Trina Solar Limited (ADR) (NYSE:TSL) has experienced a decrease in hedge fund interest lately.
To the average investor, there are plenty of gauges investors can use to track their holdings. Two of the most innovative are hedge fund and insider trading activity. At Insider Monkey, our studies have shown that, historically, those who follow the top picks of the top money managers can outpace the market by a very impressive amount (see just how much).
Equally as integral, bullish insider trading sentiment is another way to break down the marketplace. Obviously, there are a variety of stimuli for an executive to cut shares of his or her company, but only one, very simple reason why they would behave bullishly. Plenty of academic studies have demonstrated the impressive potential of this strategy if you understand where to look (learn more here).
Consequently, let’s take a peek at the recent action encompassing Trina Solar Limited (ADR) (NYSE:TSL).
Hedge fund activity in Trina Solar Limited (ADR) (NYSE:TSL)
At Q1’s end, a total of 7 of the hedge funds we track held long positions in this stock, a change of -30% from the previous quarter. With hedgies’ positions undergoing their usual ebb and flow, there exists a few noteworthy hedge fund managers who were boosting their stakes substantially.
When looking at the hedgies we track, Platinum Asset Management, managed by Kerr Neilson, holds the largest position in Trina Solar Limited (ADR) (NYSE:TSL). Platinum Asset Management has a $34.9 million position in the stock, comprising 0.8% of its 13F portfolio. Coming in second is Ken Griffin of Citadel Investment Group, with a $22.2 million position; less than 0.1%% of its 13F portfolio is allocated to the stock. Other peers with similar optimism include Michael R. Weisberg’s Crestwood Capital Management, Himanshu H. Shah’s Shah Capital Management and Louis Bacon’s Moore Global Investments.
Due to the fact that Trina Solar Limited (ADR) (NYSE:TSL) has experienced declining sentiment from the entirety of the hedge funds we track, we can see that there is a sect of money managers who sold off their full holdings last quarter. It’s worth mentioning that Mark McGoldrick and Jason Maynard’s Mouth Kellett Capital Management said goodbye to the biggest position of the “upper crust” of funds we watch, valued at about $13.6 million in stock., and John A. Levin of Levin Capital Strategies was right behind this move, as the fund cut about $8.5 million worth. These transactions are intriguing to say the least, as aggregate hedge fund interest fell by 3 funds last quarter.
Insider trading activity in Trina Solar Limited (ADR) (NYSE:TSL)
Bullish insider trading is best served when the primary stock in question has experienced transactions within the past six months. Over the latest 180-day time period, Trina Solar Limited (ADR) (NYSE:TSL) has seen zero unique insiders purchasing, and zero insider sales (see the details of insider trades here).
Let’s check out hedge fund and insider activity in other stocks similar to Trina Solar Limited (ADR) (NYSE:TSL). These stocks are GT Advanced Technologies Inc (NASDAQ:GTAT), Alpha and Omega Semiconductor Ltd (NASDAQ:AOSL), CEVA, Inc. (NASDAQ:CEVA), NVE Corporation (NASDAQ:NVEC), and IXYS Corporation (NASDAQ:IXYS). This group of stocks are the members of the semiconductor – specialized industry and their market caps match TSL’s market cap.