Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Hedge Funds Are Selling ABB Ltd (ADR) (ABB)

Page 1 of 2

Does ABB Ltd (ADR) (NYSE:ABB) represent a good buying opportunity at the moment? Let’s briefly check the hedge fund sentiment towards the company. Hedge fund firms constantly search out bright intellectuals and highly-experienced employees and throw away millions of dollars on research activities, so it is no wonder why they tend to generate millions in profits each year. It is also true that some hedge fund players fail unconceivably on some occasions, but their stock picks have been generating superior risk-adjusted returns on average over the years.

Is ABB Ltd (ADR) (NYSE:ABB) a buy, sell, or hold? The smart money is getting less bullish. The number of bullish hedge fund bets decreased by 2 in recent months. The level and the change in hedge fund popularity aren’t the only variables you need to analyze to decipher hedge funds’ perspectives. A stock may witness a boost in popularity, but it may still be less popular than similarly priced stocks. That’s why at the end of this article we will examine companies such as Credit Suisse Group AG (ADR) (NYSE:CS), LyondellBasell Industries NV (NYSE:LYB), and Suncor Energy Inc. (USA) (NYSE:SU) to gather more data points.

Follow A B B Ltd (NYSE:ABB)
Trade (NYSE:ABB) Now!

In the 21st century investor’s toolkit there are a large number of metrics that market participants use to analyze their stock investments. A pair of the less known metrics are hedge fund and insider trading activity. Our experts have shown that, historically, those who follow the top picks of the best investment managers can outpace the broader indices by a solid margin (see the details here).

Now, let’s review the recent action regarding ABB Ltd (ADR) (NYSE:ABB).

Hedge fund activity in ABB Ltd (ADR) (NYSE:ABB)

At the end of the third quarter, a total of 9 of the hedge funds tracked by Insider Monkey were long this stock, a decrease of 18% from the previous quarter. With the smart money’s positions undergoing their usual ebb and flow, there exists an “upper tier” of key hedge fund managers who were increasing their stakes considerably (or already accumulated large positions).

When looking at the institutional investors followed by Insider Monkey, Fisher Asset Management, managed by Ken Fisher, holds the largest position in ABB Ltd (ADR) (NYSE:ABB). The fund reportedly holds a $124.2 million position in the stock, comprising 0.3% of its 13F portfolio. Sitting at the No. 2 spot is Arrowstreet Capital, managed by Peter Rathjens, Bruce Clarke and John Campbell, which holds a $23.8 million stake; the fund has 0.1% of its 13F portfolio invested in the stock. Other members of the smart money that are bullish consist of Ed Beddow and William Tichy’s Beddow Capital Management, and Matthew Tewksbury’s Stevens Capital Management.

Page 1 of 2

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...
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 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!