Is Trustmark Corp (TRMK) Going to Burn These Hedge Funds?

Page 1 of 2

Trustmark Corp (NASDAQ:TRMK) was in 6 hedge funds’ portfolio at the end of the first quarter of 2013. TRMK has experienced a decrease in activity from the world’s largest hedge funds recently. There were 6 hedge funds in our database with TRMK positions at the end of the previous quarter.

To most shareholders, hedge funds are viewed as unimportant, old financial vehicles of yesteryear. While there are over 8000 funds trading at present, we choose to focus on the aristocrats of this club, close to 450 funds. It is widely believed that this group oversees the majority of the smart money’s total asset base, and by watching their best picks, we have uncovered a few investment strategies that have historically outpaced the market. Our small-cap hedge fund strategy beat the S&P 500 index by 18 percentage points per annum 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 trumped the S&P 500 index by 23.3 percentage points in 8 months (see the details here).

Just as important, positive insider trading sentiment is another way to break down the world of equities. Just as you’d expect, there are a number of stimuli for a bullish insider to cut shares of his or her company, but just one, very simple reason why they would behave bullishly. Plenty of empirical studies have demonstrated the market-beating potential of this strategy if you understand what to do (learn more here).

Keeping this in mind, we’re going to take a glance at the key action regarding Trustmark Corp (NASDAQ:TRMK).

What have hedge funds been doing with Trustmark Corp (NASDAQ:TRMK)?

In preparation for this quarter, a total of 6 of the hedge funds we track were long in this stock, a change of 0% from one quarter earlier. With the smart money’s capital changing hands, there exists a few notable hedge fund managers who were boosting their stakes meaningfully.

Trustmark Corp (NASDAQ:TRMK)Of the funds we track, Chuck Royce’s Royce & Associates had the biggest position in Trustmark Corp (NASDAQ:TRMK), worth close to $14.5 million, accounting for less than 0.1%% of its total 13F portfolio. On Royce & Associates’s heels is Citadel Investment Group, managed by Ken Griffin, which held a $2.3 million position; less than 0.1%% of its 13F portfolio is allocated to the company. Some other peers that are bullish include Israel Englander’s Millennium Management, Cliff Asness’s AQR Capital Management and Paul Tudor Jones’s Tudor Investment Corp.

Judging by the fact that Trustmark Corp (NASDAQ:TRMK) has experienced a declination in interest from the aggregate hedge fund industry, we can see that there lies a certain “tier” of money managers who were dropping their entire stakes in Q1. Intriguingly, Jim Simons’s Renaissance Technologies dumped the largest position of the 450+ funds we monitor, comprising close to $2 million in stock., and D. E. Shaw of D E Shaw was right behind this move, as the fund dumped about $0.7 million worth. These bearish behaviors are intriguing to say the least, as total hedge fund interest stayed the same (this is a bearish signal in our experience).

How have insiders been trading Trustmark Corp (NASDAQ:TRMK)?

Insider trading activity, especially when it’s bullish, is particularly usable when the company in question has experienced transactions within the past 180 days. Over the latest six-month time frame, Trustmark Corp (NASDAQ:TRMK) has seen zero unique insiders buying, and 3 insider sales (see the details of insider trades here).

Let’s check out hedge fund and insider activity in other stocks similar to Trustmark Corp (NASDAQ:TRMK). These stocks are IBERIABANK Corporation (NASDAQ:IBKC), EverBank Financial Corp (NYSE:EVER), BancorpSouth, Inc. (NYSE:BXS), Bank Of The Ozarks Inc (NASDAQ:OZRK), and F.N.B. Corp (NYSE:FNB). All of these stocks are in the regional – southeast banks industry and their market caps match TRMK’s market cap.

Page 1 of 2
Comments
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!