Is Qlik Technologies Inc (NASDAQ:QLIK) Going to Burn These Hedge Funds?

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.

Qlik Technologies Inc (NASDAQ:QLIK)

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.

Click here to learn more about Insider Monkey’s Hedge Fund Newsletter

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.

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

6 Ways to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

10 Best Places to Visit in Central and South America

The 10 Greatest Empires in History Which Nearly Conquered the World

The 6 Cheapest Boarding Schools In America 2015

5 Clear Reasons LoL is Better than DotA, Continues to Rule MOBAs

The Only 9 Teams with a Chance to Win the Super Bowl

The 15 Most Common Phobias in America that Induce Fits of Panic

Top 6 Least Expensive Tourist Destinations in 2014

Jim Goetz, Peter Fenton, Jim Breyer: Top 6 Venture Investors for 2014

Top 15 Billionaires in 2014

5 Pitfalls To Avoid When Buying a Franchise

Top 20 Medical Schools in the US – 2014 Rankings

4 Business Strategies that Turned Jamie Oliver into the World’s Richest Chef

6 Qualities That Make You A Good Team Player

10 High Paying Seasonal Jobs in America this Holiday Season

The 10 Busiest Shipping Lanes in the World

5 Most Valuable Brands in China

The 10 States with Highest Substance Abuse Rates Crippling Their Populace

The Top 10 Things to Do Before You Die That Will Echo for Eternity

The 10 Best Selling Items on Etsy

Top 10 Things to Do in Tokyo, the Greatest City in the World

10 Mistakes on Social Media that Can Harm You and Will Probably Get You Canned

The 10 Best Cities to Find Jobs in 2014

The 10 Most Controversial Songs Of All Time to Hit (and get Banned from) the Airwaves

The 20 Biggest IPOs in US History

The 10 Best Places to Visit in Mexico that Are Beautiful and Safe

7 Bad Habits that Age You Beyond Your Years

The 40 Best Fortune Cookie Sayings That Will Leave You Bemused, Befuddled, or Beguiled

10 Foods to Eat Before a Workout to Make Every Drop of Sweat Count

The 5 Best Documentaries On Netflix You Must See

The Most Heartwarming and Inspirational Story Of This Halloween Season, It Will Make You Cry and Jump For Joy

10 Best Party Songs of All Time to Bring the House Down With

5 New World Order Conspiracy Theories that Will Strangle the World

The 10 Highest Rated Movies of 2014

The 10 Largest Container Shipping Companies in the World

The 10 Largest Armies in the World: Who Should We Be Afraid Of?

Best Warren Buffett Quotes on Money You Need to Hear

The 10 Highest Suicide Rates by Profession

The 20 Most Underrated Movies of All Time

The 10 Fastest Growing Companies in America

The 10 Biggest Outlet Malls in USA

The 5 Most Popular Rap Songs of All Time

The 10 Countries that Eat the Most Meat

The10 Most Expensive Countries to Fly To

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!