Hedge Funds Are Crazy About Sealed Air Corp (SEE)

Page 1 of 2

In the eyes of many market players, hedge funds are perceived as bloated, outdated financial tools of a period lost to current times. Although there are In excess of 8,000 hedge funds with their doors open currently, this site aim at the upper echelon of this group, close to 525 funds. It is widely held that this group oversees most of the hedge fund industry’s total capital, and by keeping an eye on their highest quality picks, we’ve unearthed a few investment strategies that have historically beaten the broader indices. Our small-cap hedge fund strategy outstripped 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 33 percentage points in 11 months (explore the details and some picks here).

Equally as key, optimistic insider trading activity is another way to look at the marketplace. Just as you’d expect, there are a variety of incentives for a bullish insider to downsize shares of his or her company, but only one, very clear reason why they would initiate a purchase. Several academic studies have demonstrated the valuable potential of this tactic if investors know where to look (learn more here).

Thus, we’re going to examine the recent info about Sealed Air Corp (NYSE:SEE).

Hedge fund activity in Sealed Air Corp (NYSE:SEE)

Heading into Q3, a total of 37 of the hedge funds we track were bullish in this stock, a change of 19% from one quarter earlier. With hedge funds’ sentiment swirling, there exists a few key hedge fund managers who were upping their stakes significantly.

Sealed Air Corp (NYSE:SEE)According to our 13F database, David Cohen and Harold Levy’s Iridian Asset Management had the most valuable position in Sealed Air Corp (NYSE:SEE), worth close to $132.2 million, accounting for 1.7% of its total 13F portfolio. On Iridian Asset Management’s heels is Renaissance Technologies, managed by Jim Simons, which held a $44.9 million position; 0.1% of its 13F portfolio is allocated to the stock. Some other peers with similar optimism include D. E. Shaw’s D E Shaw, Glenn J. Krevlin’s Glenhill Advisors and Matt McLennan’s First Eagle Investment Management.

With a general bullishness amongst the titans, specific money managers have jumped into Sealed Air Corp (NYSE:SEE) headfirst. Iridian Asset Management, managed by David Cohen and Harold Levy, assembled the most valuable position in Sealed Air Corp (NYSE:SEE). Iridian Asset Management had 132.2 million invested in the company at the end of the quarter. Jim Simons’s Renaissance Technologies also initiated a $44.9 million position during the quarter. The following funds were also among the new SEE investors: D. E. Shaw’s D E Shaw, Glenn J. Krevlin’s Glenhill Advisors, and Matt McLennan’s First Eagle Investment Management.

What have insiders been doing with Sealed Air Corp (NYSE:SEE)?

Legal insider trading, particularly when it’s bullish, is particularly usable when the company in question has seen transactions within the past half-year. Over the last six-month time frame, Sealed Air Corp (NYSE:SEE) has experienced zero unique insiders purchasing, and 7 insider sales (see the details of insider trades here).

We’ll check out the relationship between both of these indicators in other stocks similar to Sealed Air Corp (NYSE:SEE). These stocks are AptarGroup, Inc. (NYSE:ATR), Bemis Company, Inc. (NYSE:BMS), Owens-Illinois Inc (NYSE:OI), Packaging Corp Of America (NYSE:PKG), and Tupperware Brands Corporation (NYSE:TUP). This group of stocks are in the packaging & containers industry and their market caps match SEE’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

The Top 10 Most Expensive Digital Cameras to Snap Stunning Shots With

The 10 Highest Quality Fast Food Restaurants In America Today

The 8 Best Halloween Decorating Ideas to Spook Up Your House

10 Marvel Women that Should Get a Movie Right Now

The 20 Best Remixes of Popular Songs that Will Make You Forget the Originals

7 Most Expensive Cities in the World

5 Least Expensive Cities in the World

10 Celebrities Who Believe In Scientology

10 High Margin Food Products to Build a Business Around

The 10 Most Expensive Clothing Stores in the United States to Get Decked Out At

The 5 Biggest Kickstarter Scams That Swindled Backers’ Donations

The 10 Most Expensive Boarding Schools In the World

50 Crazy Facts About Japan You Won’t Believe

Top 10 Least Expensive Hybrid Cars to Save the Planet With

The 10 Biggest ‘Gate’ Controversies in History

The 10 States with the Highest Nursing Shortages Leaving Their Hospitals Depleted

The 10 Best Value Investment Blogs that Every Investor Must Read

The 6 Cheapest Boarding Schools in Europe 2015

The 5 Most Expensive Cars To Insure in the World

The 10 Most Common Genetically Modified Foods

10 Self-Made Billionaires Who Came From Nothing

The 10 Most Expensive Cities to Live in North America

The 13 Most Expensive Headphones in the World to Represent

The Top 20 Wealthiest Soccer Teams in 2014

4 BuzzWorthy Cannabis Stocks And Some Smoking Derivative Plays

The 10 Healthiest Fast Food Chains in America to Dine At

The 5 Most Expensive Cat Food Brands You Can Spoil Your Kitty With

The 6 Best eCommerce Platforms for Small Businesses

The 10 Worst Mistakes an Entrepreneur Can Make

The 5 Most OP Characters in League of Legends to Carry Games and Crush Foes With

The 5 Best Foods to Eat Before Running that Will Help You Pound the Pavement

10 Glaring Plot Holes in The Walking Dead that a Zombie-Filled Bus Could Drive Through

The 5 Biggest Celebrity Stoners Who Love Their Reefer

The 10 Most Overrated Movies Of All Time by Out-of-Touch Critics

Top 6 Least Expensive Cruise Destinations For 2015 that Will Take You to Paradise

10 States with Lowest Substance Abuse Rates in America

The 14 Most Watched TV Finales Ever

The 10 Best Selling Role Playing Games of All Time for PC

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

Top 6 Cities For The Ultra Rich to Live in Comfort

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

How 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

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!