Here is What Hedge Funds Think About Corelogic Inc (NYSE:CLGX)

Corelogic Inc (NYSE:CLGX) has experienced a decrease in support from the world’s most elite money managers lately.

Corelogic (CGLX)

According to most market participants, hedge funds are perceived as unimportant, old financial vehicles of the past. While there are over 8000 funds with their doors open at the moment, we at Insider Monkey look at the crème de la crème of this group, about 450 funds. It is estimated that this group oversees the majority of all hedge funds’ total capital, and by tracking their highest performing picks, we have discovered a few investment strategies that have historically outstripped the market. Our small-cap hedge fund strategy beat the S&P 500 index by 18 percentage points a year for a decade in our back tests, and since we’ve started sharing our picks with our subscribers at the end of August 2012, we have outpaced the S&P 500 index by 25 percentage points in 6.5 month (check out a sample of our picks).

Equally as integral, bullish insider trading sentiment is a second way to parse down the marketplace. There are a number of motivations for an upper level exec to sell shares of his or her company, but just one, very simple reason why they would initiate a purchase. Plenty of empirical studies have demonstrated the useful potential of this tactic if “monkeys” know what to do (learn more here).

Consequently, we’re going to take a peek at the key action surrounding Corelogic Inc (NYSE:CLGX).

How are hedge funds trading Corelogic Inc (NYSE:CLGX)?

At year’s end, a total of 26 of the hedge funds we track held long positions in this stock, a change of -10% from one quarter earlier. With hedgies’ capital changing hands, there exists a select group of notable hedge fund managers who were increasing their stakes substantially.

When looking at the hedgies we track, Columbus Circle Investors, managed by Donald Chiboucis, holds the biggest position in Corelogic Inc (NYSE:CLGX). Columbus Circle Investors has a $68 million position in the stock, comprising 0.5% of its 13F portfolio. The second largest stake is held by D E Shaw, managed by D. E. Shaw, which held a $45 million position; 2.8% of its 13F portfolio is allocated to the stock. Other hedgies that are bullish include Lee Hobson’s Highside Capital Management, Jim Simons’s Renaissance Technologies and Gregg J. Powers’s Private Capital Management.

Judging by the fact that Corelogic Inc (NYSE:CLGX) has witnessed declining sentiment from the entirety of the hedge funds we track, logic holds that there exists a select few funds that slashed their positions entirely at the end of the year. It’s worth mentioning that Jonathon Jacobson’s Highfields Capital Management sold off the largest position of the 450+ funds we monitor, totaling about $163 million in stock.. Brian Taylor’s fund, Pine River Capital Management, also dumped its stock, about $15 million worth. These moves are intriguing to say the least, as aggregate hedge fund interest was cut by 3 funds at the end of the year.

What do corporate executives and insiders think about Corelogic Inc (NYSE:CLGX)?

Insider trading activity, especially when it’s bullish, is most useful when the company in focus has seen transactions within the past 180 days. Over the latest 180-day time period, Corelogic Inc (NYSE:CLGX) has seen 6 unique insiders buying, and 2 insider sales (see the details of insider trades here).

With the results shown by our time-tested strategies, everyday investors must always pay attention to hedge fund and insider trading sentiment, and Corelogic Inc (NYSE:CLGX) is an important part of this process.

Click here to learn more about Insider Monkey’s Hedge Fund Newsletter

Insider Monkey’s small-cap strategy returned 29.2% between September 2012 and February 2013 versus 8.7% for the S&P 500 index. Try it now by clicking the link above.

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

The 10 Most Expensive States to Own a Car In

Top 10 Business Schools in US: 2014 Rankings

Top 20 Female Billionaires in 2014

6 Movies That You Should Watch to Better Understand The Cold War

Top 15 Best Paying Jobs for Women in 2014

Top 6 Things Rich People Do Differently Every Day

5 Retirement Mistakes To Avoid (and Einstein’s Famous Quote)

11 Smartest People in the World

6 Films About the Financial World You Need To Watch (While “The Wolf” is Not Around)

Warren Buffett and Billionaires Are Crazy About These 7 Stocks

The Top 10 States With Fastest Internet Speeds

10 Best Places to Visit in USA in August

Top 10 Cities to Visit Before You Die

Top 10 Genetically Modified Food In the US

15 Highest Grossing Movies Opening Weekend

5 Best Poker Books For Beginners

10 Strategies Hedge Funds Use to Make Huge Returns

Top 10 Fast Food Franchises to Buy

10 Best Places to Visit in Canada

Best Summer Jobs for Teachers

10 Youngest Hedge Fund Billionaires

Top 10 One Hit Wonders of the 90s

Fastest Growing Cities In America

Top 10 U.S. Cities for Freelancers

Top 9 Most Popular Free iPhone Apps

Top 10 Least Expensive Private Business Schools in the US

Top 15 Most Expensive Countries in the World – 2014

Top 6 Tax Scams and How to Protect Yourself

Top Businesses to Invest In

Top 5 Things You Might Be Doing Wrong With Your Business

Top 5 Strategic Technology Trends in 2014

Top Rags to Riches Stories

Parenting Behavior That Promotes Future Leaders

Top 5 Mistakes Made by Small Businesses

Top 5 Most Common and Potentially Devastating Financial Blunders

Top 5 Highest Paying Jobs for Web Designers

Top 6 Most Respected Professions that Also Pay Well

Top 5 Pitfalls Investors Should Avoid

Top 6 Lawyers and Policy Makers Under 30

Top 6 New Year’s Resolutions for Entrepreneurs

Top 7 Locations to Check in on Facebook

Top 5 Mistakes made by Rookie eBay Sellers

Top 7 eBook Publishers in 2013

Top 6 Health Industry Trends in 2014

5 Lessons for Entrepreneurs from Seth Godin

Top 5 Success Tips from Jordan Belfort – the Wolf of Wall Street

Best Master’s in Finance Degree Programs

Top 6 Earning Celebrities Over 50

The most expensive sports to play

Top 7 Earning Celebrities Under 25

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!