Hedge Funds Are Dumping Siliconware Precision Industries (ADR) (SPIL)

Siliconware Precision Industries (ADR) (NASDAQ:SPIL)Siliconware Precision Industries (ADR) (NASDAQ:SPIL) was in 7 hedge funds’ portfolio at the end of the first quarter of 2013. SPIL has seen a decrease in hedge fund sentiment in recent months. There were 8 hedge funds in our database with SPIL holdings at the end of the previous quarter.

In the 21st century investor’s toolkit, there are plenty of metrics investors can use to analyze stocks. A couple of the most underrated are hedge fund and insider trading movement. At Insider Monkey, our studies have shown that, historically, those who follow the top picks of the top investment managers can trounce the market by a very impressive margin (see just how much).

Equally as integral, positive insider trading sentiment is a second way to break down the marketplace. Obviously, there are a number of incentives for a corporate insider to get rid of shares of his or her company, but only one, very obvious reason why they would initiate a purchase. Various empirical studies have demonstrated the valuable potential of this method if piggybackers know what to do (learn more here).

Consequently, we’re going to take a look at the key action encompassing Siliconware Precision Industries (ADR) (NASDAQ:SPIL).

How are hedge funds trading Siliconware Precision Industries (ADR) (NASDAQ:SPIL)?

Heading into Q2, a total of 7 of the hedge funds we track were long in this stock, a change of -13% from one quarter earlier. With hedge funds’ positions undergoing their usual ebb and flow, there exists a few noteworthy hedge fund managers who were increasing their stakes considerably.

When looking at the hedgies we track, Jim Simons’s Renaissance Technologies had the most valuable position in Siliconware Precision Industries (ADR) (NASDAQ:SPIL), worth close to $3.7 million, accounting for less than 0.1%% of its total 13F portfolio. The second largest stake is held by Steven Cohen of SAC Capital Advisors, with a $0.8 million position; the fund has less than 0.1%% of its 13F portfolio invested in the stock. Remaining hedgies that hold long positions include Ken Griffin’s Citadel Investment Group, Bruce Kovner’s Caxton Associates LP and Cliff Asness’s AQR Capital Management.

Seeing as Siliconware Precision Industries (ADR) (NASDAQ:SPIL) has faced declining sentiment from the aggregate hedge fund industry, we can see that there was a specific group of hedgies that slashed their entire stakes at the end of the first quarter. Intriguingly, Israel Englander’s Millennium Management said goodbye to the largest position of all the hedgies we key on, comprising close to $1.6 million in stock., and Peter Rathjens, Bruce Clarke and John Campbell of Arrowstreet Capital was right behind this move, as the fund said goodbye to about $0.8 million worth. These transactions are important to note, as total hedge fund interest was cut by 1 funds at the end of the first quarter.

How are insiders trading Siliconware Precision Industries (ADR) (NASDAQ:SPIL)?

Insider purchases made by high-level executives is particularly usable when the company we’re looking at has experienced transactions within the past six months. Over the last half-year time period, Siliconware Precision Industries (ADR) (NASDAQ:SPIL) has seen zero unique insiders buying, and zero insider sales (see the details of insider trades here).

With the results shown by the aforementioned studies, retail investors must always watch hedge fund and insider trading activity, and Siliconware Precision Industries (ADR) (NASDAQ:SPIL) is no exception.

Click here to learn why you should track hedge funds

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

Most Famous Gay Athletes

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

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!