Fairchild Semiconductor Intl Inc (NYSE:FCS) investors should be aware of an increase in activity from the world’s largest hedge funds recently.
At the moment, there are many gauges investors can use to monitor their holdings. A pair of the best are hedge fund and insider trading activity. At Insider Monkey, our studies have shown that, historically, those who follow the best picks of the top hedge fund managers can outclass their index-focused peers by a very impressive margin (see just how much).
Just as integral, optimistic insider trading sentiment is a second way to parse down the investments you’re interested in. As the old adage goes: there are many stimuli for an insider to get rid of shares of his or her company, but just one, very obvious reason why they would initiate a purchase. Various academic studies have demonstrated the market-beating potential of this method if piggybackers understand where to look (learn more here).
Keeping this in mind, let’s take a peek at the latest action regarding Fairchild Semiconductor Intl Inc (NYSE:FCS).
How are hedge funds trading Fairchild Semiconductor Intl Inc (NYSE:FCS)?
Heading into Q2, a total of 18 of the hedge funds we track held long positions in this stock, a change of 38% from the first quarter. With hedgies’ sentiment swirling, there exists a select group of notable hedge fund managers who were boosting their stakes meaningfully.
When looking at the hedgies we track, Chuck Royce’s Royce & Associates had the most valuable position in Fairchild Semiconductor Intl Inc (NYSE:FCS), worth close to $186.6 million, comprising 0.6% of its total 13F portfolio. The second largest stake is held by Fisher Asset Management, managed by Ken Fisher, which held a $71.5 million position; the fund has 0.2% of its 13F portfolio invested in the stock. Other hedge funds that hold long positions include Panayotis Takis Sparaggis’s Alkeon Capital Management, Ken Griffin’s Citadel Investment Group and D. E. Shaw’s D E Shaw.
As industrywide interest jumped, key money managers have jumped into Fairchild Semiconductor Intl Inc (NYSE:FCS) headfirst. Alkeon Capital Management, managed by Panayotis Takis Sparaggis, created the biggest position in Fairchild Semiconductor Intl Inc (NYSE:FCS). Alkeon Capital Management had 37 million invested in the company at the end of the quarter. Dmitry Balyasny’s Balyasny Asset Management also made a $5.1 million investment in the stock during the quarter. The other funds with brand new FCS positions are Matthew Tewksbury’s Stevens Capital Management, David Costen Haley’s HBK Investments, and Louis Bacon’s Moore Global Investments.
How are insiders trading Fairchild Semiconductor Intl Inc (NYSE:FCS)?
Bullish insider trading is most useful when the primary stock in question has experienced transactions within the past half-year. Over the latest six-month time frame, Fairchild Semiconductor Intl Inc (NYSE:FCS) has seen zero unique insiders purchasing, and 6 insider sales (see the details of insider trades here).
With the returns demonstrated by the aforementioned strategies, retail investors must always pay attention to hedge fund and insider trading sentiment, and Fairchild Semiconductor Intl Inc (NYSE:FCS) shareholders fit into this picture quite nicely.