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Mentor Graphics Corp (MENT): Are Hedge Funds Right About This Stock?

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Billionaire hedge fund managers such as Steve Cohen and Stan Druckenmiller can generate millions or even billions of dollars every year by pinning down high-potential small-cap stocks and pouring cash into these candidates. Small-cap stocks are overlooked by most investors, brokerage houses, and financial services hubs, while the unlimited research abilities of the big players within the hedge fund industry can easily identify the undervalued and high-potential stocks that reside the ignored corners of equity markets. There are numerous small-cap stocks that have turned out to be great winners, which is one of the main reasons the Insider Monkey team pays close attention to the hedge fund activity in relation to these stocks.

Mentor Graphics Corp (NASDAQ:MENT) investors should pay attention to an increase in enthusiasm from smart money in recent months. At the end of this article we will also compare MENT to other stocks including Franks International NV (NYSE:FI), National General Holdings Corp (NASDAQ:NGHC), and South Jersey Industries Inc (NYSE:SJI) to get a better sense of its popularity.

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Now, we’re going to take a look at the fresh action regarding Mentor Graphics Corp (NASDAQ:MENT).

Hedge fund activity in Mentor Graphics Corp (NASDAQ:MENT)

At Q3’s end, a total of 35 of the hedge funds tracked by Insider Monkey held long positions in this stock, a change of 13% from the second quarter of 2016. With hedge funds’ sentiment swirling, there exists a few noteworthy hedge fund managers who were boosting their stakes substantially (or already accumulated large positions).

HedgeFundSentimentChart

According to Insider Monkey’s hedge fund database, Elliott Management, managed by Paul Singer, holds the most valuable position in Mentor Graphics Corp (NASDAQ:MENT). Elliott Management has a $127.6 million position in the stock, comprising 1% of its 13F portfolio. Coming in second is AQR Capital Management, led by Cliff Asness, holding a $53.4 million position; the fund has 0.1% of its 13F portfolio invested in the stock. Some other professional money managers with similar optimism contain Ken Fisher’s Fisher Asset Management and Clint Carlson’s Carlson Capital.

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