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Hedge Funds Remain Cautious of Jones Lang LaSalle Inc (JLL)

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Is Jones Lang LaSalle Inc (NYSE:JLL) a good bet right now? We like to analyze hedge fund sentiment before doing days of in-depth research. We do so because hedge funds and other elite investors have numerous Ivy league graduates, expert network advisers, and supply chain tipsters working or consulting for them. There is not a shortage of news stories covering failed hedge fund investments (for some reason media paid a ton of attention to Ackman’s gigantic JC Penney and Valeant failures) and it is a fact that hedge funds’ picks don’t beat the market 100% of the time, but their consensus picks have historically done very well and have outperformed the market after adjusting for risk.

Jones Lang LaSalle Inc (NYSE:JLL) investors should be aware of a decrease in support from the world’s most elite money managers of late. The level and the change in hedge fund popularity aren’t the only variables you need to analyze to decipher hedge funds’ perspectives. A stock may witness a boost in popularity but it may still be less popular than similarly priced stocks. That’s why at the end of this article we will examine companies such as Graco Inc. (NYSE:GGG), AMC Networks Inc (NASDAQ:AMCX), and Booz Allen Hamilton Holding Corporation (NYSE:BAH) to gather more data points.

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How have hedgies been trading Jones Lang LaSalle Inc (NYSE:JLL)?

Heading into the fourth quarter of 2016, a total of 24 of the hedge funds tracked by Insider Monkey were bullish on this stock, a drop of 11% from the previous quarter. The stock has now seen a drop in hedge fund ownership for three-straight quarters, although the quarterly drops have been relatively small. With hedge funds’ sentiment swirling, there exists an “upper tier” of key hedge fund managers who were upping their holdings considerably (or already accumulated large positions).
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According to publicly available hedge fund and institutional investor holdings data compiled by Insider Monkey, David Blood and Al Gore’s Generation Investment Management has the most valuable position in Jones Lang LaSalle Inc (NYSE:JLL), worth close to $317.2 million, corresponding to 3.4% of its total 13F portfolio. On Generation Investment Management’s heels is Ariel Investments, led by John W. Rogers, holding a $169.4 million position; the fund has 2% of its 13F portfolio invested in the stock. Some other peers that hold long positions include John Smith Clark’s Southpoint Capital Advisors, Ric Dillon’s Diamond Hill Capital and Chuck Royce’s Royce & Associates.

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