Is First Solar, Inc. (FSLR) Going to Burn These Hedge Funds?

Page 1 of 2

First Solar, Inc. (NASDAQ:FSLR) was in 21 hedge funds’ portfolio at the end of the first quarter of 2013. FSLR has experienced a decrease in hedge fund sentiment of late. There were 22 hedge funds in our database with FSLR positions at the end of the previous quarter.

First Solar, Inc. (NASDAQ:FSLR)

At the moment, there are many gauges market participants can use to track their holdings. Some of the best are hedge fund and insider trading interest. At Insider Monkey, our studies have shown that, historically, those who follow the best picks of the best fund managers can beat the S&P 500 by a very impressive amount (see just how much).

Just as integral, bullish insider trading sentiment is another way to parse down the marketplace. Obviously, there are a number of motivations for an executive to downsize shares of his or her company, but only one, very obvious reason why they would initiate a purchase. Various academic studies have demonstrated the valuable potential of this tactic if piggybackers understand what to do (learn more here).

With these “truths” under our belt, it’s important to take a glance at the latest action encompassing First Solar, Inc. (NASDAQ:FSLR).

What have hedge funds been doing with First Solar, Inc. (NASDAQ:FSLR)?

At Q1′s end, a total of 21 of the hedge funds we track were bullish in this stock, a change of -5% from the first quarter. With the smart money’s positions undergoing their usual ebb and flow, there exists an “upper tier” of key hedge fund managers who were upping their holdings significantly.

When looking at the hedgies we track, Ken Griffin’s Citadel Investment Group had the most valuable position in First Solar, Inc. (NASDAQ:FSLR), worth close to $19.9 million, comprising less than 0.1%% of its total 13F portfolio. Coming in second is Ken Griffin of Citadel Investment Group, with a $13.9 million call position; less than 0.1%% of its 13F portfolio is allocated to the stock. Some other hedge funds that hold long positions include John A. Levin’s Levin Capital Strategies, Cliff Asness’s AQR Capital Management and Wojciech Uzdelewicz’s Espalier Global Management.

Because First Solar, Inc. (NASDAQ:FSLR) has witnessed a declination in interest from the aggregate hedge fund industry, we can see that there were a few fund managers that decided to sell off their positions entirely heading into Q2. At the top of the heap, Philippe Laffont’s Coatue Management dumped the biggest investment of the “upper crust” of funds we key on, totaling close to $60.6 million in stock.. Gilchrist Berg’s fund, Water Street Capital, also dropped its call options., about $31.2 million worth. These bearish behaviors are important to note, as aggregate hedge fund interest dropped by 1 funds heading into Q2.

What do corporate executives and insiders think about First Solar, Inc. (NASDAQ:FSLR)?

Bullish insider trading is at its handiest when the primary stock in question has seen transactions within the past 180 days. Over the last six-month time period, First Solar, Inc. (NASDAQ:FSLR) has seen zero 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 First Solar, Inc. (NASDAQ:FSLR). These stocks are SolarCity Corp (NASDAQ:SCTY), Cirrus Logic, Inc. (NASDAQ:CRUS), LSI Corp (NASDAQ:LSI), Silicon Laboratories (NASDAQ:SLAB), and SunPower Corporation (NASDAQ:SPWR). This group of stocks are the members of the semiconductor – specialized industry and their market caps are closest to FSLR’s market cap.

Page 1 of 2
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

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

Top 9 Most Popular Free iPhone Apps

Top 10 Least Expensive Private Business Schools in the US

Top 15 Most Expensive Countries in the World – 2014

Top 6 Tax Scams and How to Protect Yourself

Top Businesses to Invest In

Top 5 Things You Might Be Doing Wrong With Your Business

Top 5 Strategic Technology Trends in 2014

Top Rags to Riches Stories

Parenting Behavior That Promotes Future Leaders

Top 5 Mistakes Made by Small Businesses

Top 5 Most Common and Potentially Devastating Financial Blunders

Top 5 Highest Paying Jobs for Web Designers

Top 6 Most Respected Professions that Also Pay Well

Top 5 Pitfalls Investors Should Avoid

Top 6 Lawyers and Policy Makers Under 30

Top 6 New Year’s Resolutions for Entrepreneurs

Top 7 Locations to Check in on Facebook

Top 5 Mistakes made by Rookie eBay Sellers

Top 7 eBook Publishers in 2013

Top 6 Health Industry Trends in 2014

5 Lessons for Entrepreneurs from Seth Godin

Top 5 Success Tips from Jordan Belfort – the Wolf of Wall Street

Best Master’s in Finance Degree Programs

Top 6 Earning Celebrities Over 50

The most expensive sports to play

Top 7 Earning Celebrities Under 25

Best 7 Online Courses to Take: Free Finance MOOCs

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!