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Hedge Funds Are Crazy About Match Group Inc (MTCH)

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World-class money managers like Ken Griffin and Barry Rosenstein only invest their wealthy clients’ money after undertaking a rigorous examination of any potential stock. They are particularly successful in this regard when it comes to small-cap stocks, which their peerless research gives them a big information advantage on when it comes to judging their worth. It’s not surprising then that they generate their biggest returns from these stocks and invest more of their money in these stocks on average than other investors. It’s also not surprising then that we pay close attention to these picks ourselves and have built a market-beating investment strategy around them.

Match Group Inc(NASDAQ:MTCH) investors should be aware of an increase in enthusiasm from smart money in recent months. MTCH was in 19 hedge funds’ portfolios at the end of September. There were 16 hedge funds in our database with MTCH holdings at the end of the previous quarter. At the end of this article we will also compare MTCH to other stocks including Cullen/Frost Bankers, Inc. (NYSE:CFR), Orbital ATK Inc (NYSE:OA), and Graphic Packaging Holding Company (NYSE:GPK) to get a better sense of its popularity.

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At Insider Monkey, we’ve developed an investment strategy that has delivered market-beating returns over the past 12 months. Our strategy identifies the 100 best-performing funds of the previous quarter from among the collection of 700+ successful funds that we track in our database, which we accomplish using our returns methodology. We then study the portfolios of those 100 funds using the latest 13F data to uncover the 30 most popular mid-cap stocks (market caps of between $1 billion and $10 billion) among them to hold until the next filing period. This strategy delivered 18% gains over the past 12 months, more than doubling the 8% returns enjoyed by the S&P 500 ETFs.

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What does the smart money think about Match Group Inc(NASDAQ:MTCH)?

Heading into the fourth quarter of 2016, a total of 19 of the hedge funds tracked by Insider Monkey were bullish on this stock, up by 19% from the second quarter of 2016. On the other hand, there were a total of 18 hedge funds with a bullish position in MTCH at the beginning of this year. With the smart money’s positions undergoing their usual ebb and flow, there exists a few key hedge fund managers who were upping their holdings meaningfully (or already accumulated large positions).

HedgeFundSentimentChart

When looking at the institutional investors followed by Insider Monkey, Philippe Laffont’s Coatue Management has the largest position in Match Group Inc(NASDAQ:MTCH), worth close to $13 million. Sitting at the No. 2 spot is Seymour Sy Kaufman and Michael Stark of Crosslink Capital, with a $11.7 million position; 2.1% of its 13F portfolio is allocated to the company. Other hedge funds and institutional investors that hold long positions encompass Clint Murray’s Lodge Hill Capital, Principal Global Investors’ Columbus Circle Investors and Joshua Nash’s Ulysses Management. We should note that two of these hedge funds (Lodge Hill Capital and Ulysses Management) are among our list of the 100 best performing hedge funds which is based on the performance of their 13F long positions in non-microcap stocks.

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