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 Mattel, Inc. (NASDAQ:MAT) for your portfolio? We’ll look to this invaluable collective wisdom for the answer.
Mattel, Inc. (NASDAQ:MAT) was in 18 hedge funds’ portfolios at the end of the third quarter of 2015. MAT has seen a decrease in activity from the world’s largest hedge funds in recent months. There were 23 hedge funds in our database with MAT holdings 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 FMC Technologies, Inc. (NYSE:FTI), Splunk Inc (NASDAQ:SPLK), and Pinnacle West Capital Corporation (NYSE:PNW) to gather more data points.
In today’s marketplace there are a multitude of methods stock traders put to use to analyze publicly traded companies. Some of the best methods are hedge fund and insider trading sentiment. We have shown that, historically, those who follow the top picks of the elite fund managers can outpace the broader indices by a healthy margin (see the details here).
With all of this in mind, we’re going to analyze the key action surrounding Mattel, Inc. (NASDAQ:MAT).
What have hedge funds been doing with Mattel, Inc. (NASDAQ:MAT)?
At Q3’s end, a total of 18 of the hedge funds tracked by Insider Monkey held long positions in this stock, a change of -22% from the second quarter. With hedge funds’ positions undergoing their usual ebb and flow, there exists a select group of key hedge fund managers who were boosting their stakes meaningfully (or already accumulated large positions).
Of the funds tracked by Insider Monkey, JANA Partners, managed by Barry Rosenstein, holds the number one position in Mattel, Inc. (NASDAQ:MAT). JANA Partners has a $196.1 million position in the stock, comprising 2.2% of its 13F portfolio. Coming in second is Andrew Feldstein and Stephen Siderow of Blue Mountain Capital, with a $52.9 million position; the fund has 1% of its 13F portfolio invested in the stock. Other peers that hold long positions contain Tom Gayner’s Markel Gayner Asset Management, Phill Gross and Robert Atchinson’s Adage Capital Management and Alec Litowitz and Ross Laser’s Magnetar Capital.