Qlik Technologies Inc (NASDAQ:QLIK) was in 18 hedge funds’ portfolio at the end of the fourth quarter of 2012. QLIK investors should pay attention to a decrease in activity from the world’s largest hedge funds recently. There were 23 hedge funds in our database with QLIK positions at the end of the previous quarter.
According to most market participants, hedge funds are seen as worthless, old financial tools of yesteryear. While there are over 8000 funds in operation today, we choose to focus on the elite of this group, close to 450 funds. Most estimates calculate that this group has its hands on the majority of the hedge fund industry’s total asset base, and by tracking their best picks, we have deciphered a few investment strategies that have historically outstripped the broader indices. Our small-cap hedge fund strategy outperformed the S&P 500 index by 18 percentage points a year for a decade in our back tests, and since we’ve started sharing our picks with our subscribers at the end of August 2012, we have beaten the S&P 500 index by 25 percentage points in 6.5 month (see all of our picks from August).
Equally as key, positive insider trading sentiment is another way to break down the world of equities. Obviously, there are many motivations for an executive to cut shares of his or her company, but just one, very obvious reason why they would buy. Several empirical studies have demonstrated the market-beating potential of this method if investors understand what to do (learn more here).
Keeping this in mind, we’re going to take a peek at the recent action regarding Qlik Technologies Inc (NASDAQ:QLIK).
What does the smart money think about Qlik Technologies Inc (NASDAQ:QLIK)?
At the end of the fourth quarter, a total of 18 of the hedge funds we track held long positions in this stock, a change of -22% from the previous quarter. With the smart money’s positions undergoing their usual ebb and flow, there exists a few key hedge fund managers who were increasing their stakes substantially.
Of the funds we track, Lee Ainslie’s Maverick Capital had the largest position in Qlik Technologies Inc (NASDAQ:QLIK), worth close to $49 million, accounting for 0.7% of its total 13F portfolio. The second largest stake is held by Citadel Investment Group, managed by Ken Griffin, which held a $48 million position; 0.7% of its 13F portfolio is allocated to the stock. Other peers that are bullish include Steven Cohen’s SAC Capital Advisors, George Soros’s Soros Fund Management and John Murphy’s Alydar Capital.
Because Qlik Technologies Inc (NASDAQ:QLIK) has witnessed falling interest from the smart money, we can see that there exists a select few hedge funds that elected to cut their positions entirely at the end of the year. Interestingly, James Dinan’s York Capital Management sold off the largest investment of all the hedgies we monitor, comprising close to $26 million in stock., and Panayotis æTakisÆ Sparaggis of Alkeon Capital Management was right behind this move, as the fund dropped about $21 million worth. These bearish behaviors are interesting, as total hedge fund interest was cut by 5 funds at the end of the year.
What do corporate executives and insiders think about Qlik Technologies Inc (NASDAQ:QLIK)?
Bullish insider trading is best served when the primary stock in question has experienced transactions within the past half-year. Over the last 180-day time frame, Qlik Technologies Inc (NASDAQ:QLIK) has experienced zero unique insiders buying, and 5 insider sales (see the details of insider trades here).
With the returns demonstrated by our time-tested strategies, everyday investors should always keep an eye on hedge fund and insider trading sentiment, and Qlik Technologies Inc (NASDAQ:QLIK) is no exception.
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.