Hedge Funds Are Dumping Freescale Semiconductor Ltd (FSL)

Page 1 of 2

Freescale Semiconductor Ltd (NYSE:FSL) was in 7 hedge funds’ portfolio at the end of December. FSL has experienced a decrease in hedge fund interest recently. There were 16 hedge funds in our database with FSL positions at the end of the previous quarter.

In the eyes of most market participants, hedge funds are perceived as unimportant, outdated investment tools of yesteryear. While there are more than 8000 funds in operation today, we at Insider Monkey look at the upper echelon of this group, about 450 funds. Most estimates calculate that this group has its hands on the lion’s share of the smart money’s total asset base, and by keeping an eye on their highest performing investments, we have discovered a few investment strategies that have historically outpaced Mr. Market. Our small-cap hedge fund strategy outperformed the S&P 500 index by 18 percentage points per 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 beaten the S&P 500 index by 24 percentage points in 7 months (check out a sample of our picks).

SAC CAPITAL ADVISORS

Equally as key, bullish insider trading sentiment is a second way to break down the world of equities. As the old adage goes: there are a variety of stimuli for an executive to drop shares of his or her company, but only one, very clear reason why they would buy. Many empirical studies have demonstrated the market-beating potential of this strategy if shareholders understand what to do (learn more here).

Consequently, let’s take a peek at the latest action surrounding Freescale Semiconductor Ltd (NYSE:FSL).

What have hedge funds been doing with Freescale Semiconductor Ltd (NYSE:FSL)?

At year’s end, a total of 7 of the hedge funds we track were bullish in this stock, a change of -56% from the previous quarter. With hedge funds’ positions undergoing their usual ebb and flow, there exists a select group of key hedge fund managers who were boosting their stakes substantially.

According to our comprehensive database, Criterion Capital, managed by Christopher Lord, holds the largest position in Freescale Semiconductor Ltd (NYSE:FSL). Criterion Capital has a $5.6 million position in the stock, comprising 0.3% of its 13F portfolio. The second largest stake is held by SAC Capital Advisors, managed by Steven Cohen, which held a $5.3 million position; the fund has less than 0.1%% of its 13F portfolio invested in the stock. Other peers with similar optimism include Peter Rathjens, Bruce Clarke and John Campbell’s Arrowstreet Capital, Louis Bacon’s Moore Global Investments and David Costen Haley’s HBK Investments.

Because Freescale Semiconductor Ltd (NYSE:FSL) has witnessed a declination in interest from the aggregate hedge fund industry, we can see that there was a specific group of hedgies that elected to cut their positions entirely last quarter. Interestingly, Israel Englander’s Millennium Management dropped the largest position of the 450+ funds we track, comprising about $3.8 million in stock.. Carl Tiedemann and Michael Tiedemann’s fund, TIG Advisors, also sold off its stock, about $2.1 million worth. These moves are important to note, as total hedge fund interest was cut by 9 funds last quarter.

What do corporate executives and insiders think about Freescale Semiconductor Ltd (NYSE:FSL)?

Insider trading activity, especially when it’s bullish, is best served when the company in focus has seen transactions within the past 180 days. Over the last six-month time frame, Freescale Semiconductor Ltd (NYSE:FSL) has experienced zero unique insiders buying, and 9 insider sales (see the details of insider trades here).

Let’s also examine hedge fund and insider activity in other stocks similar to Freescale Semiconductor Ltd (NYSE:FSL). These stocks are STMicroelectronics N.V. (ADR) (NYSE:STM), Mellanox Technologies, Ltd. (NASDAQ:MLNX), Atmel Corporation (NASDAQ:ATML), AU Optronics Corp. (ADR) (NYSE:AUO), and ON Semiconductor Corp (NASDAQ:ONNN). This group of stocks belong to the semiconductor – broad line industry and their market caps match FSL’s market cap.

Page 1 of 2

Biotech Insider Alert - $6 Stock To Hit $40

$200 Million Dollar Healthcare Hedge Fund's #1 Best Idea Right Now

The best healthcare hedge fund out there right now is one of the largest shareholders in this biotech stock. The fund returned more than 20% in each of the last 2 years with a virtually fully hedged portfolio, and it's sending out a BUY signal on this biotech stock. Get your FREE REPORT today (retail value of $300)

This is a FREE report from Insider Monkey. Credit Card is NOT required.
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 World’s Most Famous Circuses

Best Hair Stylists

Most Popular NASCAR Drivers

The Best Romance Movies of all Time

The Most Wanted Drug Lords

The Oldest Money Managers

The Greatest Directors in the World

Largest Animals in the World

World’s Most Expensive Desserts

Best Selling Comic Books of All Time

A-list Actors who Sabotaged Their Career

Rappers With a College Degree

The Best Jazz Albums of all Time

The Most Influential Jazz Musicians

The World’s Most Famous Photographers

The Best Oscar-Winning Songs

Most Influential Choreographers Ever

Most Expensive Department Stores in the World

The Most Expensive Stolen Paintings in the World

The World’s Most Expensive Teas

Top Oscar Record Holders

The Most Expensive Flowers in the World

Countries With a Booming Film Industry

Most Expensive Cupcakes in the World

Uncommon European Escapes

The Most Stolen Artists in History

Best Travel Destinations in Australia

World’s Most Expensive Musical Instruments

World’s Most Famous Animals

Most Expensive Cakes in the World

Most Expensive Kosher Champagne in the World

Most Expensive Kosher Wine in the World

The Most Surprisingly Dark Fairy Tales

Most Popular Travel Destinations in Asia

The 10 Most Expensive Dresses Ever Worn to the Oscars

World’s Most Visited Art Museums

Best Countries for Photographers to Work in

Best Paid Jobs in the Film Industry

The Most Renowned Recovered Paintings Ever

Child Stars That Turned out Just Fine

Books That Were Banned in the Past Century

World’s Richest Dancers

Best Remedies against Bad Breath

Foods That Improve Your Skin Texture

Best-Selling Children’s Books of all Time

Foods That Boost Your Libido

Best-Selling Books of all Time

The Most Expensive Academy Awards Jewelry in History

Most Expensive Japanese Restaurant In New York City

The Best B-Boy Movies

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 129% in 2.5 years!! Wondering How?

Download a complete edition of our newsletter for free!