Hedge Funds Are Dumping Mellanox Technologies, Ltd. (NASDAQ:MLNX)

Mellanox Technologies, Ltd. (NASDAQ:MLNX) was in 21 hedge funds’ portfolio at the end of December. MLNX investors should pay attention to a decrease in hedge fund interest lately. There were 24 hedge funds in our database with MLNX positions at the end of the previous quarter.

In the financial world, there are a multitude of metrics shareholders can use to watch publicly traded companies. A duo of the most innovative are hedge fund and insider trading movement. At Insider Monkey, our research analyses have shown that, historically, those who follow the best picks of the top investment managers can outpace the S&P 500 by a significant margin (see just how much).

Mellanox Technologies, Ltd. (NASDAQ:MLNX)Just as beneficial, optimistic insider trading sentiment is a second way to break down the marketplace. Just as you’d expect, there are lots of stimuli for a bullish insider to get rid of shares of his or her company, but just one, very obvious reason why they would behave bullishly. Several academic studies have demonstrated the valuable potential of this strategy if shareholders understand what to do (learn more here).

Now, let’s take a gander at the key action regarding Mellanox Technologies, Ltd. (NASDAQ:MLNX).

What does the smart money think about Mellanox Technologies, Ltd. (NASDAQ:MLNX)?

Heading into 2013, a total of 21 of the hedge funds we track held long positions in this stock, a change of -13% from the third quarter. With the smart money’s capital changing hands, there exists a few noteworthy hedge fund managers who were increasing their holdings substantially.

Of the funds we track, Tiger Global Management LLC holds the most valuable position in Mellanox Technologies, Ltd. (NASDAQ:MLNX). Tiger Global Management LLC has a $42 million position in the stock, comprising 0.8% of its 13F portfolio. The second largest stake is held by Donald Chiboucis of Columbus Circle Investors, with a $36 million position; the fund has 0.3% of its 13F portfolio invested in the stock. Some other hedge funds that are bullish include Philippe Laffont’s Coatue Management, Richard Driehaus’s Driehaus Capital and Jim Simons’s Renaissance Technologies.

Because Mellanox Technologies, Ltd. (NASDAQ:MLNX) has experienced falling interest from hedge fund managers, it’s safe to say that there lies a certain “tier” of fund managers that decided to sell off their positions entirely in Q4. Interestingly, Daniel Benton’s Andor Capital Management sold off the largest position of the 450+ funds we key on, worth close to $51 million in stock., and Robert B. Gillam of McKinley Capital Management was right behind this move, as the fund dropped about $32 million worth. These bearish behaviors are important to note, as aggregate hedge fund interest dropped by 3 funds in Q4.

What do corporate executives and insiders think about Mellanox Technologies, Ltd. (NASDAQ:MLNX)?

Bullish insider trading is best served when the company in focus has experienced transactions within the past half-year. Over the latest half-year time frame, Mellanox Technologies, Ltd. (NASDAQ:MLNX) has experienced zero unique insiders buying, and 8 insider sales (see the details of insider trades here).

With the results exhibited by Insider Monkey’s time-tested strategies, everyday investors must always pay attention to hedge fund and insider trading sentiment, and Mellanox Technologies, Ltd. (NASDAQ:MLNX) shareholders fit into this picture quite nicely.

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.

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

Best States To Practice Medicine

The 10 Best States to Have a Business

The 12 Most Expensive Apple (AAPL) Apps in the Market

The 10 Richest Billionaires in the World

10 Biggest Kickstarter Failures

The 10 Best Places to Work At

The Top 10 of Google Inc (GOOGL)’s Most Expensive Acquisitions

13 Best Cities to Visit in South America

10 Most Expensive Works of Art of All Time

The 10 Richest Banks in the World

The 10 Best-Paying Jobs in America (2014)

7 Most Expensive Foods in the World

The World’s Top 10 Earning Authors

Five Wicked and Very Expensive Items (and Other “Stuff”) Sold on eBay

10 Biggest Celebrity Bankruptcies

The Top 10 Highest Paid CEOs in 2014

The 10 Most Expensive Real Estate Cities in America

10 Most Expensive States To Live In America

The 10 Best Airlines in the World

The 10 Best-Selling Cars in 2014

The 10 Best Industries to Invest In

The 10 Most Expensive States to Own a Car In

Top 10 Business Schools in US: 2014 Rankings

Top 20 Female Billionaires in 2014

6 Movies That You Should Watch to Better Understand The Cold War

Top 15 Best Paying Jobs for Women in 2014

Top 6 Things Rich People Do Differently Every Day

5 Retirement Mistakes To Avoid (and Einstein’s Famous Quote)

11 Smartest People in the World

6 Films About the Financial World You Need To Watch (While “The Wolf” is Not Around)

Warren Buffett and Billionaires Are Crazy About These 7 Stocks

The Top 10 States With Fastest Internet Speeds

10 Best Places to Visit in USA in August

Top 10 Cities to Visit Before You Die

Top 10 Genetically Modified Food In the US

15 Highest Grossing Movies Opening Weekend

5 Best Poker Books For Beginners

10 Strategies Hedge Funds Use to Make Huge Returns

Top 10 Fast Food Franchises to Buy

10 Best Places to Visit in Canada

Best Summer Jobs for Teachers

10 Youngest Hedge Fund Billionaires

Top 10 One Hit Wonders of the 90s

Fastest Growing Cities In America

Top 10 U.S. Cities for Freelancers

Top 9 Most Popular Free iPhone Apps

Top 10 Least Expensive Private Business Schools in the US

Top 15 Most Expensive Countries in the World – 2014

Top 6 Tax Scams and How to Protect Yourself

Top Businesses to Invest In

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!