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 Euronav NV Ordinary Shares (EURN)

Page 1 of 2

We at Insider Monkey have gone over 700 13F filings that hedge funds and prominent investors are required to file by the government. The 13F filings show the funds’ and investors’ portfolio positions as of September 30. In this article, we look at what those investors think of Euronav NV Ordinary Shares (NYSE:EURN).

Euronav NV Ordinary Shares (NYSE:EURN) was in 21 hedge funds’ portfolios at the end of the third quarter of 2015. Euronav NV Ordinary Shares (NYSE:EURN) has experienced an increase in hedge fund interest recently. There were 19 hedge funds in our database with Euronav NV Ordinary Shares (NYSE:EURN) positions at the end of the previous quarter. At the end of this article, we will also compare Euronav NV Ordinary Shares (NYSE:EURN) to other stocks, including QEP Resources Inc (NYSE:QEP), Valmont Industries, Inc. (NYSE:VMI), and CalAtlantic Group Inc (NYSE:CAA) to get a better sense of its popularity.

In the 21st century investor’s toolkit, there are a lot of formulas investors have at their disposal to size up their holdings. A pair of the less known formulas are hedge fund and insider trading signals. We have shown that, historically, those who follow the best picks of the elite fund managers can trounce the market by a healthy amount (see the details here).

Now, we’re going to take a gander at the latest action encompassing Euronav NV Ordinary Shares (NYSE:EURN).

How have hedgies been trading Euronav NV Ordinary Shares (NYSE:EURN)?

At the end of the third quarter, a total of 21 of the hedge funds tracked by Insider Monkey held long positions in this stock, an increase of 11% from one quarter earlier. With hedgies’ capital changing hands, there exists an “upper tier” of notable hedge fund managers who were boosting their stakes meaningfully (or already accumulated large positions).

Of the funds tracked by Insider Monkey, Blue Mountain Capital, managed by Andrew Feldstein and Stephen Siderow, holds the most valuable position in Euronav NV Ordinary Shares (NYSE:EURN). Blue Mountain Capital has a $77 million position in the stock, comprising 1.4% of its 13F portfolio. The second most bullish fund manager is Solus Alternative Asset Management, managed by Christopher Pucillo, which holds a $56.9 million position; the fund has 8.5% of its 13F portfolio invested in the stock. Some other hedge funds and institutional investors that are bullish consist of Dmitry Balyasny’s Balyasny Asset Management, Marc Lasry’s Avenue Capital, and Joe Huber’s Huber Capital Management.

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...
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 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!