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Is Vornado Realty Trust (NYSE:VNO) Going to Burn These Hedge Funds?

Vornado Realty Trust: A High Yielding Office Space For YouVornado Realty Trust (NYSE:VNO) was in 17 hedge funds’ portfolio at the end of the fourth quarter of 2012. VNO has experienced a decrease in hedge fund interest of late. There were 17 hedge funds in our database with VNO holdings at the end of the previous quarter.

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Now, we’re going to take a peek at the key action regarding Vornado Realty Trust (NYSE:VNO).

What does the smart money think about Vornado Realty Trust (NYSE:VNO)?

At year’s end, a total of 17 of the hedge funds we track held long positions in this stock, a change of 0% from one quarter earlier. With the smart money’s positions undergoing their usual ebb and flow, there exists an “upper tier” of noteworthy hedge fund managers who were boosting their holdings significantly.

When looking at the hedgies we track, AEW Capital Management, managed by Jeffrey Furber, holds the biggest position in Vornado Realty Trust (NYSE:VNO). AEW Capital Management has a $137 million position in the stock, comprising 3.6% of its 13F portfolio. The second largest stake is held by Third Avenue Management, managed by Martin Whitman, which held a $53 million position; 0.2% of its 13F portfolio is allocated to the stock. Some other hedge funds with similar optimism include Mason Hawkins’s Southeastern Asset Management, Phill Gross and Robert Atchinson’s Adage Capital Management and D. E. Shaw’s D E Shaw.

Since Vornado Realty Trust (NYSE:VNO) has experienced declining sentiment from the aggregate hedge fund industry, it’s easy to see that there exists a select few money managers that elected to cut their positions entirely at the end of the year. It’s worth mentioning that Steven Cohen’s SAC Capital Advisors cut the largest position of all the hedgies we watch, valued at an estimated $5 million in stock.. David Harding’s fund, Winton Capital Management, also dumped its stock, about $3 million worth. These transactions are intriguing to say the least, as aggregate hedge fund interest stayed the same (this is a bearish signal in our experience).

Insider trading activity in Vornado Realty Trust (NYSE:VNO)

Insider purchases made by high-level executives is best served when the primary stock in question has seen transactions within the past six months. Over the last half-year time frame, Vornado Realty Trust (NYSE:VNO) has experienced zero unique insiders purchasing, and 3 insider sales (see the details of insider trades here).

With the returns shown by Insider Monkey’s tactics, retail investors must always keep an eye on hedge fund and insider trading sentiment, and Vornado Realty Trust (NYSE:VNO) is an important part of this process.

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

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