Hedge Funds Are Selling O’Reilly Automotive Inc (NASDAQ:ORLY)

Is O’Reilly Automotive Inc (NASDAQ:ORLY) a buy here? The best stock pickers are turning less bullish. The number of long hedge fund bets stayed the same which is a slightly negative development in our experience

According to most stock holders, hedge funds are assumed to be worthless, old financial vehicles of the past. While there are over 8000 funds in operation today, we look at the upper echelon of this club, close to 450 funds. It is estimated that this group oversees most of the hedge fund industry’s total capital, and by monitoring their top stock picks, we have unearthed a few investment strategies that have historically outpaced Mr. Market. Our small-cap hedge fund strategy outperformed the S&P 500 index by 18 percentage points a year for a decade in our back tests, and since we’ve began to sharing our picks with our subscribers at the end of August 2012, we have topped the S&P 500 index by 25 percentage points in 6.5 month (see the details here).

O'Reilly Automotive Inc (NASDAQ:ORLY)Just as beneficial, bullish insider trading sentiment is a second way to parse down the world of equities. Obviously, there are plenty of reasons for an insider to get rid of shares of his or her company, but only one, very obvious reason why they would initiate a purchase. Various academic studies have demonstrated the valuable potential of this strategy if you understand what to do (learn more here).

Consequently, it’s important to take a gander at the key action surrounding O’Reilly Automotive Inc (NASDAQ:ORLY).

What does the smart money think about O’Reilly Automotive Inc (NASDAQ:ORLY)?

In preparation for this year, a total of 22 of the hedge funds we track were bullish in this stock, a change of 0% from one quarter earlier. With hedgies’ positions undergoing their usual ebb and flow, there exists a select group of key hedge fund managers who were increasing their stakes significantly.

According to our comprehensive database, Stephen Mandel’s Lone Pine Capital had the biggest position in O’Reilly Automotive Inc (NASDAQ:ORLY), worth close to $194 million, comprising 1.2% of its total 13F portfolio. On Lone Pine Capital’s heels is Ken Griffin of Citadel Investment Group, with a $190 million position; 4.2% of its 13F portfolio is allocated to the company. Some other hedge funds that are bullish include Robert Joseph Caruso’s Select Equity Group, and D. E. Shaw’s D E Shaw.

Because O’Reilly Automotive Inc (NASDAQ:ORLY) has witnessed bearish sentiment from the smart money, it’s easy to see that there were a few hedge funds who sold off their full holdings heading into 2013. Interestingly, Robert Rodriguez and Steven Romick’s First Pacific Advisors LLC dumped the biggest stake of the “upper crust” of funds we track, comprising about $68 million in stock.. James Crichton and Adam Weiss’s fund, Scout Capital Management, also said goodbye to its call options., about $25 million worth. These moves are important to note, as total hedge fund interest stayed the same (this is a bearish signal in our experience).

How have insiders been trading O’Reilly Automotive Inc (NASDAQ:ORLY)?

Insider buying is most useful when the company in question has experienced transactions within the past half-year. Over the latest 180-day time period, O’Reilly Automotive Inc (NASDAQ:ORLY) has seen zero unique insiders purchasing, and 9 insider sales (see the details of insider trades here).

With the returns shown by Insider Monkey’s studies, everyday investors should always watch hedge fund and insider trading activity, and O’Reilly Automotive Inc (NASDAQ:ORLY) is no exception.

Click here to learn more about Insider Monkey’s Hedge Fund Newsletter

Insider Monkey’s small-cap strategy returned 29.2% between September 2012 and February 2013 versus 8.7% for the S&P 500 index. Try it now by clicking the link above.

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

The Top 10 Most Expensive Digital Cameras to Snap Stunning Shots With

The 10 Highest Quality Fast Food Restaurants In America Today

The 8 Best Halloween Decorating Ideas to Spook Up Your House

10 Marvel Women that Should Get a Movie Right Now

The 20 Best Remixes of Popular Songs that Will Make You Forget the Originals

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

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!