Is Clean Energy Fuels Corp (CLNE) Going to Burn These Hedge Funds?

Clean Energy Fuels Corp (NASDAQ:CLNE) was in 8 hedge funds’ portfolio at the end of December. CLNE has seen a decrease in support from the world’s most elite money managers in recent months. There were 8 hedge funds in our database with CLNE holdings at the end of the previous quarter.

Clean Energy Fuels Corp (NASDAQ:CLNE)

If you’d ask most shareholders, hedge funds are perceived as unimportant, old financial vehicles of years past. While there are over 8000 funds trading at present, we at Insider Monkey choose to focus on the aristocrats of this group, close to 450 funds. It is estimated that this group controls most of all hedge funds’ total capital, and by monitoring their top picks, we have revealed a number of investment strategies that have historically beaten the S&P 500 index. 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 began to sharing our picks with our subscribers at the end of August 2012, we have outclassed the S&P 500 index by 24 percentage points in 7 months (explore the details and some picks here).

Equally as key, optimistic insider trading sentiment is a second way to break down the investments you’re interested in. Obviously, there are many incentives for an executive to cut shares of his or her company, but only one, very clear reason why they would buy. Plenty of academic studies have demonstrated the market-beating potential of this method if investors know where to look (learn more here).

Keeping this in mind, it’s important to take a glance at the recent action regarding Clean Energy Fuels Corp (NASDAQ:CLNE).

Hedge fund activity in Clean Energy Fuels Corp (NASDAQ:CLNE)

At year’s end, a total of 8 of the hedge funds we track were bullish in this stock, a change of 0% from one quarter earlier. With hedge funds’ positions undergoing their usual ebb and flow, there exists a few key hedge fund managers who were boosting their holdings substantially.

Of the funds we track, David Gallo’s Valinor Management LLC had the biggest position in Clean Energy Fuels Corp (NASDAQ:CLNE), worth close to $9.2 million, comprising 0.4% of its total 13F portfolio. On Valinor Management LLC’s heels is D. E. Shaw of D E Shaw, with a $4.7 million position; less than 0.1%% of its 13F portfolio is allocated to the stock. Some other hedge funds that hold long positions include Ken Griffin’s Citadel Investment Group, and Sander Gerber’s Hudson Bay Capital Management.

Because Clean Energy Fuels Corp (NASDAQ:CLNE) has experienced declining sentiment from hedge fund managers, it’s easy to see that there were a few money managers that slashed their full holdings last quarter. It’s worth mentioning that Peter Rathjens, Bruce Clarke and John Campbell’s Arrowstreet Capital said goodbye to the largest position of the “upper crust” of funds we track, totaling about $0.5 million in stock., and Israel Englander of Millennium Management was right behind this move, as the fund cut about $0.1 million worth. These bearish behaviors are interesting, as aggregate hedge fund interest stayed the same (this is a bearish signal in our experience).

Insider trading activity in Clean Energy Fuels Corp (NASDAQ:CLNE)

Insider purchases made by high-level executives is at its handiest when the company in question has experienced transactions within the past 180 days. Over the last half-year time frame, Clean Energy Fuels Corp (NASDAQ:CLNE) has experienced 1 unique insiders purchasing, and 2 insider sales (see the details of insider trades here).

Let’s also examine hedge fund and insider activity in other stocks similar to Clean Energy Fuels Corp (NASDAQ:CLNE). These stocks are Niska Gas Storage Partners LLC (NYSE:NKA), Laclede Group Inc (NYSE:LG), Summit Midstream Partners LP (NYSE:SMLP), PAA Natural Gas Storage, L.P. (NYSE:PNG), and Northwest Natural Gas Co (NYSE:NWN). This group of stocks belong to the gas utilities industry and their market caps resemble CLNE’s market cap.

Company Name # of Hedge Funds # of Insiders Buying # of Insiders Selling
Niska Gas Storage Partners LLC (NYSE:NKA) 1 0 0
Laclede Group Inc (NYSE:LG) 6 0 2
Summit Midstream Partners LP (NYSE:SMLP) 3 0 0
PAA Natural Gas Storage, L.P. (NYSE:PNG) 3 0 0
Northwest Natural Gas Co (NYSE:NWN) 5 0 3

With the results exhibited by Insider Monkey’s research, retail investors must always monitor hedge fund and insider trading activity, and Clean Energy Fuels Corp (NASDAQ:CLNE) 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

The 10 Most Overrated Movies Of All Time by Out-of-Touch Critics

Top 6 Least Expensive Cruise Destinations For 2015 that Will Take You to Paradise

10 States with Lowest Substance Abuse Rates in America

The 14 Most Watched TV Finales Ever

The 10 Best Selling Role Playing Games of All Time for PC

10 Most Influential Papers In Economics

Top 8 Biggest Charities in the US

10 Worst Celebrity Career Moves Ever

Top 10 Best Paid Tennis Stars in the World

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

6 Ways to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

10 Best Places to Visit in Central and South America

The 10 Greatest Empires in History Which Nearly Conquered the World

The 6 Cheapest Boarding Schools In America 2015

5 Clear Reasons LoL is Better than DotA, Continues to Rule MOBAs

The Only 9 Teams with a Chance to Win the Super Bowl

The 15 Most Common Phobias in America that Induce Fits of Panic

Top 6 Least Expensive Tourist Destinations in 2014

Jim Goetz, Peter Fenton, Jim Breyer: Top 6 Venture Investors for 2014

Top 15 Billionaires in 2014

5 Pitfalls To Avoid When Buying a Franchise

Top 20 Medical Schools in the US – 2014 Rankings

4 Business Strategies that Turned Jamie Oliver into the World’s Richest Chef

6 Qualities That Make You A Good Team Player

10 High Paying Seasonal Jobs in America this Holiday Season

The 10 Busiest Shipping Lanes in the World

5 Most Valuable Brands in China

The 10 States with Highest Substance Abuse Rates Crippling Their Populace

The Top 10 Things to Do Before You Die That Will Echo for Eternity

The 10 Best Selling Items on Etsy

Top 10 Things to Do in Tokyo, the Greatest City in the World

10 Mistakes on Social Media that Can Harm You and Will Probably Get You Canned

The 10 Best Cities to Find Jobs in 2014

The 10 Most Controversial Songs Of All Time to Hit (and get Banned from) the Airwaves

The 20 Biggest IPOs in US History

The 10 Best Places to Visit in Mexico that Are Beautiful and Safe

7 Bad Habits that Age You Beyond Your Years

The 40 Best Fortune Cookie Sayings That Will Leave You Bemused, Befuddled, or Beguiled

10 Foods to Eat Before a Workout to Make Every Drop of Sweat Count

The 5 Best Documentaries On Netflix You Must See

The Most Heartwarming and Inspirational Story Of This Halloween Season, It Will Make You Cry and Jump For Joy

10 Best Party Songs of All Time to Bring the House Down With

5 New World Order Conspiracy Theories that Will Strangle the World

The 10 Highest Rated Movies of 2014

The 10 Largest Container Shipping Companies in the World

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!