Hedge Funds Are Crazy About Stoneridge, Inc. (SRI)

Stoneridge, Inc. (NYSE:SRI) was in 11 hedge funds’ portfolio at the end of the first quarter of 2013. SRI has seen an increase in enthusiasm from smart money of late. There were 8 hedge funds in our database with SRI positions at the end of the previous quarter.

If you’d ask most investors, hedge funds are viewed as underperforming, old investment tools of the past. While there are over 8000 funds in operation today, we look at the aristocrats of this group, close to 450 funds. Most estimates calculate that this group has its hands on the majority of the hedge fund industry’s total capital, and by watching their highest performing equity investments, we have found a few investment strategies that have historically outpaced the broader indices. Our small-cap hedge fund strategy outpaced the S&P 500 index by 18 percentage points per annum for a decade in our back tests, and since we’ve began to sharing our picks with our subscribers at the end of August 2012, we have beaten the S&P 500 index by 23.3 percentage points in 8 months (see all of our picks from August).

Mario GabelliEqually as important, bullish insider trading activity is a second way to parse down the marketplace. Just as you’d expect, there are many incentives for an upper level exec to sell shares of his or her company, but just one, very simple reason why they would buy. Various academic studies have demonstrated the market-beating potential of this strategy if shareholders understand where to look (learn more here).

Now, we’re going to take a look at the key action encompassing Stoneridge, Inc. (NYSE:SRI).

What have hedge funds been doing with Stoneridge, Inc. (NYSE:SRI)?

Heading into Q2, a total of 11 of the hedge funds we track were bullish in this stock, a change of 38% from the previous quarter. With hedge funds’ sentiment swirling, there exists an “upper tier” of notable hedge fund managers who were boosting their stakes meaningfully.

When looking at the hedgies we track, Cannell Capital, managed by J. Carlo Cannell, holds the most valuable position in Stoneridge, Inc. (NYSE:SRI). Cannell Capital has a $6.5 million position in the stock, comprising 4.2% of its 13F portfolio. Sitting at the No. 2 spot is GAMCO Investors, managed by Mario Gabelli, which held a $2.8 million position; the fund has less than 0.1%% of its 13F portfolio invested in the stock. Some other hedge funds that are bullish include Ken Brodkowitz and Mike Vermut’s Newland Capital, Jim Simons’s Renaissance Technologies and Israel Englander’s Millennium Management.

As industrywide interest jumped, key money managers were breaking ground themselves. D E Shaw, managed by D. E. Shaw, initiated the most outsized position in Stoneridge, Inc. (NYSE:SRI). D E Shaw had 0.3 million invested in the company at the end of the quarter. Peter Algert and Kevin Coldiron’s Algert Coldiron Investors also initiated a $0.3 million position during the quarter. The following funds were also among the new SRI investors: Neil Chriss’s Hutchin Hill Capital and Glenn Russell Dubin’s Highbridge Capital Management.

What do corporate executives and insiders think about Stoneridge, Inc. (NYSE:SRI)?

Bullish insider trading is at its handiest when the company we’re looking at has experienced transactions within the past six months. Over the latest six-month time period, Stoneridge, Inc. (NYSE:SRI) has seen 2 unique insiders purchasing, and zero insider sales (see the details of insider trades here).

With the returns exhibited by our research, everyday investors must always monitor hedge fund and insider trading sentiment, and Stoneridge, Inc. (NYSE:SRI) is an important part of this process.

Click here to learn why you should track hedge funds

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!