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Is Xinyuan Real Estate Co., Ltd. (ADR) (NYSE:XIN) the right pick for your portfolio? Prominent investors are altogether taking a bullish view. The number of long hedge fund positions strengthened by 2 lately. XINwas in 8 hedge funds’ portfolios at the end of September. There were 6 hedge funds in our database with XIN holdings at the end of the previous quarter. The level and the change in hedge fund popularity aren’t the only variables you need to analyze to decipher hedge funds’ perspectives. A stock may witness a boost in popularity but it may still be less popular than similarly priced stocks. That’s why at the end of this article we will examine companies such as Tarena International Inc(ADR) (NASDAQ:TEDU), First Community Bancshares Inc (NASDAQ:FCBC), and Tsakos Energy Navigation Ltd. (NYSE:TNP) to gather more data points.
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With all of this in mind, let’s go over the recent action surrounding Xinyuan Real Estate Co., Ltd. (ADR) (NYSE:XIN).
What does the smart money think about Xinyuan Real Estate Co., Ltd. (ADR) (NYSE:XIN)?
Heading into the fourth quarter of 2016, a total of 8 of the hedge funds tracked by Insider Monkey were long this stock, a change of 33% from the previous quarter. Below, you can check out the change in hedge fund sentiment towards XIN over the last 5 quarters. So, let’s see which hedge funds were among the top holders of the stock and which hedge funds were making big moves.
According to Insider Monkey’s hedge fund database, Renaissance Technologies, one of the largest hedge funds in the world, holds the most valuable position in Xinyuan Real Estate Co., Ltd. (ADR) (NYSE:XIN). Renaissance Technologies has a $13.2 million position in the stock, comprising less than 0.1%% of its 13F portfolio. The second largest stake is held by Arrowstreet Capital, led by Peter Rathjens, Bruce Clarke and John Campbell, which holds a $2.3 million position; less than 0.1%% of its 13F portfolio is allocated to the company. Remaining professional money managers with similar optimism consist of John Overdeck and David Siegel’s Two Sigma Advisors, Israel Englander’s Millennium Management and Louis Navellier’s Navellier & Associates. We should note that none of these hedge funds 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.