The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. We have processed the filings of the more than 700 world-class investment firms that we track and now have access to the collective wisdom contained in these filings, which are based on their September 30 holdings, data that is available nowhere else. Should you consider Tyson Foods, Inc. (NYSE:TSN) for your portfolio? We’ll look to this invaluable collective wisdom for the answer.
Tyson Foods, Inc. (NYSE:TSN) was in 46 hedge funds’ portfolios at the end of September. Tyson Foods, Inc. (NYSE:TSN) investors should be aware of a decrease in enthusiasm from smart money lately. There were 50 hedge funds in our database with Tyson Foods, Inc. (NYSE:TSN) positions at the end of the previous quarter. At the end of this article, we will also compare Tyson Foods, Inc. (NYSE:TSN) to other stocks, including Telekomunikasi Indns Tbk Prshn PP PT-ADR (NYSE:TLK), ConAgra Foods, Inc. (NYSE:CAG), and Under Armour Inc (NYSE:UA) to get a better sense of its popularity.
In the eyes of most stock holders, hedge funds are viewed as underperforming, old financial vehicles of the past. While there are greater than 8000 funds with their doors open at present, our researchers look at the top tier of this group, around 700 funds. These investment experts orchestrate most of all hedge funds’ total capital, and by watching their top picks, Insider Monkey has brought to light numerous investment strategies that have historically outpaced Mr. Market. Insider Monkey’s small-cap hedge fund strategy outstripped the S&P 500 index by 12 percentage points a year for a decade in their back tests.
Now, let’s check out the key action regarding Tyson Foods, Inc. (NYSE:TSN).
How are hedge funds trading Tyson Foods, Inc. (NYSE:TSN)?
At the end of Q3, a total of 46 of the hedge funds tracked by Insider Monkey held long positions in this stock, a decrease of 8% from one quarter earlier. With hedgies’ sentiment swirling, there exists an “upper tier” of key hedge fund managers who were upping their holdings meaningfully (or already accumulated large positions).
According to publicly available hedge fund and institutional investor holdings data compiled by Insider Monkey, Iridian Asset Management, managed by David Cohen and Harold Levy, holds the biggest position in Tyson Foods, Inc. (NYSE:TSN). Iridian Asset Management has a $280.5 million position in the stock, comprising 2.4% of its 13F portfolio. On Iridian Asset Management’s heels is Michael Messner of Seminole Capital (Investment Mgmt), with a $159.2 million position; the fund has 7.1% of its 13F portfolio invested in the stock. The remaining peers that hold long positions contain John A. Levin’s Levin Capital Strategies, Dinakar Singh’s TPG-AXON Management LP, and Robert Polak’s Anchor Bolt Capital.