Hedge Funds Aren’t Crazy About Talisman Energy Inc. (USA) (TLM) Anymore

Page 1 of 2

At the moment, there are many indicators shareholders can use to watch the equity markets. A duo of the most under-the-radar are hedge fund and insider trading movement. At Insider Monkey, our studies have shown that, historically, those who follow the top picks of the top investment managers can trounce the broader indices by a superb margin (see just how much).

Talisman Energy Inc. (USA) (NYSE:TLM)

Equally as necessary, bullish insider trading activity is another way to look at the world of equities. Obviously, there are a number of stimuli for an upper level exec to drop shares of his or her company, but just one, very simple reason why they would behave bullishly. Many empirical studies have demonstrated the market-beating potential of this strategy if shareholders know where to look (learn more here).

Keeping this in mind, it’s important to study the newest info for Talisman Energy Inc. (USA) (NYSE:TLM).

How have hedgies been trading Talisman Energy Inc. (USA) (NYSE:TLM)?

In preparation for the third quarter, a total of 21 of the hedge funds we track held long positions in this stock, a change of -5% from one quarter earlier. With hedge funds’ capital changing hands, there exists a select group of notable hedge fund managers who were upping their holdings meaningfully.

According to our 13F database, Keith Meister’s Corvex Capital had the largest position in Talisman Energy Inc. (USA) (NYSE:TLM), worth close to $103.6 million, comprising 1.9% of its total 13F portfolio. Sitting at the No. 2 spot is Doug Silverman and Alexander Klabin of Senator Investment Group, with a $91.4 million position; the fund has 1.4% of its 13F portfolio invested in the stock. Remaining peers that are bullish include Greg Boland’s West Face Capital, Michael A. Price and Amos Meron’s Empyrean Capital Partners and Daniel S. Och’s OZ Management.

Because Talisman Energy Inc. (USA) (NYSE:TLM) has faced a fall in interest from the smart money’s best and brightest, it’s easy to see that there exists a select few money managers that elected to cut their entire stakes at the end of the second quarter. At the top of the heap, Jonathon Jacobson’s Highfields Capital Management dumped the biggest stake of the “upper crust” of funds we monitor, comprising about $31.7 million in stock, and Jeffrey Vinik of Vinik Asset Management was right behind this move, as the fund dumped about $10.7 million worth. These transactions are interesting, as total hedge fund interest dropped by 1 funds at the end of the second quarter.

What have insiders been doing with Talisman Energy Inc. (USA) (NYSE:TLM)?

Bullish insider trading is at its handiest when the primary stock in question has experienced transactions within the past half-year. Over the latest half-year time period, Talisman Energy Inc. (USA) (NYSE:TLM) has seen zero unique insiders purchasing, and zero insider sales (see the details of insider trades here).

We’ll also review the relationship between both of these indicators in other stocks similar to Talisman Energy Inc. (USA) (NYSE:TLM). These stocks are Cabot Oil & Gas Corporation (NYSE:COG), Cobalt International Energy, Inc. (NYSE:CIE), Chesapeake Energy Corporation (NYSE:CHK), Range Resources Corp. (NYSE:RRC), and Southwestern Energy Company (NYSE:SWN). This group of stocks are the members of the independent oil & gas industry and their market caps resemble TLM’s market cap.

Page 1 of 2
Comments
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

The 10 Most Expensive iPhone Apps

The 9 Most Expensive Designer Shoes in the World

The 10 Most Expensive Cigarette Brands

The 10 Most Expensive Law Schools in the US

The 10 Best Wall Street Movies

The 10 Most Expensive Golf Clubs Ever Sold

The 10 Most Expensive Golf Memberships

The 10 Best Disney Characters Ever Created

The 8 Best Foods for Gaining Weight

The 10 Most Expensive Colleges in the World

The 7 Most Memorable Ad Campaigns of All Time

The 7 Most Expensive High Schools in the World

The 10 Electric Vehicles with the Longest Range

The 10 Cities with the Worst Drivers in the World

The 10 Most Expensive Dresses Ever Created

10 Islands to Visit Before You Die

10 Famous Celebrities Who Needed Rehab

The 15 Countries with the Largest Oil Reserves

The 10 Most Overused Excuses in the World

The 5 Best iOS Apps You Can’t Get on Android

5 Companies Damaged By Social Media Blunders

The 10 Most Legendary Blues Songs

The 10 Most Lawless Places in the World

4 Reasons China is a Threat to the US

The 17 Most Sugary Drinks in the World

The 10 Most Ruthless Rulers in History

The 10 Greatest Generals in History

Top 8 Travel Destinations for 2015

The 10 Safest Dog Breeds for Children

The 10 Most Stolen Vehicles in the US

The 7 Most Expensive Celebrity Weddings

The 10 Best LoL Teams in the World

Top 10 Worst Marketing Campaigns Ever Produced

Top 5 Diets that Help You Lose Weight

The 10 Best Ways to Stay Awake

7 Artists That Switched Musical Genres

The 10 Most Expensive Cities to Live in New Jersey

The 10 Best High Schools in New York

The 10 Countries With the Least Gender Inequality

The 6 Biggest Musician-Manager Feuds

The 10 Countries with the Cheapest Gas Prices

The 7 Most Theatrical Bands of All Time

The 8 Worst Band Breakups of All Time

The 10 Most Important South American Leaders

The 7 Most Successful Casting Show Winners

The 10 Most Peaceful Countries in the World

5 Big Reasons Communism Failed

The 15 Most Famous Carl Icahn Quotes

10 Scary Animals that are Actually Harmless

The 8 Most Famous Singer-Actors in Entertainment

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!