Insider Monkey has processed numerous 13F filings of hedge funds and famous investors to create an extensive database of hedge fund holdings. The 13F filings show the hedge funds and investors’ positions as of the end of the third quarter. You can find write-ups about an individual hedge fund’s trades on numerous financial news websites. However, in this article we will take a look at their collective moves and analyze what the smart money thinks of Masonite International Corp (NYSE:DOOR) based on that data.
Is Masonite International Corp (NYSE:DOOR) a buy right now? The smart money is becoming hopeful. The number of bullish hedge fund bets improved by 1 lately. The level and the change in hedge fund popularity aren’t the only variables you need to analyze to decipher hedge funds’ perspectives. A stock may witness a boost in popularity, but it may still be less popular than similarly priced stocks. That’s why at the end of this article, we will examine companies such as Copa Holdings, S.A. (NYSE:CPA), Calumet Specialty Products Partners, L.P (NASDAQ:CLMT), and Ambarella Inc (NASDAQ:AMBA) to gather more data points.
In today’s marketplace, there are dozens of metrics market participants have at their disposal to assess publicly traded companies. Two of the most useful metrics are hedge fund and insider trading signals. Our researchers have shown that, historically, those who follow the best picks of the elite fund managers can outperform the broader indices by a superb amount (see the details here).
With all of this in mind, let’s take a peek at the fresh action regarding Masonite International Corp (NYSE:DOOR).
What does the smart money think about Masonite International Corp (NYSE:DOOR)?
At the end of September, a total of 28 of the hedge funds tracked by Insider Monkey were long this stock, a change of 4% from one quarter earlier. With hedgies’ positions undergoing their usual ebb and flow, there exists an “upper tier” of noteworthy hedge fund managers who were increasing their holdings substantially (or already accumulated large positions).
According to Insider Monkey’s hedge fund database, 12 West Capital Management, managed by Joel Ramin, holds the number one position in Masonite International Corp (NYSE:DOOR). 12 West Capital Management has a $136.7 million position in the stock, comprising 19.9% of its 13F portfolio. The second largest stake is held by Citadel Investment Group, managed by Ken Griffin, which holds a $60 million position; the fund has 0.1% of its 13F portfolio invested in the stock. Other members of the smart money that are bullish consist of Phill Gross and Robert Atchinson’s Adage Capital Management, Dinakar Singh’s TPG-AXON Management LP, and Eric Edidin and Josh Lobel’s Archer Capital Management.