Hedge Funds Are Dumping Interpublic Group of Companies Inc (NYSE:IPG)

Interpublic Group of Companies Inc (NYSE:IPG) was in 23 hedge funds’ portfolio at the end of the fourth quarter of 2012. IPG has seen a decrease in activity from the world’s largest hedge funds in recent months. There were 29 hedge funds in our database with IPG holdings at the end of the previous quarter.

Interpublic Group of Companies Inc (NYSE:IPG)

In today’s marketplace, there are a multitude of indicators market participants can use to track publicly traded companies. Two of the most innovative are hedge fund and insider trading interest. At Insider Monkey, our studies have shown that, historically, those who follow the top picks of the elite fund managers can outperform the broader indices by a healthy amount (see just how much).

Equally as integral, optimistic insider trading sentiment is a second way to parse down the investments you’re interested in. As the old adage goes: there are plenty of incentives for a corporate insider to downsize shares of his or her company, but only one, very obvious reason why they would initiate a purchase. Several academic studies have demonstrated the useful potential of this strategy if piggybackers understand where to look (learn more here).

With these “truths” under our belt, we’re going to take a look at the key action regarding Interpublic Group of Companies Inc (NYSE:IPG).

What does the smart money think about Interpublic Group of Companies Inc (NYSE:IPG)?

At year’s end, a total of 23 of the hedge funds we track were long in this stock, a change of -21% from one quarter earlier. With the smart money’s positions undergoing their usual ebb and flow, there exists a few noteworthy hedge fund managers who were increasing their holdings significantly.

Of the funds we track, Ariel Investments, managed by John W. Rogers, holds the most valuable position in Interpublic Group of Companies Inc (NYSE:IPG). Ariel Investments has a $187 million position in the stock, comprising 3.9% of its 13F portfolio. Coming in second is David Cohen and Harold Levy of Iridian Asset Management, with a $159 million position; 0.6% of its 13F portfolio is allocated to the stock. Other hedge funds that hold long positions include Peter Rathjens, Bruce Clarke and John Campbell’s Arrowstreet Capital, Ken Griffin’s Citadel Investment Group and Jean-Marie Eveillard’s First Eagle Investment Management.

Seeing as Interpublic Group of Companies Inc (NYSE:IPG) has faced falling interest from the aggregate hedge fund industry, it’s safe to say that there lies a certain “tier” of money managers that slashed their full holdings in Q4. At the top of the heap, Robert Rodriguez and Steven Romick’s First Pacific Advisors LLC said goodbye to the biggest stake of the “upper crust” of funds we key on, valued at about $82 million in stock.. Robert Joseph Caruso’s fund, Select Equity Group, also dumped its stock, about $30 million worth. These bearish behaviors are intriguing to say the least, as aggregate hedge fund interest fell by 6 funds in Q4.

Insider trading activity in Interpublic Group of Companies Inc (NYSE:IPG)

Insider purchases made by high-level executives is best served when the company we’re looking at has seen transactions within the past half-year. Over the latest half-year time frame, Interpublic Group of Companies Inc (NYSE:IPG) has experienced 1 unique insiders buying, and 2 insider sales (see the details of insider trades here).

With the results shown by Insider Monkey’s time-tested strategies, everyday investors should always monitor hedge fund and insider trading activity, and Interpublic Group of Companies Inc (NYSE:IPG) applies perfectly to this mantra.

Click here to learn more about Insider Monkey’s Hedge Fund Newsletter

Insider Monkey’s small-cap strategy returned 29.2% between September 2012 and February 2013 versus 8.7% for the S&P 500 index. Try it now by clicking the link above.

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 10 Most Expensive iPhone Apps

The 9 Most Expensive Designer Shoes in the World

The 10 Most Expensive Cigarette Brands

The 10 Most Expensive Law Schools in the US

The 10 Best Wall Street Movies

The 10 Most Expensive Golf Clubs Ever Sold

The 10 Most Expensive Golf Memberships

The 10 Best Disney Characters Ever Created

The 8 Best Foods for Gaining Weight

The 10 Most Expensive Colleges in the World

The 7 Most Memorable Ad Campaigns of All Time

The 7 Most Expensive High Schools in the World

The 10 Electric Vehicles with the Longest Range

The 10 Cities with the Worst Drivers in the World

The 10 Most Expensive Dresses Ever Created

10 Islands to Visit Before You Die

10 Famous Celebrities Who Needed Rehab

The 15 Countries with the Largest Oil Reserves

The 10 Most Overused Excuses in the World

The 5 Best iOS Apps You Can’t Get on Android

5 Companies Damaged By Social Media Blunders

The 10 Most Legendary Blues Songs

The 10 Most Lawless Places in the World

4 Reasons China is a Threat to the US

The 17 Most Sugary Drinks in the World

The 10 Most Ruthless Rulers in History

The 10 Greatest Generals in History

Top 8 Travel Destinations for 2015

The 10 Safest Dog Breeds for Children

The 10 Most Stolen Vehicles in the US

The 7 Most Expensive Celebrity Weddings

The 10 Best LoL Teams in the World

Top 10 Worst Marketing Campaigns Ever Produced

Top 5 Diets that Help You Lose Weight

The 10 Best Ways to Stay Awake

7 Artists That Switched Musical Genres

The 10 Most Expensive Cities to Live in New Jersey

The 10 Best High Schools in New York

The 10 Countries With the Least Gender Inequality

The 6 Biggest Musician-Manager Feuds

The 10 Countries with the Cheapest Gas Prices

The 7 Most Theatrical Bands of All Time

The 8 Worst Band Breakups of All Time

The 10 Most Important South American Leaders

The 7 Most Successful Casting Show Winners

The 10 Most Peaceful Countries in the World

5 Big Reasons Communism Failed

The 15 Most Famous Carl Icahn Quotes

10 Scary Animals that are Actually Harmless

The 8 Most Famous Singer-Actors in Entertainment

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!