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Now, according to many of your peers, hedge funds are seen as overrated, outdated investment vehicles of a period lost to current times.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 Top Reasons For Getting Fired

The 3 Best States to Start an LLC

10 Jobs That Allow You to Travel

7 High-Paying Jobs You Can Do From Home

12 Best Cities to Shop in USA

10 Best States To Practice Medicine

The 10 Best States to Have a Business

The 12 Most Expensive Apple (AAPL) Apps in the Market

The 10 Richest Billionaires in the World

10 Biggest Kickstarter Failures

The 10 Best Places to Work At

The Top 10 of Google Inc (GOOGL)’s Most Expensive Acquisitions

13 Best Cities to Visit in South America

10 Most Expensive Works of Art of All Time

The 10 Richest Banks in the World

The 10 Best-Paying Jobs in America (2014)

7 Most Expensive Foods in the World

The World’s Top 10 Earning Authors

Five Wicked and Very Expensive Items (and Other “Stuff”) Sold on eBay

10 Biggest Celebrity Bankruptcies

The Top 10 Highest Paid CEOs in 2014

The 10 Most Expensive Real Estate Cities in America

10 Most Expensive States To Live In America

The 10 Best Airlines in the World

The 10 Best-Selling Cars in 2014

The 10 Best Industries to Invest In

The 10 Most Expensive States to Own a Car In

Top 10 Business Schools in US: 2014 Rankings

Top 20 Female Billionaires in 2014

6 Movies That You Should Watch to Better Understand The Cold War

Top 15 Best Paying Jobs for Women in 2014

Top 6 Things Rich People Do Differently Every Day

5 Retirement Mistakes To Avoid (and Einstein’s Famous Quote)

11 Smartest People in the World

6 Films About the Financial World You Need To Watch (While “The Wolf” is Not Around)

Warren Buffett and Billionaires Are Crazy About These 7 Stocks

The Top 10 States With Fastest Internet Speeds

10 Best Places to Visit in USA in August

Top 10 Cities to Visit Before You Die

Top 10 Genetically Modified Food In the US

15 Highest Grossing Movies Opening Weekend

5 Best Poker Books For Beginners

10 Strategies Hedge Funds Use to Make Huge Returns

Top 10 Fast Food Franchises to Buy

10 Best Places to Visit in Canada

Best Summer Jobs for Teachers

10 Youngest Hedge Fund Billionaires

Top 10 One Hit Wonders of the 90s

Fastest Growing Cities In America

Top 10 U.S. Cities for Freelancers

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!