The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. We have processed the filings of the more than 700 world-class investment firms that we track and now have access to the collective wisdom contained in these filings, which are based on their September 30 holdings, data that is available nowhere else. Should you consider Huntington Bancshares Incorporated (NASDAQ:HBAN) for your portfolio? We’ll look to this invaluable collective wisdom for the answer.
Huntington Bancshares Incorporated (NASDAQ:HBAN) investors should be aware of a decrease in enthusiasm from smart money in recent months. 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 Newmont Mining Corp (NYSE:NEM), Vantiv Inc (NYSE:VNTV), and Computer Sciences Corporation (NYSE:CSC) to gather more data points.
In the 21st century investor’s toolkit there are plenty of indicators market participants use to appraise their holdings. A pair of the most under-the-radar indicators are hedge fund and insider trading activity. Our experts have shown that, historically, those who follow the top picks of the best investment managers can beat the market by a significant margin (see the details here).
Keeping this in mind, let’s take a peek at the fresh action regarding Huntington Bancshares Incorporated (NASDAQ:HBAN).
Hedge fund activity in Huntington Bancshares Incorporated (NASDAQ:HBAN)
At the end of the third quarter, a total of 20 of the hedge funds tracked by Insider Monkey held long positions in this stock, a change of -17% from one quarter earlier. With hedge funds’ positions undergoing their usual ebb and flow, there exists a select group of notable hedge fund managers who were boosting their stakes meaningfully (or already accumulated large positions).
When looking at the institutional investors followed by Insider Monkey, Cliff Asness’ AQR Capital Management has the biggest position in Huntington Bancshares Incorporated (NASDAQ:HBAN), worth close to $51 million, amounting to 0.1% of its total 13F portfolio. Coming in second is Winton Capital Management, managed by David Harding, which holds a $29.6 million position; the fund has 0.2% of its 13F portfolio invested in the stock. Other members of the smart money that hold long positions encompass Phill Gross and Robert Atchinson’s Adage Capital Management, Matthew Lindenbaum’s Basswood Capital and Matthew Tewksbury’s Stevens Capital Management.