Hedge Funds Are Crazy About Marathon Petroleum Corp (NYSE:MPC)

Marathon Petroleum Corp (NYSE:MPC) was in 42 hedge funds’ portfolio at the end of the fourth quarter of 2012. MPC investors should pay attention to an increase in hedge fund sentiment in recent months. There were 40 hedge funds in our database with MPC holdings at the end of the previous quarter.

If you’d ask most shareholders, hedge funds are viewed as worthless, outdated financial tools of yesteryear. While there are greater than 8000 funds in operation today, we hone in on the leaders of this club, about 450 funds. It is estimated that this group controls the lion’s share of all hedge funds’ total capital, and by keeping an eye on their best investments, we have unsheathed a number of investment strategies that have historically outstripped Mr. Market. Our small-cap hedge fund strategy outperformed the S&P 500 index by 18 percentage points a 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 outperformed the S&P 500 index by 25 percentage points in 6.5 month (see all of our picks from August).

Equally as integral, optimistic insider trading sentiment is another way to parse down the investments you’re interested in. Obviously, there are many motivations for a corporate insider to downsize shares of his or her company, but just one, very clear reason why they would buy. Various empirical studies have demonstrated the impressive potential of this strategy if “monkeys” understand where to look (learn more here).

With all of this in mind, it’s important to take a peek at the key action surrounding Marathon Petroleum Corp (NYSE:MPC).

Hedge fund activity in Marathon Petroleum Corp (NYSE:MPC)

At the end of the fourth quarter, a total of 42 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 boosting their holdings substantially.

When looking at the hedgies we track, D. E. Shaw’s D E Shaw had the most valuable position in Marathon Petroleum Corp (NYSE:MPC), worth close to $227 million billion, accounting for 0.6% of its total 13F portfolio. Sitting at the No. 2 spot is Sean Cullinan of Point State Capital, with a $113 million position; 0.5% of its 13F portfolio is allocated to the company. Other peers that hold long positions include Robert Pitts’s Steadfast Capital Management, John Burbank’s Passport Capital and Wayne Cooperman’s Cobalt Capital Management.

Consequently, key money managers have jumped into Marathon Petroleum Corp (NYSE:MPC) headfirst. Scopus Asset Management, managed by Alexander Mitchell, initiated the largest position in Marathon Petroleum Corp (NYSE:MPC). Scopus Asset Management had 16 million invested in the company at the end of the quarter. also initiated a $16 million position during the quarter. The following funds were also among the new MPC investors: Stephen J. Errico’s Locust Wood Capital Advisers, Ken Heebner’s Capital Growth Management, and Louis Bacon’s Moore Global Investments.

How have insiders been trading Marathon Petroleum Corp (NYSE:MPC)?

Insider purchases made by high-level executives is best served when the company in question has seen transactions within the past six months. Over the latest six-month time frame, Marathon Petroleum Corp (NYSE:MPC) has seen zero unique insiders buying, and 6 insider sales (see the details of insider trades here).

With the results demonstrated by our tactics, everyday investors must always keep an eye on hedge fund and insider trading sentiment, and Marathon Petroleum Corp (NYSE:MPC) 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.

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 Most Influential Papers In Economics

Top 8 Biggest Charities in the US

10 Worst Celebrity Career Moves Ever

Top 10 Best Paid Tennis Stars in the World

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

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!