With the third-quarter round of 13F filings behind us it is time to take a look at the stocks in which some of the best money managers in the world preferred to invest or sell heading into the fourth quarter. One of these stocks was Arc Group World Wide Inc (NASDAQ:ARCW).
Is Arc Group World Wide Inc (NASDAQ:ARCW) an excellent stock to buy now? Investors who are in the know are in a bearish mood. The number of bullish hedge fund bets was trimmed by 2 in recent months. 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 CAS Medical Systems Inc (NASDAQ:CASM), Goodrich Petroleum Corporation (NYSE:GDP), and Discovery Laboratories, Inc. (NASDAQ:DSCO) to gather more data points.
In the eyes of most traders, hedge funds are assumed to be slow, outdated financial tools of yesteryear. While there are over 8000 funds in operation today, Our researchers look at the top tier of this group, about 700 funds. It is estimated that this group of investors command bulk of the smart money’s total asset base, and by shadowing their matchless stock picks, Insider Monkey has come up with several investment strategies that have historically surpassed Mr. Market. Insider Monkey’s small-cap hedge fund strategy exceeded the S&P 500 index by 12 percentage points annually for a decade in their back tests.
Keeping this in mind, we’re going to check out the key action surrounding Arc Group World Wide Inc (NASDAQ:ARCW).
How are hedge funds trading Arc Group World Wide Inc (NASDAQ:ARCW)?
Heading into Q4, a total of 4 of the hedge funds tracked by Insider Monkey held long positions in this stock, a change of -33% from one quarter earlier. With hedgies’ positions undergoing their usual ebb and flow, there exists an “upper tier” of key hedge fund managers who were increasing their stakes substantially (or already accumulated large positions).
Among the funds that held the largest stakes in ARCW at the end of September, Peter Keane‘s Keane Capital Management reported the top position, worth $0.1 million and representing 0.1% of its equity portfolio. Two other funds with stakes in the company are Chuck Royce’s Royce & Associates and Jim Simons’ Renaissance Technologies.