Hedge Funds Are Crazy About FleetCor Technologies, Inc. (FLT)

Page 1 of 2

Now, according to many of your peers, hedge funds are seen as overrated, outdated investment vehicles of a period lost to current times. Although there are In excess of 8,000 hedge funds with their doors open in present day, Insider Monkey looks at the upper echelon of this club, around 525 funds. It is assumed that this group oversees the lion’s share of the hedge fund industry’s total assets, and by paying attention to their best stock picks, we’ve revealed a number of investment strategies that have historically outperformed the broader indices. Our small-cap hedge fund strategy beat the S&P 500 index by 18 percentage points per year for a decade in our back tests, and since we’ve started sharing our picks with our subscribers at the end of August 2012, we have topped the S&P 500 index by 33 percentage points in 11 months (find the details here).

Equally as useful, optimistic insider trading sentiment is another way to analyze the financial markets. There are a number of reasons for a bullish insider to drop shares of his or her company, but just one, very obvious reason why they would behave bullishly. Several empirical studies have demonstrated the market-beating potential of this tactic if piggybackers know where to look (learn more here).

FleetCor Technologies, Inc. (NYSE:FLT)

What’s more, it’s important to study the newest info about FleetCor Technologies, Inc. (NYSE:FLT).

What have hedge funds been doing with FleetCor Technologies, Inc. (NYSE:FLT)?

At the end of the second quarter, a total of 39 of the hedge funds we track held long positions in this stock, a change of 11% from the first quarter. With the smart money’s sentiment swirling, there exists a select group of noteworthy hedge fund managers who were upping their stakes meaningfully.

With a general bullishness amongst the titans, specific money managers have jumped into FleetCor Technologies, Inc. (NYSE:FLT) headfirst. Lone Pine Capital, managed by Stephen Mandel, assembled the most outsized position in FleetCor Technologies, Inc. (NYSE:FLT). Lone Pine Capital had 435 million invested in the company at the end of the quarter. Daniel S. Och’s OZ Management also initiated a $235.3 million position during the quarter. The other funds with brand new FLT positions are Chase Coleman and Feroz Dewan’s Tiger Global Management LLC, Jonathan Auerbach’s Hound Partners, and Robert Pitts’s Steadfast Capital Management.

How are insiders trading FleetCor Technologies, Inc. (NYSE:FLT)?

Bullish insider trading is particularly usable when the company in focus has seen transactions within the past six months. Over the latest six-month time period, FleetCor Technologies, Inc. (NYSE:FLT) has experienced zero unique insiders purchasing, and zero insider sales (see the details of insider trades here).

We’ll go over the relationship between both of these indicators in other stocks similar to FleetCor Technologies, Inc. (NYSE:FLT). These stocks are Verisk Analytics, Inc. (NASDAQ:VRSK), Global Payments Inc (NYSE:GPN), Alliance Data Systems Corporation (NYSE:ADS), Vantiv Inc (NYSE:VNTV), and Cintas Corporation (NASDAQ:CTAS). This group of stocks belong to the business services industry and their market caps are similar to FLT’s market cap.

Page 1 of 2
blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

6 Ways to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

10 Best Places to Visit in Central and South America

The 10 Greatest Empires in History Which Nearly Conquered the World

The 6 Cheapest Boarding Schools In America 2015

5 Clear Reasons LoL is Better than DotA, Continues to Rule MOBAs

The Only 9 Teams with a Chance to Win the Super Bowl

The 15 Most Common Phobias in America that Induce Fits of Panic

Top 6 Least Expensive Tourist Destinations in 2014

Jim Goetz, Peter Fenton, Jim Breyer: Top 6 Venture Investors for 2014

Top 15 Billionaires in 2014

5 Pitfalls To Avoid When Buying a Franchise

Top 20 Medical Schools in the US – 2014 Rankings

4 Business Strategies that Turned Jamie Oliver into the World’s Richest Chef

6 Qualities That Make You A Good Team Player

10 High Paying Seasonal Jobs in America this Holiday Season

The 10 Busiest Shipping Lanes in the World

5 Most Valuable Brands in China

The 10 States with Highest Substance Abuse Rates Crippling Their Populace

The Top 10 Things to Do Before You Die That Will Echo for Eternity

The 10 Best Selling Items on Etsy

Top 10 Things to Do in Tokyo, the Greatest City in the World

10 Mistakes on Social Media that Can Harm You and Will Probably Get You Canned

The 10 Best Cities to Find Jobs in 2014

The 10 Most Controversial Songs Of All Time to Hit (and get Banned from) the Airwaves

The 20 Biggest IPOs in US History

The 10 Best Places to Visit in Mexico that Are Beautiful and Safe

7 Bad Habits that Age You Beyond Your Years

The 40 Best Fortune Cookie Sayings That Will Leave You Bemused, Befuddled, or Beguiled

10 Foods to Eat Before a Workout to Make Every Drop of Sweat Count

The 5 Best Documentaries On Netflix You Must See

The Most Heartwarming and Inspirational Story Of This Halloween Season, It Will Make You Cry and Jump For Joy

10 Best Party Songs of All Time to Bring the House Down With

5 New World Order Conspiracy Theories that Will Strangle the World

The 10 Highest Rated Movies of 2014

The 10 Largest Container Shipping Companies in the World

The 10 Largest Armies in the World: Who Should We Be Afraid Of?

Best Warren Buffett Quotes on Money You Need to Hear

The 10 Highest Suicide Rates by Profession

The 20 Most Underrated Movies of All Time

The 10 Fastest Growing Companies in America

The 10 Biggest Outlet Malls in USA

The 5 Most Popular Rap Songs of All Time

The 10 Countries that Eat the Most Meat

The10 Most Expensive Countries to Fly To

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 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!