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Is Hasbro, Inc. (NASDAQ:HAS) Going to Burn These Hedge Funds?

Hasbro, Inc. (NASDAQ:HAS) investors should be aware of an increase in activity from the world’s largest hedge funds in recent months.

Hasbro, Inc. (NASDAQ:HAS)

In the financial world, there are tons of methods market participants can use to watch stocks. A pair of the most under-the-radar are hedge fund and insider trading sentiment. At Insider Monkey, our research analyses have shown that, historically, those who follow the best picks of the top hedge fund managers can beat the broader indices by a superb margin (see just how much).

Just as beneficial, bullish insider trading sentiment is a second way to parse down the marketplace. Obviously, there are lots of stimuli for a bullish insider to get rid of shares of his or her company, but just one, very clear reason why they would behave bullishly. Plenty of empirical studies have demonstrated the valuable potential of this tactic if you understand where to look (learn more here).

Consequently, it’s important to take a glance at the latest action regarding Hasbro, Inc. (NASDAQ:HAS).

What have hedge funds been doing with Hasbro, Inc. (NASDAQ:HAS)?

At year’s end, a total of 15 of the hedge funds we track held long positions in this stock, a change of 25% from one quarter earlier. With the smart money’s capital changing hands, there exists a select group of noteworthy hedge fund managers who were upping their stakes significantly.

When looking at the hedgies we track, Tom Russo’s Gardner Russo & Gardner had the most valuable position in Hasbro, Inc. (NASDAQ:HAS), worth close to $31 million, accounting for 0.4% of its total 13F portfolio. On Gardner Russo & Gardner’s heels is Millennium Management, managed by Israel Englander, which held a $13 million position; 0% of its 13F portfolio is allocated to the company. Some other hedgies that hold long positions include Cliff Asness’s AQR Capital Management, and Boaz Weinstein’s Saba Capital.

As aggregate interest increased, key money managers have jumped into Hasbro, Inc. (NASDAQ:HAS) headfirst. Arrowstreet Capital, managed by Peter Rathjens, Bruce Clarke and John Campbell, created the most valuable position in Hasbro, Inc. (NASDAQ:HAS). Arrowstreet Capital had 1 million invested in the company at the end of the quarter. Ken Griffin’s Citadel Investment Group also initiated a $0 million position during the quarter. The other funds with brand new HAS positions are Paul Tudor Jones’s Tudor Investment Corp, Joe DiMenna’s ZWEIG DIMENNA PARTNERS, and D. E. Shaw’s D E Shaw.

Insider trading activity in Hasbro, Inc. (NASDAQ:HAS)

Bullish insider trading is at its handiest when the company in focus has experienced transactions within the past half-year. Over the last half-year time frame, Hasbro, Inc. (NASDAQ:HAS) has experienced zero unique insiders buying, and 7 insider sales (see the details of insider trades here).

With the returns demonstrated by Insider Monkey’s strategies, retail investors must always keep an eye on hedge fund and insider trading activity, and Hasbro, Inc. (NASDAQ:HAS) is an important part of this process.

Click here to learn more about Insider Monkey’s Hedge Fund Newsletter

Insider Monkey’s small-cap strategy returned 29.2% between September 2012 and February 2013 versus 8.7% for the S&P 500 index. Try it now by clicking the link above.

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