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Hedge Funds Are Buying Triumph Group Inc (NYSE:TGI)

Triumph Group Inc (NYSE:TGI) was in 23 hedge funds’ portfolio at the end of December. TGI shareholders have witnessed an increase in enthusiasm from smart money of late. There were 22 hedge funds in our database with TGI holdings at the end of the previous quarter.

Triumph Group Inc (NYSE:TGI)

In the financial world, there are dozens of gauges shareholders can use to analyze the equity markets. Two of the most innovative are hedge fund and insider trading movement. At Insider Monkey, our studies have shown that, historically, those who follow the best picks of the best investment managers can trounce their index-focused peers by a healthy amount (see just how much).

Equally as key, optimistic insider trading activity is a second way to break down the financial markets. As the old adage goes: there are a variety of incentives for a corporate insider to drop shares of his or her company, but just one, very clear reason why they would initiate a purchase. Various empirical studies have demonstrated the valuable potential of this tactic if shareholders understand what to do (learn more here).

Now, we’re going to take a look at the key action surrounding Triumph Group Inc (NYSE:TGI).

What does the smart money think about Triumph Group Inc (NYSE:TGI)?

At year’s end, a total of 23 of the hedge funds we track were bullish in this stock, a change of 5% from one quarter earlier. With the smart money’s sentiment swirling, there exists a few notable hedge fund managers who were increasing their stakes substantially.

According to our comprehensive database, Donald Chiboucis’s Columbus Circle Investors had the largest position in Triumph Group Inc (NYSE:TGI), worth close to $47 million, comprising 0.4% of its total 13F portfolio. On Columbus Circle Investors’s heels is Joe DiMenna of ZWEIG DIMENNA PARTNERS, with a $30 million position; the fund has 1.3% of its 13F portfolio invested in the stock. Other hedge funds that hold long positions include Ken Fisher’s Fisher Asset Management, Steven Cohen’s SAC Capital Advisors and Richard Driehaus’s Driehaus Capital.

With a general bullishness amongst the heavyweights, some big names have been driving this bullishness. Bluefin Investment Management, managed by Scott Burney, initiated the biggest position in Triumph Group Inc (NYSE:TGI). Bluefin Investment Management had 8 million invested in the company at the end of the quarter. Neil Chriss’s Hutchin Hill Capital also made a $1 million investment in the stock during the quarter. The other funds with brand new TGI positions are Andy Redleaf’s Whitebox Advisors, Glenn Russell Dubin’s Highbridge Capital Management, and Drew Cupps’s Cupps Capital Management.

What do corporate executives and insiders think about Triumph Group Inc (NYSE:TGI)?

Bullish insider trading is at its handiest when the company in question has seen transactions within the past six months. Over the latest 180-day time period, Triumph Group Inc (NYSE:TGI) has seen 2 unique insiders purchasing, and 3 insider sales (see the details of insider trades here).

With the results demonstrated by our tactics, retail investors must always keep an eye on hedge fund and insider trading activity, and Triumph Group Inc (NYSE:TGI) is no exception.

Click here to learn more about Insider Monkey’s Hedge Fund Newsletter

Insider Monkey’s small-cap strategy returned 29.2% between September 2012 and February 2013 versus 8.7% for the S&P 500 index. Try it now by clicking the link above.

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