviously, there are a number of motivations for a corporate insider to get rid of shares of his or her company, but just one, very clear reason why they would behave bullishly. Several academic studies have demonstrated the impressive potential of this strategy if “monkeys” understand what to do (learn more here).

Now, it’s important to take a gander at the latest action encompassing Comcast Corporation (NASDAQ:CMCSA).

What does the smart money think about Comcast Corporation (NASDAQ:CMCSA)?

At Q1’s end, a total of 55 of the hedge funds we track held long positions in this stock, a change of 20% from the previous quarter. With the smart money’s sentiment swirling, there exists a few key hedge fund managers who were upping their stakes substantially.

When looking at the hedgies we track, Paul Ruddock and Steve Heinz’s Lansdowne Partners had the biggest position in Comcast Corporation (NASDAQ:CMCSA), worth close to $643.8 million, comprising 8.8% of its total 13F portfolio. Coming in second is Andreas Halvorsen of Viking Global, with a $629.1 million position; the fund has 3.8% of its 13F portfolio invested in the stock. Some other hedge funds that are bullish include Ken Fisher’s Fisher Asset Management, John Armitage’s Egerton Capital Limited and Peter Rathjens, Bruce Clarke and John Campbell’s Arrowstreet Capital.

With a general bullishness amongst the heavyweights, specific money managers have been driving this bullishness. Blue Ridge Capital, managed by John Griffin, created the most outsized position in Comcast Corporation (NASDAQ:CMCSA). Blue Ridge Capital had 191 million invested in the company at the end of the quarter. James Crichton and Adam Weiss’s Scout Capital Management also made a $125.9 million investment in the stock during the quarter. The following funds were also among the new CMCSA investors: Chase Coleman and Feroz Dewan’s Tiger Global Management LLC, John Thaler’s JAT Capital Management, and David Tepper’s Appaloosa Management LP.

What have insiders been doing with Comcast Corporation (NASDAQ:CMCSA)?

Insider buying is most useful when the company in question has seen transactions within the past 180 days. Over the last 180-day time period, Comcast Corporation (NASDAQ:CMCSA) has experienced zero unique insiders buying, and 7 insider sales (see the details of insider trades here).

Let’s also review hedge fund and insider activity in other stocks similar to Comcast Corporation (NASDAQ:CMCSA). These stocks are Liberty Global Inc. (NASDAQ:LBTYA), Discovery Communications Inc. (NASDAQ:DISCA), Time Warner Cable Inc (NYSE:TWC), Viacom, Inc. (NASDAQ:VIAB), and DIRECTV (NASDAQ:DTV). This group of stocks belong to the catv systems industry and their market caps resemble CMCSA’s market cap.

Page 1 of 2

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...

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 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!