Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Here is What Hedge Funds Think About Spectrum Brands Holdings, Inc. (NYSE:SPB)

Is Spectrum Brands Holdings, Inc. (NYSE:SPB) a superb investment right now? Prominent investors are becoming more confident. The number of bullish hedge fund bets rose by 9 lately.

Spectrum Brands Holdings, Inc.(NYSE:SPB)

To the average investor, there are dozens of metrics shareholders can use to watch the equity markets. Some of the best are hedge fund and insider trading interest. At Insider Monkey, our studies have shown that, historically, those who follow the best picks of the elite money managers can outpace the S&P 500 by a solid margin (see just how much).

Equally as important, bullish insider trading activity is another way to break down the stock market universe. Obviously, there are lots of motivations for an executive to sell shares of his or her company, but only one, very obvious reason why they would buy. Various academic studies have demonstrated the valuable potential of this strategy if “monkeys” understand where to look (learn more here).

With these “truths” under our belt, it’s important to take a peek at the latest action regarding Spectrum Brands Holdings, Inc. (NYSE:SPB).

How have hedgies been trading Spectrum Brands Holdings, Inc. (NYSE:SPB)?

In preparation for this year, a total of 18 of the hedge funds we track were long in this stock, a change of 100% from the third quarter. With the smart money’s sentiment swirling, there exists a select group of noteworthy hedge fund managers who were upping their holdings considerably.

Of the funds we track, Phil Falcone’s Harbinger had the biggest position in Spectrum Brands Holdings, Inc. (NYSE:SPB), worth close to $1.343 billion, comprising 62.3% of its total 13F portfolio. Sitting at the No. 2 spot is D. E. Shaw of D E Shaw, with a $67 million position; the fund has 0.2% of its 13F portfolio invested in the stock. Some other hedgies that are bullish include Christian Leone’s Luxor Capital Group, Glenn Russell Dubin’s Highbridge Capital Management and Jim Simons’s Renaissance Technologies.

As aggregate interest increased, key money managers have been driving this bullishness. Luxor Capital Group, managed by Christian Leone, established the most outsized position in Spectrum Brands Holdings, Inc. (NYSE:SPB). Luxor Capital Group had 20 million invested in the company at the end of the quarter. Glenn Russell Dubin’s Highbridge Capital Management also initiated a $10 million position during the quarter. The following funds were also among the new SPB investors: Israel Englander’s Millennium Management, Mark Kingdon’s Kingdon Capital, and Ken Griffin’s Citadel Investment Group.

Insider trading activity in Spectrum Brands Holdings, Inc. (NYSE:SPB)

Insider trading activity, especially when it’s bullish, is at its handiest when the company in question has seen transactions within the past half-year. Over the latest six-month time frame, Spectrum Brands Holdings, Inc. (NYSE:SPB) has experienced 3 unique insiders buying, and 5 insider sales (see the details of insider trades here).

With the results demonstrated by Insider Monkey’s strategies, everyday investors must always pay attention to hedge fund and insider trading activity, and Spectrum Brands Holdings, Inc. (NYSE:SPB) 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.

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...

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 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!