We at Insider Monkey have gone over 700 13F filings that hedge funds and prominent investors are required to file by the government. The 13F filings show the funds’ and investors’ portfolio positions as of September 30. In this article, we look at what those funds think of Fuel Systems Solutions, Inc. (NASDAQ:FSYS) based on that data.
Is Fuel Systems Solutions going to take off soon? Hedge funds are getting less optimistic. The number of long hedge fund bets shrunk by 3 in recent months. FSYS was in 5 hedge funds’ portfolios at the end of the third quarter of 2015. There were 8 hedge funds in our database with FSYS 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 Atlantic Coast Financial Corp (NASDAQ:ACFC), PharmAthene, Inc. (NYSEAMEX:PIP), and OHA Investment Corp (NASDAQ:OHAI) to gather more data points.
Today there are several tools stock market investors employ to assess their holdings. A couple of the less utilized tools are hedge fund and insider trading signals. Our experts have shown that, historically, those who follow the best picks of the top investment managers can trounce the broader indices by a healthy margin (see the details here).
Now, let’s check out the key action encompassing Fuel Systems Solutions, Inc. (NASDAQ:FSYS).
What have hedge funds been doing with Fuel Systems Solutions, Inc. (NASDAQ:FSYS)?
Heading into Q4, a total of 5 of the hedge funds tracked by Insider Monkey held long positions in this stock, a change of -38% from the previous quarter. With hedge funds’ sentiment swirling, there exists a select group of notable hedge fund managers who were boosting their stakes considerably (or already accumulated large positions).
According to publicly available hedge fund and institutional investor holdings data compiled by Insider Monkey, Matthew Drapkin and Steven R. Becker’s Becker Drapkin Management has the number one position in Fuel Systems Solutions, Inc. (NASDAQ:FSYS), worth close to $9.2 million, comprising 10.2% of its total 13F portfolio. Coming in second is Royce & Associates, managed by Chuck Royce, which holds a $5.5 million position; less than 0.1%% of its 13F portfolio is allocated to the company. Some other peers that are bullish comprise Jim Simons’ Renaissance Technologies, Israel Englander’s Millennium Management and Ken Griffin’s Citadel Investment Group.