John Paulson May Pressure Syngenta AG (SYT) To Sell To Monsanto Company (MON)

What does the smart money think about Syngenta AG (ADR) (NYSE:SYT)?

According to hedge fund intelligence website Insider Monkey, Arrowstreet Capital, managed by Peter Rathjens, Bruce Clarke, and John Campbell, holds the number one position in Syngenta AG (ADR) (NYSE:SYT) as of March 31, owning 553,436 shares for a $37.5 million position in the stock, comprising 0.2% of its 13F portfolio. The second-largest stake is held by Millennium Management, led by Israel Englander, holding a $15.7 million position made up of 231,579 shares; the fund has less than 0.1% of its 13F portfolio invested in the stock. Other peers that hold long positions encompass J. Alan Reid, Jr.’s Forward Management, Ken Fisher’s Fisher Asset Management and Jim Simons’ Renaissance Technologies.

Judging by the fact that Syngenta AG (ADR) (NYSE:SYT) has witnessed falling interest from hedge fund managers, it’s safe to say that there was a specific group of hedge funds that slashed their positions entirely in the first quarter. Intriguingly, Larry Robbins‘ Glenview Capital said goodbye to the largest position of the “upper crust” of funds monitored by Insider Monkey, selling 451,358 shares worth close to $29 million in stock. David E. Shaw’s fund, D.E. Shaw & Co., L.P., also dropped its holding, selling 90,712 shares worth about $5.83 million.

Due to the possibility of activist involvement in the stock and the potential for an acquisition, we recommend buying Syngenta at this time.

Disclosure: None