InterOil Corporation (USA) (IOC): What Do Hedge Funds & Insiders Think?

InterOil Corporation (USA) (NYSE:IOC)InterOil Corporation (USA) (NYSE:IOC) was in 18 hedge funds’ portfolio at the end of March. IOC has experienced an increase in hedge fund sentiment of late. There were 17 hedge funds in our database with IOC positions at the end of the previous quarter.

In the eyes of most market participants, hedge funds are viewed as slow, old financial vehicles of the past. While there are more than 8000 funds in operation at present, we at Insider Monkey look at the upper echelon of this group, close to 450 funds. It is widely believed that this group oversees most of the smart money’s total capital, and by keeping an eye on their top equity investments, we have formulated a number of investment strategies that have historically outstripped the market. Our small-cap hedge fund strategy outperformed the S&P 500 index by 18 percentage points annually 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 outclassed the S&P 500 index by 23.3 percentage points in 8 months (see the details here).

Equally as integral, positive insider trading sentiment is a second way to break down the stock market universe. Obviously, there are a variety of stimuli for an upper level exec to get rid of shares of his or her company, but only one, very simple reason why they would initiate a purchase. Many empirical studies have demonstrated the market-beating potential of this tactic if investors know where to look (learn more here).

With all of this in mind, we’re going to take a gander at the recent action encompassing InterOil Corporation (USA) (NYSE:IOC).

What have hedge funds been doing with InterOil Corporation (USA) (NYSE:IOC)?

At the end of the first quarter, a total of 18 of the hedge funds we track were long in this stock, a change of 6% from the first quarter. With the smart money’s positions undergoing their usual ebb and flow, there exists a select group of noteworthy hedge fund managers who were upping their holdings meaningfully.

Of the funds we track, Paulson & Co, managed by John Paulson, holds the biggest position in InterOil Corporation (USA) (NYSE:IOC). Paulson & Co has a $142.3 million position in the stock, comprising 0.8% of its 13F portfolio. Sitting at the No. 2 spot is Luxor Capital Group, managed by Christian Leone, which held a $29.9 million position; 0.6% of its 13F portfolio is allocated to the stock. Remaining peers that are bullish include Charles Clough’s Clough Capital Partners, and Israel Englander’s Millennium Management.

As one would reasonably expect, specific money managers were breaking ground themselves. Paulson & Co, managed by John Paulson, assembled the largest position in InterOil Corporation (USA) (NYSE:IOC). Paulson & Co had 142.3 million invested in the company at the end of the quarter. Christian Leone’s Luxor Capital Group also made a $29.9 million investment in the stock during the quarter. The other funds with brand new IOC positions are Israel Englander’s Millennium Management, John Fichthorn’s Dialectic Capital Management, and Daniel S. Och’s OZ Management.

How have insiders been trading InterOil Corporation (USA) (NYSE:IOC)?

Insider buying is most useful when the company in question has experienced transactions within the past 180 days. Over the last half-year time frame, InterOil Corporation (USA) (NYSE:IOC) has seen zero unique insiders buying, and zero insider sales (see the details of insider trades here).

With the results demonstrated by our tactics, everyday investors must always keep an eye on hedge fund and insider trading sentiment, and InterOil Corporation (USA) (NYSE:IOC) shareholders fit into this picture quite nicely.

Click here to learn why you should track hedge funds

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

10 Top Reasons For Getting Fired

The 3 Best States to Start an LLC

10 Jobs That Allow You to Travel

7 High-Paying Jobs You Can Do From Home

12 Best Cities to Shop in USA

10 Best States To Practice Medicine

The 10 Best States to Have a Business

The 12 Most Expensive Apple (AAPL) Apps in the Market

The 10 Richest Billionaires in the World

10 Biggest Kickstarter Failures

The 10 Best Places to Work At

The Top 10 of Google Inc (GOOGL)’s Most Expensive Acquisitions

13 Best Cities to Visit in South America

10 Most Expensive Works of Art of All Time

The 10 Richest Banks in the World

The 10 Best-Paying Jobs in America (2014)

7 Most Expensive Foods in the World

The World’s Top 10 Earning Authors

Five Wicked and Very Expensive Items (and Other “Stuff”) Sold on eBay

10 Biggest Celebrity Bankruptcies

The Top 10 Highest Paid CEOs in 2014

The 10 Most Expensive Real Estate Cities in America

10 Most Expensive States To Live In America

The 10 Best Airlines in the World

The 10 Best-Selling Cars in 2014

The 10 Best Industries to Invest In

The 10 Most Expensive States to Own a Car In

Top 10 Business Schools in US: 2014 Rankings

Top 20 Female Billionaires in 2014

6 Movies That You Should Watch to Better Understand The Cold War

Top 15 Best Paying Jobs for Women in 2014

Top 6 Things Rich People Do Differently Every Day

5 Retirement Mistakes To Avoid (and Einstein’s Famous Quote)

11 Smartest People in the World

6 Films About the Financial World You Need To Watch (While “The Wolf” is Not Around)

Warren Buffett and Billionaires Are Crazy About These 7 Stocks

The Top 10 States With Fastest Internet Speeds

10 Best Places to Visit in USA in August

Top 10 Cities to Visit Before You Die

Top 10 Genetically Modified Food In the US

15 Highest Grossing Movies Opening Weekend

5 Best Poker Books For Beginners

10 Strategies Hedge Funds Use to Make Huge Returns

Top 10 Fast Food Franchises to Buy

10 Best Places to Visit in Canada

Best Summer Jobs for Teachers

10 Youngest Hedge Fund Billionaires

Top 10 One Hit Wonders of the 90s

Fastest Growing Cities In America

Top 10 U.S. Cities for Freelancers

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!