Hedge Funds Are Selling Trimble Navigation Limited (TRMB) – Sensata Technologies Holding N.V. (ST), Garmin Ltd. (GRMN)

Page 1 of 2

Trimble Navigation Limited (NASDAQ:TRMB) investors should pay attention to a decrease in enthusiasm from smart money of late.

If you’d ask most traders, hedge funds are assumed to be slow, old financial tools of years past. While there are over 8000 funds trading today, we hone in on the moguls of this club, around 450 funds. Most estimates calculate that this group controls most of all hedge funds’ total capital, and by monitoring their top stock picks, we have unsheathed a few investment strategies that have historically outstripped the S&P 500 index. Our small-cap hedge fund strategy outperformed 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 beaten the S&P 500 index by 24 percentage points in 7 months (see the details here).

Equally as important, positive insider trading sentiment is another way to parse down the world of equities. There are a variety of incentives for an executive to sell shares of his or her company, but just one, very obvious reason why they would behave bullishly. Several empirical studies have demonstrated the valuable potential of this method if “monkeys” know where to look (learn more here).

Keeping this in mind, we’re going to take a gander at the recent action encompassing Trimble Navigation Limited (NASDAQ:TRMB).

What have hedge funds been doing with Trimble Navigation Limited (NASDAQ:TRMB)?

In preparation for this year, a total of 11 of the hedge funds we track held long positions in this stock, a change of -8% from the previous quarter. With the smart money’s capital changing hands, there exists a few key hedge fund managers who were upping their stakes considerably.

When looking at the hedgies we track, Donald Chiboucis’s Columbus Circle Investors had the largest position in Trimble Navigation Limited (NASDAQ:TRMB), worth close to $46.4 million, accounting for 0.4% of its total 13F portfolio. Coming in second is Jeffrey Vinik of Vinik Asset Management, with a $10.4 million position; the fund has 0.3% of its 13F portfolio invested in the stock. Some other peers that hold long positions include D. E. Shaw’s D E Shaw, Joseph A. Jolson’s Harvest Capital Strategies and Ken Griffin’s Citadel Investment Group.

Judging by the fact that Trimble Navigation Limited (NASDAQ:TRMB) has witnessed bearish sentiment from the aggregate hedge fund industry, it’s easy to see that there was a specific group of hedge funds that decided to sell off their entire stakes at the end of the year. It’s worth mentioning that Robert Joseph Caruso’s Select Equity Group cut the biggest stake of the 450+ funds we key on, valued at an estimated $13.2 million in stock.. David Harding’s fund, Winton Capital Management, also dumped its stock, about $0.8 million worth. These transactions are important to note, as aggregate hedge fund interest was cut by 1 funds at the end of the year.

What do corporate executives and insiders think about Trimble Navigation Limited (NASDAQ:TRMB)?

Insider buying is best served when the company we’re looking at has seen transactions within the past half-year. Over the last 180-day time period, Trimble Navigation Limited (NASDAQ:TRMB) has seen zero unique insiders purchasing, and 10 insider sales (see the details of insider trades here).

Let’s also examine hedge fund and insider activity in other stocks similar to Trimble Navigation Limited (NASDAQ:TRMB). These stocks are Bio-Rad Laboratories, Inc. (NYSE:BIO), Sensata Technologies Holding N.V. (NYSE:ST), Garmin Ltd. (NASDAQ:GRMN), and Waters Corporation (NYSE:WAT). This group of stocks are in the scientific & technical instruments industry and their market caps are closest to TRMB’s market cap.

Page 1 of 2

Biotech Insider Alert - $6 Stock To Hit $40

$200 Million Dollar Healthcare Hedge Fund's #1 Best Idea Right Now

The best healthcare hedge fund out there right now is one of the largest shareholders in this biotech stock. The fund returned more than 20% in each of the last 2 years with a virtually fully hedged portfolio, and it's sending out a BUY signal on this biotech stock. Get your FREE REPORT today (retail value of $300)

This is a FREE report from Insider Monkey. Credit Card is NOT required.
Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The Best Romance Movies of all Time

The Most Wanted Drug Lords

The Oldest Money Managers

The Greatest Directors in the World

Largest Animals in the World

World’s Most Expensive Desserts

Best Selling Comic Books of All Time

A-list Actors who Sabotaged Their Career

Rappers With a College Degree

The Best Jazz Albums of all Time

The Most Influential Jazz Musicians

The World’s Most Famous Photographers

The Best Oscar-Winning Songs

Most Influential Choreographers Ever

Most Expensive Department Stores in the World

The Most Expensive Stolen Paintings in the World

The World’s Most Expensive Teas

Top Oscar Record Holders

The Most Expensive Flowers in the World

Countries With a Booming Film Industry

Most Expensive Cupcakes in the World

Uncommon European Escapes

The Most Stolen Artists in History

Best Travel Destinations in Australia

World’s Most Expensive Musical Instruments

World’s Most Famous Animals

Most Expensive Cakes in the World

Most Expensive Kosher Champagne in the World

Most Expensive Kosher Wine in the World

The Most Surprisingly Dark Fairy Tales

Most Popular Travel Destinations in Asia

The 10 Most Expensive Dresses Ever Worn to the Oscars

World’s Most Visited Art Museums

Best Countries for Photographers to Work in

Best Paid Jobs in the Film Industry

The Most Renowned Recovered Paintings Ever

Child Stars That Turned out Just Fine

Books That Were Banned in the Past Century

World’s Richest Dancers

Best Remedies against Bad Breath

Foods That Improve Your Skin Texture

Best-Selling Children’s Books of all Time

Foods That Boost Your Libido

Best-Selling Books of all Time

The Most Expensive Academy Awards Jewelry in History

Most Expensive Japanese Restaurant In New York City

The Best B-Boy Movies

Most Awesome Hip Hop Documentaries

Foods That Stain Your Teeth

Richest Doctors in the World

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 129% in 2.5 years!! Wondering How?

Download a complete edition of our newsletter for free!