We at Insider Monkey have gone over 700 13F filings that hedge funds and prominent investors are required to file by the government. The 13F filings show the funds’ and investors’ portfolio positions as of September 30. In this article, we look at what those funds think of NTELOS Holdings Corp. (NASDAQ:NTLS) based on that data.
NTELOS Holdings Corp. (NASDAQ:NTLS) investors should pay attention to a decrease in enthusiasm from smart money recently. NTLS was in 13 hedge funds’ portfolios at the end of the third quarter of 2015. There were 16 hedge funds in our database with NTLS holdings at the end of the previous quarter. At the end of this article we will also compare NTLS to other stocks, including Nivalis Therapeutics Inc (NASDAQ:NVLS), Preformed Line Products Company (NASDAQ:PLPC), and Zagg Inc (NASDAQ:ZAGG) to get a better sense of its popularity.
In the eyes of most stock holders, hedge funds are seen as slow, outdated financial tools of years past. While there are greater than 8000 funds in operation at present, Our experts look at the leaders of this group, around 700 funds. These investment experts watch over the lion’s share of the smart money’s total capital, and by keeping an eye on their top picks, Insider Monkey has unearthed several investment strategies that have historically surpassed the S&P 500 index. Insider Monkey’s small-cap hedge fund strategy defeated the S&P 500 index by 12 percentage points a year for a decade in their back tests.
With all of this in mind, we’re going to take a look at the fresh action surrounding NTELOS Holdings Corp. (NASDAQ:NTLS).
Hedge fund activity in NTELOS Holdings Corp. (NASDAQ:NTLS)
Heading into Q4, a total of 13 of the hedge funds tracked by Insider Monkey were bullish on this stock, a change of -19% from the previous quarter. With hedge funds’ positions undergoing their usual ebb and flow, there exists a few noteworthy hedge fund managers who were increasing their stakes meaningfully (or already accumulated large positions).
When looking at the institutional investors followed by Insider Monkey, GMT Capital, managed by Thomas E. Claugus, holds the number one position in NTELOS Holdings Corp. (NASDAQ:NTLS). GMT Capital has a $14.8 million position in the stock, comprising 0.4% of its 13F portfolio. The second most bullish fund manager is Renaissance Technologies, holding a $9.7 million position; the fund has less than 0.1%% of its 13F portfolio invested in the stock. Other peers that are bullish contain Paul Marshall and Ian Wace’s Marshall Wace LLP, Gavin Saitowitz and Cisco J. del Valle’s Springbok Capital and Joseph Mathias’s Concourse Capital Management.