Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Hedge Funds Aren’t Crazy About PrivateBancorp Inc (PVTB) Anymore

Page 1 of 2

At Insider Monkey we follow around 730 of the best-performing investors and even though many of them lost money in the last several months, the history teaches us that over the long-run they still manage to beat the market, which is why it can be profitable for us to imitate their activity. Of course, even the best money managers can sometimes get it wrong, but following some of their picks gives us a better chance to outperform the crowd than picking a random stock and this is where our research comes in.

PrivateBancorp Inc (NASDAQ:PVTB) was in 15 hedge funds’ portfolios at the end of the third quarter of 2015. PVTB 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 PVTB holdings at the end of the previous quarter. At the end of this article we will also compare PVTB to other stocks, including Federated Investors Inc (NYSE:FII), Integrated Device Technology, Inc. (NASDAQ:IDTI), and SolarWinds Inc (NYSE:SWI) to get a better sense of its popularity.

Follow Privatebancorp Inc (NASDAQ:PVTB)
Trade (NASDAQ:PVTB) Now!

Today there are several metrics market participants can use to evaluate stocks. A pair of the best metrics are hedge fund and insider trading moves. Our researchers have shown that, historically, those who follow the top picks of the top money managers can outperform their index-focused peers by a superb amount (see the details here).

Keeping this in mind, let’s go over the latest action encompassing PrivateBancorp Inc (NASDAQ:PVTB).

What does the smart money think about PrivateBancorp Inc (NASDAQ:PVTB)?

Heading into Q4, a total of 15 of the hedge funds tracked by Insider Monkey were bullish on this stock, a drop of 12% from one quarter earlier. With the smart money’s capital changing hands, there exists an “upper tier” of noteworthy hedge fund managers who were increasing their stakes meaningfully (or already accumulated large positions).

Of the funds tracked by Insider Monkey, Ken Fisher’s Fisher Asset Management has the biggest position in PrivateBancorp Inc (NASDAQ:PVTB), worth close to $55.7 million, accounting for 0.1% of its total 13F portfolio. Coming in second is Columbus Circle Investors, led by Clifford Fox, holding a $49.6 million position; the fund has 0.4% of its 13F portfolio invested in the stock. Other hedge funds and institutional investors that hold long positions encompass Anand Parekh’s Alyeska Investment Group, Ken Griffin’s Citadel Investment Group and Dmitry Balyasny’s Balyasny Asset Management.

Page 1 of 2

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...

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 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!