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

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!