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Infinera Corp. (INFN): Are Hedge Funds Right About This Stock?

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Legendary investors such as Leon Cooperman and Seth Klarman earn enormous amounts of money for themselves and their investors by doing in-depth research on small-cap stocks that big brokerage houses don’t publish. Small cap stocks -especially when they are screened well- can generate substantial outperformance versus a boring index fund. That’s why we analyze the activity of those elite funds in these small-cap stocks. In the following paragraphs, we analyze Infinera Corp. (NASDAQ:INFN) from the perspective of those elite funds.

Infinera Corp. (NASDAQ:INFN) investors should be aware of an increase in support from the world’s most elite money managers recently. The level and the change in hedge fund popularity aren’t the only variables you need to analyze to decipher hedge funds’ perspectives. A stock may witness a boost in popularity but it may still be less popular than similarly priced stocks. That’s why at the end of this article we will examine companies such as Clean Harbors Inc (NYSE:CLH), World Fuel Services Corporation (NYSE:INT), and Myriad Genetics, Inc. (NASDAQ:MYGN) to gather more data points.

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With all of this in mind, let’s take a glance at the recent action encompassing Infinera Corp. (NASDAQ:INFN).

Hedge fund activity in Infinera Corp. (NASDAQ:INFN)

Heading into Q4, a total of 31 of the hedge funds tracked by Insider Monkey held long positions in this stock, a change of 24% from the previous quarter. With hedgies’ capital changing hands, there exists an “upper tier” of key hedge fund managers who were upping their holdings substantially (or already accumulated large positions).

When looking at the institutional investors followed by Insider Monkey, Columbus Circle Investors has the most valuable position in Infinera Corp. (NASDAQ:INFN), worth close to $49.9 million, accounting for 0.4% of its total 13F portfolio. The second largest stake is held by Jericho Capital Asset Management, led by Josh Resnick, holding a $46.3 million position; the fund has 2.9% of its 13F portfolio invested in the stock. Some other hedge funds and institutional investors with similar optimism consist of William Harnisch’s Peconic Partners LLC, Leon Shaulov’s Maplelane Capital and Drew Cupps’s Cupps Capital Management.

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