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

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

7 Most Expensive Cities in the World

5 Least Expensive Cities in the World

10 Celebrities Who Believe In Scientology

10 High Margin Food Products to Build a Business Around

The 10 Most Expensive Clothing Stores in the United States to Get Decked Out At

The 5 Biggest Kickstarter Scams That Swindled Backers’ Donations

The 10 Most Expensive Boarding Schools In the World

50 Crazy Facts About Japan You Won’t Believe

Top 10 Least Expensive Hybrid Cars to Save the Planet With

The 10 Biggest ‘Gate’ Controversies in History

The 10 States with the Highest Nursing Shortages Leaving Their Hospitals Depleted

The 10 Best Value Investment Blogs that Every Investor Must Read

The 6 Cheapest Boarding Schools in Europe 2015

The 5 Most Expensive Cars To Insure in the World

The 10 Most Common Genetically Modified Foods

10 Self-Made Billionaires Who Came From Nothing

The 10 Most Expensive Cities to Live in North America

The 13 Most Expensive Headphones in the World to Represent

The Top 20 Wealthiest Soccer Teams in 2014

4 BuzzWorthy Cannabis Stocks And Some Smoking Derivative Plays

The 10 Healthiest Fast Food Chains in America to Dine At

The 5 Most Expensive Cat Food Brands You Can Spoil Your Kitty With

The 6 Best eCommerce Platforms for Small Businesses

The 10 Worst Mistakes an Entrepreneur Can Make

The 5 Most OP Characters in League of Legends to Carry Games and Crush Foes With

The 5 Best Foods to Eat Before Running that Will Help You Pound the Pavement

10 Glaring Plot Holes in The Walking Dead that a Zombie-Filled Bus Could Drive Through

The 5 Biggest Celebrity Stoners Who Love Their Reefer

The 10 Most Overrated Movies Of All Time by Out-of-Touch Critics

Top 6 Least Expensive Cruise Destinations For 2015 that Will Take You to Paradise

10 States with Lowest Substance Abuse Rates in America

The 14 Most Watched TV Finales Ever

The 10 Best Selling Role Playing Games of All Time for PC

10 Most Influential Papers In Economics

Top 8 Biggest Charities in the US

10 Worst Celebrity Career Moves Ever

Top 10 Best Paid Tennis Stars in the World

Top 6 Cities For The Ultra Rich to Live in Comfort

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

How to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

10 Best Places to Visit in Central and South America

The 10 Greatest Empires in History Which Nearly Conquered the World

The 6 Cheapest Boarding Schools In America 2015

5 Clear Reasons LoL is Better than DotA, Continues to Rule MOBAs

The Only 9 Teams with a Chance to Win the Super Bowl

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!