Hedge Funds Are Crazy About Boise Inc. (NYSE:BZ)

Boise Inc. (NYSE:BZ) investors should pay attention to an increase in hedge fund sentiment recently.

Boise Inc. (NYSE:BZ)

In the eyes of most shareholders, hedge funds are perceived as unimportant, old financial vehicles of the past. While there are over 8000 funds trading today, we at Insider Monkey hone in on the bigwigs of this club, about 450 funds. Most estimates calculate that this group controls the majority of the smart money’s total capital, and by watching their top stock picks, we have determined a few investment strategies that have historically outperformed Mr. Market. Our small-cap hedge fund strategy beat the S&P 500 index by 18 percentage points a year 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 outpaced the S&P 500 index by 25 percentage points in 6.5 month (check out a sample of our picks).

Equally as key, bullish insider trading activity is another way to parse down the financial markets. Obviously, there are a variety of reasons for an upper level exec to sell shares of his or her company, but only one, very obvious reason why they would behave bullishly. Several empirical studies have demonstrated the impressive potential of this strategy if “monkeys” know where to look (learn more here).

Consequently, we’re going to take a gander at the latest action surrounding Boise Inc. (NYSE:BZ).

Hedge fund activity in Boise Inc. (NYSE:BZ)

In preparation for this year, a total of 18 of the hedge funds we track were bullish in this stock, a change of 6% from the previous quarter. With hedgies’ capital changing hands, there exists a select group of noteworthy hedge fund managers who were boosting their holdings significantly.

When looking at the hedgies we track, Paulson & Co, managed by John Paulson, holds the most valuable position in Boise Inc. (NYSE:BZ). Paulson & Co has a $56 million position in the stock, comprising 0.3% of its 13F portfolio. The second largest stake is held by John Burbank of Passport Capital, with a $21 million position; 0% of its 13F portfolio is allocated to the company. Other hedgies that hold long positions include John Fichthorn’s Dialectic Capital Management, Chuck Royce’s Royce & Associates and Israel Englander’s Millennium Management.

As one would reasonably expect, specific money managers have jumped into Boise Inc. (NYSE:BZ) headfirst. Renaissance Technologies, managed by Jim Simons, initiated the largest position in Boise Inc. (NYSE:BZ). Renaissance Technologies had 1 million invested in the company at the end of the quarter. Neil Chriss’s Hutchin Hill Capital also initiated a $1 million position during the quarter. The only other fund with a brand new BZ position is Louis Bacon’s Moore Global Investments.

What have insiders been doing with Boise Inc. (NYSE:BZ)?

Bullish insider trading is at its handiest when the company we’re looking at has experienced transactions within the past half-year. Over the last half-year time period, Boise Inc. (NYSE:BZ) has seen zero unique insiders buying, and zero insider sales (see the details of insider trades here).

With the results shown by Insider Monkey’s studies, retail investors must always pay attention to hedge fund and insider trading sentiment, and Boise Inc. (NYSE:BZ) is an important part of this process.

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.

Biotech Insider Alert - $6 Stock To Hit $40

$200 Million Dollar Healthcare Hedge Fund's #1 Best Idea Right Now

The best healthcare hedge fund out there right now is one of the largest shareholders in this biotech stock. The fund returned more than 20% in each of the last 2 years with a virtually fully hedged portfolio, and it's sending out a BUY signal on this biotech stock. Get your FREE REPORT today (retail value of $300)

This is a FREE report from Insider Monkey. Credit Card is NOT required.
Click here to Read Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 74 percentage points in 2.5 years. Our beta is only 1.2 (download a FREE newsletter and see the details inside)

Lists

Best Selling Magazines in the World

Shortest People in History

The Most Celebrated Holidays in the World

Most Expensive Handbag Brands in the World

Top Selling Comic Book Issues of this Century

The Most Powerful Women in Politics

Best Paid DJs

Most Rebellious Female Artists

Best Paid TV Actresses of 2014

Best Paid Actors of 2014

Most Expensive Horses in the World

Tallest People Ever

Most Encouraging Feminist Celebrities

Best Paid Supermodels of 2014

Top 10 Suburbs for Retirement in 2015

10 Wealthiest Cities in America

Top 10 TED Talks for Entrepreneurs

Best TED Talks on Education

25 Most Dangerous Places to Live in America

Top 10 Ski Resorts in the United States – 2014 List

Top 10 Most Remote Places in the World

Most Visited Museums in the United States

Wealthiest Photographers in the World

Most Famous Gay Athletes

The World’s Most Famous Circuses

Best Hair Stylists

Most Popular NASCAR Drivers

The Best Romance Movies of all Time

The Most Wanted Drug Lords

The Oldest Money Managers

The Greatest Directors in the World

Largest Animals in the World

World’s Most Expensive Desserts

Best Selling Comic Books of All Time

A-list Actors who Sabotaged Their Career

Rappers With a College Degree

The Best Jazz Albums of all Time

The Most Influential Jazz Musicians

The World’s Most Famous Photographers

The Best Oscar-Winning Songs

Most Influential Choreographers Ever

Most Expensive Department Stores in the World

The Most Expensive Stolen Paintings in the World

The World’s Most Expensive Teas

Top Oscar Record Holders

The Most Expensive Flowers in the World

Countries With a Booming Film Industry

Most Expensive Cupcakes in the World

Uncommon European Escapes

The Most Stolen Artists in History

Subscribe

Enter your email:

Delivered by FeedBurner

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 129% in 2.5 years!! Wondering How?

Download a complete edition of our newsletter for free!