Here is What Hedge Funds Think About SunOpta, Inc. (USA) (STKL)

Is SunOpta, Inc. (USA) (NASDAQ:STKL) the right investment to pursue these days? Investors who are in the know are selling. The number of long hedge fund positions shrunk by 2 recently.

SunOpta, Inc. (USA) (NASDAQ:STKL)To most market participants, hedge funds are assumed to be slow, outdated financial vehicles of the past. While there are over 8000 funds trading at the moment, we look at the top tier of this group, about 450 funds. It is widely believed that this group has its hands on the lion’s share of the smart money’s total asset base, and by monitoring their highest performing investments, we have deciphered a number of investment strategies that have historically outpaced the broader indices. 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 topped the S&P 500 index by 23.3 percentage points in 8 months (check out a sample of our picks).

Just as integral, optimistic insider trading sentiment is another way to parse down the investments you’re interested in. Obviously, there are lots of motivations for a bullish insider to sell shares of his or her company, but just one, very obvious reason why they would behave bullishly. Several academic studies have demonstrated the valuable potential of this method if piggybackers know where to look (learn more here).

Consequently, we’re going to take a gander at the recent action encompassing SunOpta, Inc. (USA) (NASDAQ:STKL).

Hedge fund activity in SunOpta, Inc. (USA) (NASDAQ:STKL)

Heading into Q2, a total of 7 of the hedge funds we track were long in this stock, a change of -22% from the previous quarter. With hedgies’ sentiment swirling, there exists a select group of key hedge fund managers who were increasing their stakes considerably.

According to our comprehensive database, West Face Capital, managed by Greg Boland, holds the most valuable position in SunOpta, Inc. (USA) (NASDAQ:STKL). West Face Capital has a $55.5 million position in the stock, comprising 10.2% of its 13F portfolio. Coming in second is D. E. Shaw of D E Shaw, with a $4.1 million position; less than 0.1%% of its 13F portfolio is allocated to the stock. Remaining peers that hold long positions include Ken Griffin’s Citadel Investment Group, Israel Englander’s Millennium Management and Jim Simons’s Renaissance Technologies.

Judging by the fact that SunOpta, Inc. (USA) (NASDAQ:STKL) has experienced a declination in interest from hedge fund managers, logic holds that there exists a select few funds that decided to sell off their full holdings heading into Q2. Intriguingly, Mark N. Diker’s Diker Management dumped the biggest stake of the 450+ funds we monitor, totaling close to $0.3 million in stock.. Steven Cohen’s fund, SAC Capital Advisors, also sold off its stock, about $0.1 million worth. These bearish behaviors are important to note, as aggregate hedge fund interest was cut by 2 funds heading into Q2.

How have insiders been trading SunOpta, Inc. (USA) (NASDAQ:STKL)?

Insider buying is best served when the company in question has seen transactions within the past half-year. Over the last half-year time frame, SunOpta, Inc. (USA) (NASDAQ:STKL) has experienced zero unique insiders buying, and 1 insider sales (see the details of insider trades here).

With the returns shown by our time-tested strategies, everyday investors must always monitor hedge fund and insider trading activity, and SunOpta, Inc. (USA) (NASDAQ:STKL) is no exception.

Click here to learn why you should track hedge funds

Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The 10 Largest Pharmaceutical Companies In the World

The 10 Most Expensive Android Apps

The 9 Most Expensive Designer Bags in the World

The 7 Most Expensive Real Estate in the World

The 10 Most Expensive eBay Items Ever Sold

The 10 Most Expensive iPhone Apps

The 9 Most Expensive Designer Shoes in the World

The 10 Most Expensive Cigarette Brands

The 10 Most Expensive Law Schools in the US

The 10 Best Wall Street Movies

The 10 Most Expensive Golf Clubs Ever Sold

The 10 Most Expensive Golf Memberships

The 10 Best Disney Characters Ever Created

The 8 Best Foods for Gaining Weight

The 10 Most Expensive Colleges in the World

The 7 Most Memorable Ad Campaigns of All Time

The 7 Most Expensive High Schools in the World

The 10 Electric Vehicles with the Longest Range

The 10 Cities with the Worst Drivers in the World

The 10 Most Expensive Dresses Ever Created

10 Islands to Visit Before You Die

10 Famous Celebrities Who Needed Rehab

The 15 Countries with the Largest Oil Reserves

The 10 Most Overused Excuses in the World

The 5 Best iOS Apps You Can’t Get on Android

5 Companies Damaged By Social Media Blunders

The 10 Most Legendary Blues Songs

The 10 Most Lawless Places in the World

4 Reasons China is a Threat to the US

The 17 Most Sugary Drinks in the World

The 10 Most Ruthless Rulers in History

The 10 Greatest Generals in History

Top 8 Travel Destinations for 2015

The 10 Safest Dog Breeds for Children

The 10 Most Stolen Vehicles in the US

The 7 Most Expensive Celebrity Weddings

The 10 Best LoL Teams in the World

Top 10 Worst Marketing Campaigns Ever Produced

Top 5 Diets that Help You Lose Weight

The 10 Best Ways to Stay Awake

7 Artists That Switched Musical Genres

The 10 Most Expensive Cities to Live in New Jersey

The 10 Best High Schools in New York

The 10 Countries With the Least Gender Inequality

The 6 Biggest Musician-Manager Feuds

The 10 Countries with the Cheapest Gas Prices

The 7 Most Theatrical Bands of All Time

The 8 Worst Band Breakups of All Time

The 10 Most Important South American Leaders

The 7 Most Successful Casting Show Winners

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!