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Is Koninklijke Philips NV (ADR) (PHG) a Good Stock to Buy?

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Insider Monkey finished processing more than 700 13F filings made by hedge funds and prominent investors. These filings show these funds’ portfolio positions as of September 30. What do these smart investors think about Koninklijke Philips NV (ADR) (NYSE:PHG)?

Koninklijke Philips NV (ADR) (NYSE:PHG) shareholders have witnessed a decrease in enthusiasm from smart money lately. PHG was in 10 hedge funds’ portfolios at the end of the third quarter of 2016. There were 14 hedge funds in our database with PHG positions at the end of the previous quarter. At the end of this article we will also compare PHG to other stocks including Tyson Foods, Inc. (NYSE:TSN), CRH PLC (ADR) (NYSE:CRH), and Royal Bank of Scotland Group plc (ADR) (NYSE:RBS) to get a better sense of its popularity.

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At Insider Monkey, we’ve developed an investment strategy that has delivered market-beating returns over the past 12 months. Our strategy identifies the 100 best-performing funds of the previous quarter from among the collection of 700+ successful funds that we track in our database, which we accomplish using our returns methodology. We then study the portfolios of those 100 funds using the latest 13F data to uncover the 30 most popular mid-cap stocks (market caps of between $1 billion and $10 billion) among them to hold until the next filing period. This strategy delivered 18% gains over the past 12 months, more than doubling the 8% returns enjoyed by the S&P 500 ETFs.

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Hedge fund activity in Koninklijke Philips NV (ADR) (NYSE:PHG)

At the end of the third quarter, a total of 10 of the hedge funds tracked by Insider Monkey held long positions in this stock, down by 29% from one quarter earlier. On the other hand, there were a total of 10 hedge funds with a bullish position in PHG at the beginning of this year. So, let’s check out which hedge funds were among the top holders of the stock and which hedge funds were making big moves.

PHG
When looking at the institutional investors followed by Insider Monkey, Peter Rathjens, Bruce Clarke and John Campbell’s Arrowstreet Capital has the biggest position in Koninklijke Philips NV (ADR) (NYSE:PHG), worth close to $77.8 million. The second largest stake is held by Renaissance Technologies, one of the largest hedge funds in the world, which holds a $51 million position. Some other professional money managers with similar optimism encompass John A. Levin’s Levin Capital Strategies, Michael Castor’s Sio Capital and Ed Beddow and William Tichy’s Beddow Capital Management. We should note that none of these hedge funds are among our list of the 100 best performing hedge funds which is based on the performance of their 13F long positions in non-microcap stocks.

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