Siemens AG (ADR) (NYSE:SI) investors should be aware of a decrease in hedge fund sentiment in recent months.
To the average investor, there are many metrics investors can use to analyze their holdings. A couple of the most underrated are hedge fund and insider trading interest. At Insider Monkey, our research analyses have shown that, historically, those who follow the best picks of the top fund managers can outclass the S&P 500 by a superb amount (see just how much).
Equally as beneficial, optimistic insider trading activity is another way to break down the world of equities. As the old adage goes: there are plenty of motivations for an insider to drop shares of his or her company, but only one, very obvious reason why they would buy. Many academic studies have demonstrated the market-beating potential of this method if you understand where to look (learn more here).
With all of this in mind, we’re going to take a glance at the key action regarding Siemens AG (ADR) (NYSE:SI).
What have hedge funds been doing with Siemens AG (ADR) (NYSE:SI)?
Heading into Q2, a total of 12 of the hedge funds we track held long positions in this stock, a change of -8% from the first quarter. With hedgies’ sentiment swirling, there exists a select group of notable hedge fund managers who were boosting their stakes substantially.
When looking at the hedgies we track, Jim Simons’s Renaissance Technologies had the biggest position in Siemens AG (ADR) (NYSE:SI), worth close to $8.6 million, accounting for less than 0.1%% of its total 13F portfolio. On Renaissance Technologies’s heels is Fisher Asset Management, managed by Ken Fisher, which held a $8.3 million position; less than 0.1%% of its 13F portfolio is allocated to the stock. Remaining peers that hold long positions include David Dreman’s Dreman Value Management, and Steven Cohen’s SAC Capital Advisors.
Because Siemens AG (ADR) (NYSE:SI) has witnessed bearish sentiment from hedge fund managers, it’s safe to say that there lies a certain “tier” of hedge funds that decided to sell off their positions entirely heading into Q2. It’s worth mentioning that Andrew R. Midler’s Savitr Capital dropped the biggest position of all the hedgies we watch, valued at an estimated $1.6 million in stock., and Mike Vranos of Ellington was right behind this move, as the fund dropped about $0.8 million worth. These moves are interesting, as total hedge fund interest fell by 1 funds heading into Q2.
What have insiders been doing with Siemens AG (ADR) (NYSE:SI)?
Insider trading activity, especially when it’s bullish, is most useful when the company in question has seen transactions within the past 180 days. Over the last six-month time frame, Siemens AG (ADR) (NYSE:SI) has seen zero unique insiders buying, and zero insider sales (see the details of insider trades here).
Let’s check out hedge fund and insider activity in other stocks similar to Siemens AG (ADR) (NYSE:SI). These stocks are Illinois Tool Works Inc. (NYSE:ITW), Koninklijke Philips Electronics NV (ADR) (NYSE:PHG), General Electric Company (NYSE:GE), Danaher Corporation (NYSE:DHR), and Honeywell International Inc. (NYSE:HON). This group of stocks are in the diversified machinery industry and their market caps are similar to SI’s market cap.