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 American Capital Mortgage Investment Crp (NASDAQ:MTGE) for your portfolio? We’ll look to this invaluable collective wisdom for the answer.
Is American Capital Mortgage Investment Crp (NASDAQ:MTGE) a worthy investment today? Hedge funds are reducing their bets on the stock. The number of bullish hedge fund bets retreated by 2 in recent months. American Capital Mortgage Investment Crp (NASDAQ:MTGE) was in 9 hedge funds’ portfolios at the end of the third quarter of 2015. There were 11 hedge funds in our database with American Capital Mortgage Investment Crp (NASDAQ:MTGE) positions at the end of the previous quarter. 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 8Point3 Energy Partners LP (NASDAQ:CAFD), Quality Systems, Inc. (NASDAQ:QSII), and Leju Holdings Ltd (ADR) (NYSE:LEJU) to gather more data points.
If you’d ask most traders, hedge funds are perceived as slow, outdated financial vehicles of years past. While there are more than an 8000 funds in operation at the moment, Our researchers hone in on the top tier of this group, around 700 funds. These investment experts command bulk of the hedge fund industry’s total capital, and by watching their best picks, Insider Monkey has unearthed a few investment strategies that have historically outpaced Mr. Market. Insider Monkey’s small-cap hedge fund strategy outpaced the S&P 500 index by 12 percentage points per annum for a decade in their back tests.
With all of this in mind, let’s go over the fresh action encompassing American Capital Mortgage Investment Crp (NASDAQ:MTGE).
How are hedge funds trading American Capital Mortgage Investment Crp (NASDAQ:MTGE)?
At the end of Q3, a total of 9 of the hedge funds tracked by Insider Monkey were bullish on this stock, a decline of 18% from one quarter earlier. With hedgies’ positions undergoing their usual ebb and flow, there exists a select group of noteworthy hedge fund managers who were upping their holdings significantly (or already accumulated large positions).
According to Insider Monkey’s hedge fund database, Stephen Feinberg’s Cerberus Capital Management has the biggest position in American Capital Mortgage Investment Crp (NASDAQ:MTGE), worth close to $31.8 million, amounting to 2.6% of its total 13F portfolio. On Cerberus Capital Management’s heels is Brian Taylor of Pine River Capital Management, with a $23.2 million position; 0.4% of its 13F portfolio is allocated to the stock. Other peers that hold long positions encompass Nathaniel August’s Mangrove Partners, Andy Redleaf’s Whitebox Advisors, and Ken Griffin’s Citadel Investment Group.