Hedge Funds Aren’t Crazy About DSW Inc. (DSW) Anymore

Page 1 of 2

DSW Inc. (NYSE:DSW) was in 15 hedge funds’ portfolio at the end of the first quarter of 2013. DSW investors should pay attention to a decrease in activity from the world’s largest hedge funds recently. There were 17 hedge funds in our database with DSW positions at the end of the previous quarter.

At the moment, there are plenty of indicators investors can use to watch the equity markets. Two of the best are hedge fund and insider trading sentiment. At Insider Monkey, our research analyses have shown that, historically, those who follow the top picks of the elite fund managers can outpace the S&P 500 by a healthy margin (see just how much).

DSW Inc. (NYSE:DSW)Equally as key, positive insider trading activity is another way to break down the investments you’re interested in. There are a number of incentives for a bullish insider to cut shares of his or her company, but only one, very clear reason why they would initiate a purchase. Several empirical studies have demonstrated the market-beating potential of this method if shareholders understand what to do (learn more here).

With these “truths” under our belt, let’s take a glance at the key action regarding DSW Inc. (NYSE:DSW).

How are hedge funds trading DSW Inc. (NYSE:DSW)?

At the end of the first quarter, a total of 15 of the hedge funds we track held long positions in this stock, a change of -12% from the previous quarter. With hedgies’ capital changing hands, there exists a select group of notable hedge fund managers who were increasing their stakes substantially.

Of the funds we track, Citadel Investment Group, managed by Ken Griffin, holds the most valuable position in DSW Inc. (NYSE:DSW). Citadel Investment Group has a $23.3 million position in the stock, comprising less than 0.1%% of its 13F portfolio. On Citadel Investment Group’s heels is Renaissance Technologies, managed by Jim Simons, which held a $23.2 million position; 0.1% of its 13F portfolio is allocated to the stock. Remaining hedge funds with similar optimism include Israel Englander’s Millennium Management, Donald Chiboucis’s Columbus Circle Investors and Malcolm Fairbairn’s Ascend Capital.

Seeing as DSW Inc. (NYSE:DSW) has experienced declining sentiment from hedge fund managers, we can see that there exists a select few hedgies who sold off their positions entirely heading into Q2. At the top of the heap, Steven Cohen’s SAC Capital Advisors cut the largest stake of all the hedgies we key on, valued at an estimated $26.3 million in call options. Jeffrey Vinik’s fund, Vinik Asset Management, also sold off its stock, about $12.8 million worth. These moves are intriguing to say the least, as aggregate hedge fund interest was cut by 2 funds heading into Q2.

How are insiders trading DSW Inc. (NYSE:DSW)?

Insider purchases made by high-level executives is most useful when the company in focus has seen transactions within the past 180 days. Over the last six-month time frame, DSW Inc. (NYSE:DSW) has experienced zero unique insiders purchasing, and 9 insider sales (see the details of insider trades here).

Let’s check out hedge fund and insider activity in other stocks similar to DSW Inc. (NYSE:DSW). These stocks are Abercrombie & Fitch Co. (NYSE:ANF), The Buckle, Inc. (NYSE:BKE), American Eagle Outfitters (NYSE:AEO), Chico’s FAS, Inc. (NYSE:CHS), and Ascena Retail Group Inc (NASDAQ:ASNA). This group of stocks belong to the apparel stores industry and their market caps resemble DSW’s market cap.

Page 1 of 2
blog comments powered by Disqus
Insider Monkey Headlines
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

On the Move: The 10 Fastest Growing Businesses in 2015

Fast Money: The 10 Highest Paying Fast Food Restaurants

Mixing It Up: The 14 Best Music Mashups of 2014

Rito Pls Buff: The 10 Least Played Champions in LoL Season 4

10 Covers of Popular Songs that are Better than the Originals

Must See TV: The 9 Most Anticipated Shows of 2015

The 15 Biggest Box Office Bombs of All Time

10 Things The World Can’t Stand About Americans

Picture Perfect: The 6 Smartphones with the Best Cameras

The 10 Best Countries To Work In the World

A Profitable Day At The Track: 5 Tips For Betting On Horses

Tearing You Apart: 6 Bad Habits That Ruin Relationships

Learning on the Job: The 6 Biggest Mistakes Parents Make

Shopaholics Rejoice: The 12 Biggest Malls in the World

Fright Night: 10 Horror Movies Based on True Stories

Mach Mania: The 10 Fastest Jets in the World

Military Heavyweights: The 10 Countries with the Most Tanks

All In: The 7 Richest Poker Players in the World

Abracadabra: The 10 Best Magicians in the World

The 10 Richest Asian Countries in the World in 2014

Eyes in the Sky: 10 Things You Need to Know About Drones

Rising Stars: The 6 Best Silicon Valley Startups

Military Muscle: The 5 Most Advanced Armies in South America

All that Glitters: The 7 Most Luxurious Jewelry Brands in the World

5 Things You Didn’t Know About ISIS but Should

Empowering Your Money: The 5 Best Energy Stocks to Invest In

The 11 Best Android Apps You Can’t Get on iOS

The 10 Most Important International Conflicts in 2014

Mood Enhancers: The 20 Most Uplifting Songs of all Time

Lover Beware: The 8 Countries that Cheat the Most

Breath of Fresh Air: The 25 Countries with the Best Air Quality on the Planet

Singles Beware: The 8 Worst Mistakes Made on First Dates

Healthy and Happy: The 10 Countries with Lowest Healthcare Costs

The 6 Best Company Team Building Activities to Build Workplace Camaraderie

Ships Ahoy: The 10 Busiest Shipping Ports in the World

10 Productivity Tips to Save You Time and Help You Do More With Less

Grab a Bite: The Most Popular Fast Food Restaurants in America

Friday Night Thirst: The 10 Most Popular Cocktails in the World

The 6 Greatest Unsolved Mysteries We May Never Figure Out

7 Useless Products You Never Should’ve Bought

The 5 Reasons Why You’re Single and Miserable

The 7 Most Addictive Foods in the World We Can’t Stop Eating (Even Though We Should)

5 Amazing Places You Can Swim with Dolphins

The Top 7 Most Livable Countries In The World

The 10 Most Expensive Baseball Cards Ever Pulled From A Pack

The 5 Easiest Second Languages to Learn for English Speakers

Silver Spoon: The 6 Richest Families in the World

The 20 Countries with the Largest Prison Populations in the World

The Top 10 Richest Actors in the World

The 10 Best Airline Stocks to Invest In Before They Fly Too High

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 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!