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In the eyes of many market players, hedge funds are perceived as bloated, outdated financial tools of a period lost to current times.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
Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The 10 Most Expensive iPhone Apps

The 9 Most Expensive Designer Shoes in the World

The 10 Most Expensive Cigarette Brands

The 10 Most Expensive Law Schools in the US

The 10 Best Wall Street Movies

The 10 Most Expensive Golf Clubs Ever Sold

The 10 Most Expensive Golf Memberships

The 10 Best Disney Characters Ever Created

The 8 Best Foods for Gaining Weight

The 10 Most Expensive Colleges in the World

The 7 Most Memorable Ad Campaigns of All Time

The 7 Most Expensive High Schools in the World

The 10 Electric Vehicles with the Longest Range

The 10 Cities with the Worst Drivers in the World

The 10 Most Expensive Dresses Ever Created

10 Islands to Visit Before You Die

10 Famous Celebrities Who Needed Rehab

The 15 Countries with the Largest Oil Reserves

The 10 Most Overused Excuses in the World

The 5 Best iOS Apps You Can’t Get on Android

5 Companies Damaged By Social Media Blunders

The 10 Most Legendary Blues Songs

The 10 Most Lawless Places in the World

4 Reasons China is a Threat to the US

The 17 Most Sugary Drinks in the World

The 10 Most Ruthless Rulers in History

The 10 Greatest Generals in History

Top 8 Travel Destinations for 2015

The 10 Safest Dog Breeds for Children

The 10 Most Stolen Vehicles in the US

The 7 Most Expensive Celebrity Weddings

The 10 Best LoL Teams in the World

Top 10 Worst Marketing Campaigns Ever Produced

Top 5 Diets that Help You Lose Weight

The 10 Best Ways to Stay Awake

7 Artists That Switched Musical Genres

The 10 Most Expensive Cities to Live in New Jersey

The 10 Best High Schools in New York

The 10 Countries With the Least Gender Inequality

The 6 Biggest Musician-Manager Feuds

The 10 Countries with the Cheapest Gas Prices

The 7 Most Theatrical Bands of All Time

The 8 Worst Band Breakups of All Time

The 10 Most Important South American Leaders

The 7 Most Successful Casting Show Winners

The 10 Most Peaceful Countries in the World

5 Big Reasons Communism Failed

The 15 Most Famous Carl Icahn Quotes

10 Scary Animals that are Actually Harmless

The 8 Most Famous Singer-Actors in Entertainment

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!