Sony Corporation (ADR) (NYSE:SNE) was in 9 hedge funds’ portfolio at the end of December. SNE investors should pay attention to a decrease in support from the world’s most elite money managers of late. There were 9 hedge funds in our database with SNE holdings at the end of the previous quarter.
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Now, we’re going to take a glance at the recent action encompassing Sony Corporation (ADR) (NYSE:SNE).
What have hedge funds been doing with Sony Corporation (ADR) (NYSE:SNE)?
At year’s end, a total of 9 of the hedge funds we track held long positions in this stock, a change of 0% from one quarter earlier. With the smart money’s capital changing hands, there exists a select group of noteworthy hedge fund managers who were boosting their stakes significantly.
Of the funds we track, Arrowstreet Capital, managed by Peter Rathjens, Bruce Clarke and John Campbell, holds the most valuable position in Sony Corporation (ADR) (NYSE:SNE). Arrowstreet Capital has a $14 million position in the stock, comprising 0.1% of its 13F portfolio. On Arrowstreet Capital’s heels is Jim Simons of Renaissance Technologies, with a $10 million position; 0.1% of its 13F portfolio is allocated to the company. Other peers that are bullish include D. E. Shaw’s D E Shaw, John Overdeck and David Siegel’s Two Sigma Advisors and Israel Englander’s Millennium Management.
Since Sony Corporation (ADR) (NYSE:SNE) has faced falling interest from the smart money, we can see that there lies a certain “tier” of money managers who were dropping their entire stakes heading into 2013. Intriguingly, David Costen Haley’s HBK Investments said goodbye to the biggest investment of all the hedgies we monitor, comprising about $1 million in stock., and Joe DiMenna of ZWEIG DIMENNA PARTNERS was right behind this move, as the fund dropped about $0 million worth. These bearish behaviors are interesting, as aggregate hedge fund interest stayed the same (this is a bearish signal in our experience).
How are insiders trading Sony Corporation (ADR) (NYSE:SNE)?
Insider purchases made by high-level executives is at its handiest when the primary stock in question has experienced transactions within the past 180 days. Over the last 180-day time period, Sony Corporation (ADR) (NYSE:SNE) has experienced zero unique insiders purchasing, 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 Sony Corporation (ADR) (NYSE:SNE). These stocks are Universal Electronics Inc (NASDAQ:UEIC), Fabrinet (NYSE:FN), Spectrum Brands Holdings, Inc. (NYSE:SPB), Harman International Industries Inc./DE/ (NYSE:HAR), and Panasonic Corporation (ADR) (NYSE:PC). This group of stocks belong to the electronic equipment industry and their market caps resemble SNE’s market cap.
| Company Name | # of Hedge Funds | # of Insiders Buying | # of Insiders Selling |
| Universal Electronics Inc (NASDAQ:UEIC) | 4 | 0 | 1 |
| Fabrinet (NYSE:FN) | 8 | 0 | 6 |
| Spectrum Brands Holdings, Inc. (NYSE:SPB) | 18 | 3 | 5 |
| Harman International Industries Inc./DE/ (NYSE:HAR) | 19 | 0 | 0 |
| Panasonic Corporation (ADR) (NYSE:PC) | 4 | 0 | 0 |
With the results demonstrated by the aforementioned time-tested strategies, everyday investors should always keep an eye on hedge fund and insider trading activity, and Sony Corporation (ADR) (NYSE:SNE) shareholders fit into this picture quite nicely.
