Hedge Funds Are Selling YPF SA (ADR) (YPF)

Judging by the fact that YPF SA (ADR) (NYSE:YPF) has faced declining sentiment from the smart money, it’s easy to see that there is a sect of hedge funds that elected to cut their entire stakes by the end of the third quarter. Interestingly, Christopher R. Hansen’s Valiant Capital dropped the biggest position of the 700 funds followed by Insider Monkey, valued at close to $29.5 million in stock, and Carson Yost’s Yost Capital Management was right behind this move, as the fund dropped about $13.3 million worth. These moves are interesting, as aggregate hedge fund interest fell by 2 funds by the end of the third quarter.

Let’s also examine hedge fund activity in other stocks similar to YPF SA (ADR) (NYSE:YPF). These stocks are STMicroelectronics N.V. (ADR) (NYSE:STM), United Therapeutics Corporation (NASDAQ:UTHR), Flextronics International Ltd. (NASDAQ:FLEX), and Xylem Inc (NYSE:XYL). All of these stocks’ market caps are closest to YPF’s market cap.

As you can see these stocks had an average of 23 hedge funds with bullish positions and the average amount invested in these stocks was $837 million. That figure was $634 million in YPF’s case. United Therapeutics Corporation (NASDAQ:UTHR) is the most popular stock in this table. On the other hand STMicroelectronics N.V. (ADR) (NYSE:STM) is the least popular one with only 6 bullish hedge fund positions. YPF SA (ADR) (NYSE:YPF) is not the most popular stock in this group but hedge fund interest is still above average. This is a slightly positive signal but we’d rather spend our time researching stocks that hedge funds are piling on. In this regard UTHR might be a better candidate to consider a long position.