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Is CNH Industrial NV (CNHI) the Right Stock for Your Portfolio?

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At Insider Monkey we follow around 740 of the top investors and even though many of them underperformed the raging bull market, history teaches us that over the long-run they still manage to beat the market after adjusting for risk, which is why it can be profitable for us to imitate their activity. Of course, even the best money managers can sometimes get it wrong, but following their best picks gives us a better chance to outperform the crowd than picking a random stock and this is where our research comes in.

CNH Industrial NV (NYSE:CNHI) has seen a decrease in hedge fund interest in recent months. CNHI was in 15 hedge funds’ portfolios at the end of September. There were 16 hedge funds in our database with CNHI 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 Kansas City Southern (NYSE:KSU), Restaurant Brands International Inc (NYSE:QSR), and LKQ Corporation (NASDAQ:LKQ) to gather more data points.

At Insider Monkey, we’ve developed an investment strategy that has delivered market-beating returns over the past 12 months. Our strategy identifies the 100 best-performing funds of the previous quarter from among the collection of 700+ successful funds that we track in our database, which we accomplish using our returns methodology. We then study the portfolios of those 100 funds using the latest 13F data to uncover the 30 most popular mid-cap stocks (market caps of between $1 billion and $10 billion) among them to hold until the next filing period. This strategy delivered 18% gains over the past 12 months, more than doubling the 8% returns enjoyed by the S&P 500 ETFs.

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What does the smart money think about CNH Industrial NV (NYSE:CNHI)?

At Q3’s end, a total of 15 of the hedge funds tracked by Insider Monkey were bullish on this stock, a 6% dip from one quarter earlier. Below, you can check out the change in hedge fund sentiment towards CNHI over the last 5 quarters, which has risen slightly during that time. So, let’s see which hedge funds were among the top holders of the stock and which hedge funds were making big moves.
CHNI
Of the funds tracked by Insider Monkey, Mason Hawkins’ Southeastern Asset Management has the biggest position in CNH Industrial NV (NYSE:CNHI), worth close to $248.3 million, amounting to 2.4% of its total 13F portfolio. The second largest stake is held by Orbis Investment Management, led by William B. Gray, holding a $85.8 million position. Other members of the smart money with similar optimism comprise Mario Gabelli’s GAMCO Investors, Renaissance Technologies, one of the largest hedge funds in the world, and Martin Whitman’s Third Avenue Management. We should note that two of these hedge funds (Southeastern Asset Management and Orbis Investment Management) are among our list of the 100 best performing hedge funds which is based on the performance of their 13F long positions in non-micro-cap stocks.

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