The government requires hedge funds and wealthy investors with over a certain portfolio size to file a report that shows their positions at the end of every quarter. Even though it isn’t the intention, these filings level the playing field for ordinary investors. The latest round of 13F filings discloses the funds’ positions on September 30. We at Insider Monkey have made an extensive database of more than 700 of those elite funds and prominent investors’ filings. In this article, we analyze how these elite funds and prominent investors traded Zix Corporation (NASDAQ:ZIXI) based on those filings.
Zix Corporation (NASDAQ:ZIXI) investors should be aware of a decrease in hedge fund sentiment of late. ZIXI was in 16 hedge funds’ portfolios at the end of September. There were 17 hedge funds in our database with ZIXI holdings at the end of the previous quarter. At the end of this article we will also compare ZIXI to other stocks including Anthera Pharmaceuticals Inc (NASDAQ:ANTH), World Acceptance Corp. (NASDAQ:WRLD), and Viate Pharmaceuticals Inc (NASDAQ:VTAE) to get a better sense of its popularity.
In the 21st century investor’s toolkit there are several gauges stock market investors employ to size up publicly traded companies. A duo of the most under-the-radar gauges are hedge fund and insider trading interest. Our researchers have shown that, historically, those who follow the top picks of the top investment managers can outperform the market by a solid margin (see the details here).
Keeping this in mind, we’re going to take a look at the key action surrounding Zix Corporation (NASDAQ:ZIXI).
What does the smart money think about Zix Corporation (NASDAQ:ZIXI)?
At the Q3’s end, a total of 16 of the hedge funds tracked by Insider Monkey held long positions in this stock, a change of -6% from one quarter earlier. With hedgies’ positions undergoing their usual ebb and flow, there exists a few key hedge fund managers who were boosting their stakes considerably (or already accumulated large positions).
According to publicly available hedge fund and institutional investor holdings data compiled by Insider Monkey, Renaissance Technologies holds the number one position in Zix Corporation (NASDAQ:ZIXI). Renaissance Technologies has a $7.8 million position in the stock, comprising less than 0.1%% of its 13F portfolio. Coming in second is Engaged Capital, led by Glenn W. Welling, holding a $3.4 million position; 1.9% of its 13F portfolio is allocated to the stock. Remaining peers that hold long positions include D. E. Shaw’s D E Shaw, Robert B. Gillam’s McKinley Capital Management and Chuck Royce’s Royce & Associates.