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. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

On the Move: The 10 Fastest Growing Businesses in 2015

Fast Money: The 10 Highest Paying Fast Food Restaurants

Mixing It Up: The 14 Best Music Mashups of 2014

Rito Pls Buff: The 10 Least Played Champions in LoL Season 4

10 Covers of Popular Songs that are Better than the Originals

Must See TV: The 9 Most Anticipated Shows of 2015

The 15 Biggest Box Office Bombs of All Time

10 Things The World Can’t Stand About Americans

Picture Perfect: The 6 Smartphones with the Best Cameras

The 10 Best Countries To Work In the World

A Profitable Day At The Track: 5 Tips For Betting On Horses

Tearing You Apart: 6 Bad Habits That Ruin Relationships

Learning on the Job: The 6 Biggest Mistakes Parents Make

Shopaholics Rejoice: The 12 Biggest Malls in the World

Fright Night: 10 Horror Movies Based on True Stories

Mach Mania: The 10 Fastest Jets in the World

Military Heavyweights: The 10 Countries with the Most Tanks

All In: The 7 Richest Poker Players in the World

Abracadabra: The 10 Best Magicians in the World

The 10 Richest Asian Countries in the World in 2014

Eyes in the Sky: 10 Things You Need to Know About Drones

Rising Stars: The 6 Best Silicon Valley Startups

Military Muscle: The 5 Most Advanced Armies in South America

All that Glitters: The 7 Most Luxurious Jewelry Brands in the World

5 Things You Didn’t Know About ISIS but Should

Empowering Your Money: The 5 Best Energy Stocks to Invest In

The 11 Best Android Apps You Can’t Get on iOS

The 10 Most Important International Conflicts in 2014

Mood Enhancers: The 20 Most Uplifting Songs of all Time

Lover Beware: The 8 Countries that Cheat the Most

Breath of Fresh Air: The 25 Countries with the Best Air Quality on the Planet

Singles Beware: The 8 Worst Mistakes Made on First Dates

Healthy and Happy: The 10 Countries with Lowest Healthcare Costs

The 6 Best Company Team Building Activities to Build Workplace Camaraderie

Ships Ahoy: The 10 Busiest Shipping Ports in the World

10 Productivity Tips to Save You Time and Help You Do More With Less

Grab a Bite: The Most Popular Fast Food Restaurants in America

Friday Night Thirst: The 10 Most Popular Cocktails in the World

The 6 Greatest Unsolved Mysteries We May Never Figure Out

7 Useless Products You Never Should’ve Bought

The 5 Reasons Why You’re Single and Miserable

The 7 Most Addictive Foods in the World We Can’t Stop Eating (Even Though We Should)

5 Amazing Places You Can Swim with Dolphins

The Top 7 Most Livable Countries In The World

The 10 Most Expensive Baseball Cards Ever Pulled From A Pack

The 5 Easiest Second Languages to Learn for English Speakers

Silver Spoon: The 6 Richest Families in the World

The 20 Countries with the Largest Prison Populations in the World

The Top 10 Richest Actors in the World

The 10 Best Airline Stocks to Invest In Before They Fly Too High

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!