Here is What Hedge Funds Think About Huntington Bancshares Incorporated (NASDAQ:HBAN)

Huntington Bancshares Incorporated (NASDAQ:HBAN) investors should pay attention to an increase in hedge fund interest lately.

According to most stock holders, hedge funds are assumed to be unimportant, outdated investment vehicles of yesteryear. While there are more than 8000 funds in operation at present, we look at the aristocrats of this club, about 450 funds. It is widely believed that this group controls the lion’s share of the smart money’s total capital, and by watching their best equity investments, we have found a few investment strategies that have historically outpaced the broader indices. Our small-cap hedge fund strategy outstripped the S&P 500 index by 18 percentage points a year for a decade in our back tests, and since we’ve began to sharing our picks with our subscribers at the end of August 2012, we have outclassed the S&P 500 index by 25 percentage points in 6.5 month (see the details here).

Huntington Bancshares Incorporated (HBAN)Just as key, optimistic insider trading sentiment is another way to parse down the financial markets. Obviously, there are a variety of stimuli for an executive to sell shares of his or her company, but only one, very obvious reason why they would behave bullishly. Several academic studies have demonstrated the impressive potential of this tactic if “monkeys” understand where to look (learn more here).

Keeping this in mind, let’s take a gander at the latest action regarding Huntington Bancshares Incorporated (NASDAQ:HBAN).

What does the smart money think about Huntington Bancshares Incorporated (NASDAQ:HBAN)?

Heading into 2013, a total of 21 of the hedge funds we track were bullish in this stock, a change of 11% from the previous quarter. With hedgies’ sentiment swirling, there exists an “upper tier” of key hedge fund managers who were boosting their holdings substantially.

When looking at the hedgies we track, Clint Carlson’s Carlson Capital had the most valuable position in Huntington Bancshares Incorporated (NASDAQ:HBAN), worth close to $43 million, comprising 0.7% of its total 13F portfolio. Sitting at the No. 2 spot is Cliff Asness of AQR Capital Management, with a $26 million position; 0.7% of its 13F portfolio is allocated to the company. Other hedgies that are bullish include Abby Flamholz and Yehuda Blinder’s ADAR Investment Management, James Dondero’s Highland Capital Management and Ken Griffin’s Citadel Investment Group.

As industrywide interest jumped, specific money managers were leading the bulls’ herd. Carlson Capital, managed by Clint Carlson, initiated the most outsized position in Huntington Bancshares Incorporated (NASDAQ:HBAN). Carlson Capital had 43 million invested in the company at the end of the quarter. James Dondero’s Highland Capital Management also made a $9 million investment in the stock during the quarter. The following funds were also among the new HBAN investors: Ken Gray and Steve Walsh’s Bryn Mawr Capital, Glenn Russell Dubin’s Highbridge Capital Management, and Charles Davidson’s Wexford Capital.

Insider trading activity in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Insider trading activity, especially when it’s bullish, is at its handiest when the company in question has experienced transactions within the past half-year. Over the latest half-year time period, Huntington Bancshares Incorporated (NASDAQ:HBAN) has experienced 7 unique insiders purchasing, and 1 insider sales (see the details of insider trades here).

With the results demonstrated by the aforementioned strategies, everyday investors should always watch hedge fund and insider trading sentiment, and Huntington Bancshares Incorporated (NASDAQ:HBAN) shareholders fit into this picture quite nicely.

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

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 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

Best 7 Online Courses to Take: Free Finance MOOCs

Top 6 Bad Habits that Promote Failure

20 Most Valuable Soccer Teams in the World in 2013

12 Most Expensive Countries for Foreign Students

Top 30 Most Influential Women in the World

Top 20 Most Expensive New Year Eve Shows

Top 5 Best Vocational Careers

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!