Investing in small cap stocks has historically been a way to outperform the market, as small cap companies typically grow faster on average than the blue chips. That outperformance comes with a price, however, as there are occasional periods of higher volatility. The time period between June 25 and the end of October was one of those periods, as the Russell 2000 ETF (IWM) has underperformed the larger S&P 500 ETF (SPY) by more than 14 percentage points. Given that the funds we track tend to have a disproportionate amount of their portfolios in smaller cap stocks, they have seen some volatility in their portfolios too. Actually their moves are potentially one of the factors that contributed to this volatility. In this article, we use our extensive database of hedge fund holdings to find out what the smart money thinks of Hilton Worldwide Holdings Inc (NYSE:HLT).
Hedge fund interest in Hilton Worldwide Holdings Inc (NYSE:HLT) shares was flat at the end of last quarter. This is usually a negative indicator. At the end of this article we will also compare HLT to other stocks including Discover Financial Services (NYSE:DFS), Waste Management, Inc. (NYSE:WM), and Activision Blizzard, Inc. (NASDAQ:ATVI) to get a better sense of its popularity.
In the 21st-century investor’s toolkit, there are many methods stock traders have at their disposal to analyze their stock investments. Two of the less utilized methods are hedge fund and insider trading signals. Our researchers have shown that, historically, those who follow the top picks of the top hedge fund managers can outpace their index-focused peers by a superb margin (see the details here).
Now, we’re going to view the latest action surrounding Hilton Worldwide Holdings Inc (NYSE:HLT).
Hedge fund activity in Hilton Worldwide Holdings Inc (NYSE:HLT)
Heading into Q4, a total of 51 of the hedge funds tracked by Insider Monkey held long positions in this stock, a change of 0% from the previous quarter. With the smart money’s positions undergoing their usual ebb and flow, there exist a few noteworthy hedge fund managers who were boosting their stakes considerably (or already accumulated large positions).
When looking at the institutional investors followed by Insider Monkey, Viking Global, managed by Andreas Halvorsen, holds the largest position in Hilton Worldwide Holdings Inc (NYSE:HLT). Viking Global has a $351.6 million position in the stock, comprising 1.3% of its 13F portfolio. On Viking Global’s heels is Clifford Fox of Columbus Circle Investors, with a $113 million position; 0.9% of its 13F portfolio is allocated to the company. Other hedge funds and institutional investors that are bullish encompass John Khoury’s Long Pond Capital, Joshua Friedman and Mitchell Julis’s Canyon Capital Advisors and D. E. Shaw’s D E Shaw.