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. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

Shopaholics Rejoice: The 12 Biggest Malls in the World

Fright Night: 10 Horror Movies Based on True Stories

Mach Mania: The 10 Fastest Jets in the World

Military Heavyweights: The 10 Countries with the Most Tanks

All In: The 7 Richest Poker Players in the World

Abracadabra: The 10 Best Magicians in the World

The 10 Richest Asian Countries in the World in 2014

Eyes in the Sky: 10 Things You Need to Know About Drones

Rising Stars: The 6 Best Silicon Valley Startups

Military Muscle: The 5 Most Advanced Armies in South America

All that Glitters: The 7 Most Luxurious Jewelry Brands in the World

5 Things You Didn’t Know About ISIS but Should

Empowering Your Money: The 5 Best Energy Stocks to Invest In

The 11 Best Android Apps You Can’t Get on iOS

The 10 Most Important International Conflicts in 2014

Mood Enhancers: The 20 Most Uplifting Songs of all Time

Lover Beware: The 8 Countries that Cheat the Most

Breath of Fresh Air: The 25 Countries with the Best Air Quality on the Planet

Singles Beware: The 8 Worst Mistakes Made on First Dates

Healthy and Happy: The 10 Countries with Lowest Healthcare Costs

The 6 Best Company Team Building Activities to Build Workplace Camaraderie

Ships Ahoy: The 10 Busiest Shipping Ports in the World

10 Productivity Tips to Save You Time and Help You Do More With Less

Grab a Bite: The Most Popular Fast Food Restaurants in America

Friday Night Thirst: The 10 Most Popular Cocktails in the World

The 6 Greatest Unsolved Mysteries We May Never Figure Out

7 Useless Products You Never Should’ve Bought

The 5 Reasons Why You’re Single and Miserable

The 7 Most Addictive Foods in the World We Can’t Stop Eating (Even Though We Should)

5 Amazing Places You Can Swim with Dolphins

The Top 7 Most Livable Countries In The World

The 10 Most Expensive Baseball Cards Ever Pulled From A Pack

The 5 Easiest Second Languages to Learn for English Speakers

Silver Spoon: The 6 Richest Families in the World

The 20 Countries with the Largest Prison Populations in the World

The Top 10 Richest Actors in the World

The 10 Best Airline Stocks to Invest In Before They Fly Too High

Burger Kings: The 10 Most Expensive Burgers in the World

The 10 Most Ethnically Diverse Countries in the World

The 10 Most Exclusive Credit Cards in the World

The 10 Most Expensive Cruise Ships in the World

The 10 Fastest Supercomputers in the World

The 10 Best Countries for Doing Business 2015

6 Most Expensive Fruits In The World

10 Worst Airlines in the World

The 10 Biggest Tax Havens in the World to Stash Your Money

The 15 Most Murderous Countries in the World

10 Largest Colleges in the World: Bigger Isn’t Always Better

Comedians in Cars Getting Coffee: The 6 Comedians Seinfeld Needs to Interview

Easy Money: The 10 Most Successful Investors in the World Today

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!