Hedge Funds Are Selling Harbinger Group Inc (HRG)

Harbinger Group Inc (NYSE:HRG)Harbinger Group Inc (NYSE:HRG) was in 11 hedge funds’ portfolio at the end of the first quarter of 2013. HRG shareholders have witnessed a decrease in hedge fund interest lately. There were 13 hedge funds in our database with HRG positions at the end of the previous quarter.

In the eyes of most stock holders, hedge funds are seen as slow, old investment tools of years past. While there are greater than 8000 funds trading at present, we at Insider Monkey choose to focus on the upper echelon of this club, about 450 funds. It is estimated that this group has its hands on the majority of the smart money’s total asset base, and by keeping an eye on their highest performing equity investments, we have deciphered a few investment strategies that have historically outpaced Mr. Market. Our small-cap hedge fund strategy outpaced the S&P 500 index by 18 percentage points per annum for a decade in our back tests, and since we’ve started sharing our picks with our subscribers at the end of August 2012, we have topped the S&P 500 index by 23.3 percentage points in 8 months (explore the details and some picks here).

Equally as integral, bullish insider trading sentiment is another way to break down the marketplace. Just as you’d expect, there are lots of reasons for an upper level exec to get rid of shares of his or her company, but only one, very simple reason why they would behave bullishly. Plenty of academic studies have demonstrated the impressive potential of this tactic if you know where to look (learn more here).

Keeping this in mind, we’re going to take a gander at the key action encompassing Harbinger Group Inc (NYSE:HRG).

How have hedgies been trading Harbinger Group Inc (NYSE:HRG)?

At the end of the first quarter, a total of 11 of the hedge funds we track were bullish in this stock, a change of -15% from the previous quarter. With hedgies’ sentiment swirling, there exists a few key hedge fund managers who were upping their stakes meaningfully.

According to our comprehensive database, Harbinger, managed by Phil Falcone, holds the biggest position in Harbinger Group Inc (NYSE:HRG). Harbinger has a $799.3 million position in the stock, comprising 31.4% of its 13F portfolio. Coming in second is Leon Cooperman of Omega Advisors, with a $41.3 million position; the fund has 0.6% of its 13F portfolio invested in the stock. Some other peers that are bullish include James H. Litinsky’s JHL Capital Group, Chuck Royce’s Royce & Associates and James Pallotta’s Raptor Capital Management.

Due to the fact that Harbinger Group Inc (NYSE:HRG) has witnessed bearish sentiment from hedge fund managers, logic holds that there exists a select few fund managers that decided to sell off their full holdings in Q1. Intriguingly, Keith Meister’s Corvex Capital cut the biggest stake of all the hedgies we monitor, comprising an estimated $6.6 million in stock., and Christian Leone of Luxor Capital Group was right behind this move, as the fund said goodbye to about $6.4 million worth. These bearish behaviors are important to note, as aggregate hedge fund interest fell by 2 funds in Q1.

Insider trading activity in Harbinger Group Inc (NYSE:HRG)

Insider trading activity, especially when it’s bullish, is best served when the primary stock in question has seen transactions within the past six months. Over the last six-month time frame, Harbinger Group Inc (NYSE:HRG) has seen zero unique insiders purchasing, and 3 insider sales (see the details of insider trades here).

With the returns shown by the aforementioned studies, retail investors should always monitor hedge fund and insider trading sentiment, and Harbinger Group Inc (NYSE:HRG) is an important part of this process.

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

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

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

The 15 Most Common Phobias in America that Induce Fits of Panic

Top 6 Least Expensive Tourist Destinations in 2014

Jim Goetz, Peter Fenton, Jim Breyer: Top 6 Venture Investors for 2014

Top 15 Billionaires in 2014

5 Pitfalls To Avoid When Buying a Franchise

Top 20 Medical Schools in the US – 2014 Rankings

4 Business Strategies that Turned Jamie Oliver into the World’s Richest Chef

6 Qualities That Make You A Good Team Player

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!