Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Hedge Funds Are Dumping Harley-Davidson, Inc. (HOG)

Page 1 of 2

Based on the fact that hedge funds have collectively under-performed the market for several years, it would be easy to assume that their stock picks simply aren’t very good. However, our research shows this not to be the case. In fact, when it comes to their very top picks collectively, they show a strong ability to pick winning stocks. Between November 1, 2014 and October 30 of this year, less than 49% of the stocks in the S&P 500 beat the market. However, hedge funds’ top 30 stock picks from the index had a much higher success rate than this, at 63%. The returns from these 30 stocks also easily bested the broader market, at 9.5% compared to 5.2%, despite there being a few duds in there like Micron and Anadarko (even their collective wisdom isn’t perfect). The results show that there is plenty of merit to imitating the collective wisdom of top investors.

Harley-Davidson, Inc. (NYSE:HOG) investors should be aware of a decrease in hedge fund sentiment lately. HOG was in 24 hedge funds’ portfolios at the end of September. There were 27 hedge funds in our database with HOG positions at the end of the previous quarter. At the end of this article we will also compare HOG to other stocks, including POSCO (ADR) (NYSE:PKX), Discovery Communications Inc. (NASDAQ:DISCA), and Markel Corporation (NYSE:MKL) to get a better sense of its popularity.

Follow Harley Davidson Inc (NYSE:HOG)
Trade (NYSE:HOG) Now!

Today there are tons of formulas stock market investors employ to value stocks. A duo of the most under-the-radar formulas are hedge fund and insider trading indicators. Our researchers have shown that, historically, those who follow the top picks of the best investment managers can outclass the market by a significant margin (see the details here).

Keeping this in mind, we’re going to check out the key action surrounding Harley-Davidson, Inc. (NYSE:HOG).

How have hedgies been trading Harley-Davidson, Inc. (NYSE:HOG)?

Heading into Q4, a total of 24 of the hedge funds tracked by Insider Monkey held long positions in this stock, a drop of 11% from the previous quarter. With the smart money’s capital changing hands, there exists an “upper tier” of key hedge fund managers who were increasing their stakes meaningfully (or already accumulated large positions).

Of the funds tracked by Insider Monkey, Cantillon Capital Management, run by William von Mueffling, holds the largest position in Harley-Davidson, Inc. (NYSE:HOG). At the end of the quarter, the fund had a $332.9 million position in the stock, comprising 7.1% of its 13F portfolio. The second largest stake is held by Select Equity Group, managed by Robert Joseph Caruso, which holds a $98.2 million position; 0.9% of its 13F portfolio is allocated to the stock. Other professional money managers that hold long positions comprise Joel Greenblatt’s Gotham Asset Management, David Harding’s Winton Capital Management and Daniel Bubis’s Tetrem Capital Management.

Page 1 of 2

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...
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 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!