Our extensive research has shown that imitating the smart money can generate significant returns for retail investors, which is why we track more than 700 prominent money managers and analyze their quarterly 13F filings. The stocks that are heavily bought by hedge funds historically outperformed the market, though there is no shortage of high profile gigantic failures like hedge funds’ recent losses in Valeant. Let’s take a closer look at what the funds we track think about WP Glimcher Inc (NYSE:WPG) in this article.
WP Glimcher Inc (NYSE:WPG) was in 16 hedge funds’ portfolios at the end of September. WP Glimcher Inc (NYSE:WPG) investors should pay attention to a decrease in enthusiasm from smart money lately. There were 19 hedge funds in our database with WP Glimcher Inc (NYSE:WPG) positions at the end of the previous quarter. The level and the change in hedge fund popularity aren’t the only variables you need to analyze to decipher hedge funds’ perspectives. A stock may witness a boost in popularity, but it may still be less popular than similarly priced stocks. That’s why at the end of this article, we will examine companies such as National Health Investors Inc (NYSE:NHI), and Kosmos Energy Ltd (NYSE:KOS) to gather more data points.
According to most traders, hedge funds are viewed as underperforming, outdated investment tools of years past. While there are over 8000 funds in operation at the moment, We choose to focus on the leaders of this club, around 700 funds. It is estimated that this group of investors orchestrates bulk of the hedge fund industry’s total asset base, and by watching their first-class investments, Insider Monkey has revealed many investment strategies that have historically beaten Mr. Market. Insider Monkey’s small-cap hedge fund strategy outstripped the S&P 500 index by 12 percentage points per annum for a decade in their back tests.
Keeping this in mind, we’re going to take a peek at the fresh action surrounding WP Glimcher Inc (NYSE:WPG).
How have hedgies been trading WP Glimcher Inc (NYSE:WPG)?
At the end of September, a total of 16 of the hedge funds tracked by Insider Monkey were bullish on this stock, a drop of 16% from the second quarter. With hedge funds’ capital changing hands, there exists a select group of noteworthy hedge fund managers who were increasing their stakes considerably (or already accumulated large positions).
When looking at the institutional investors followed by Insider Monkey, Gruss Asset Management, managed by Howard Guberman, holds the largest position in WP Glimcher Inc (NYSE:WPG). Gruss Asset Management has a $32.6 million position in the stock, comprising 1% of its 13F portfolio. The second largest stake is held by Forward Management, led by J. Alan Reid, Jr., holding an $18.6 million position; 1.5% of its 13F portfolio is allocated to the stock. Remaining hedge funds and institutional investors with similar optimism encompass Ken Griffin’s Citadel Investment Group, D E Shaw, and Israel Englander’s Millennium Management.