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Philippine Long Distance Telephone (ADR) (PHI): Hedge Funds Are Bullish and Insiders Are Undecided, What Should You Do?

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Philippine Long Distance Telephone (ADR) (NYSE:PHI) investors: listen up.

To many traders, hedge funds are viewed as overrated, old financial vehicles of a forgotten age. Although there are In excess of 8,000 hedge funds with their doors open in present day, this site focuses on the moguls of this group, close to 525 funds. It is assumed that this group has its hands on the lion’s share of all hedge funds’ total capital, and by monitoring their best equity investments, we’ve found a few investment strategies that have historically outpaced the market. Our small-cap hedge fund strategy outpaced the S&P 500 index by 18 percentage points annually for a decade in our back tests, and since we’ve began to sharing our picks with our subscribers at the end of August 2012, we have outclassed the S&P 500 index by 33 percentage points in 11 months (find a sample of our picks).

Just as useful, positive insider trading activity is a second way to look at the stock market universe. As the old adage goes: there are a variety of reasons for an upper level exec to downsize shares of his or her company, but only one, very obvious reason why they would buy. Plenty of academic studies have demonstrated the impressive potential of this method if you understand where to look (learn more here).

Philippine Long Distance Telephone (ADR) (NYSE:PHI)

Now that that’s out of the way, it’s important to study the newest info for Philippine Long Distance Telephone (ADR) (NYSE:PHI).

Hedge fund activity in Philippine Long Distance Telephone (ADR) (NYSE:PHI)

Heading into Q3, a total of 9 of the hedge funds we track were long in this stock, a change of 29% from the first quarter. With hedgies’ sentiment swirling, there exists an “upper tier” of noteworthy hedge fund managers who were upping their stakes substantially.

Out of the hedge funds we follow, Jim Simons’s Renaissance Technologies had the biggest position in Philippine Long Distance Telephone (ADR) (NYSE:PHI), worth close to $147.7 million, accounting for 0.4% of its total 13F portfolio. Sitting at the No. 2 spot is First Eagle Investment Management, managed by Matt McLennan, which held a $2.7 million position; less than 0.1%% of its 13F portfolio is allocated to the company. Remaining hedge funds with similar optimism include Israel Englander’s Millennium Management, Jane Mendillo’s Harvard Management Co and Peter Rathjens, Bruce Clarke and John Campbell’s Arrowstreet Capital.

As industrywide interest increased, specific money managers have been driving this bullishness. Renaissance Technologies, managed by Jim Simons, initiated the largest position in Philippine Long Distance Telephone (ADR) (NYSE:PHI). Renaissance Technologies had 147.7 million invested in the company at the end of the quarter. Matt McLennan’s First Eagle Investment Management also made a $2.7 million investment in the stock during the quarter. The other funds with new positions in the stock are Israel Englander’s Millennium Management, Jane Mendillo’s Harvard Management Co, and Peter Rathjens, Bruce Clarke and John Campbell’s Arrowstreet Capital.

Insider trading activity in Philippine Long Distance Telephone (ADR) (NYSE:PHI)

Insider buying is best served when the company we’re looking at has seen transactions within the past half-year. Over the last 180-day time period, Philippine Long Distance Telephone (ADR) (NYSE:PHI) has experienced zero unique insiders buying, and zero insider sales (see the details of insider trades here).

We’ll check out the relationship between both of these indicators in other stocks similar to Philippine Long Distance Telephone (ADR) (NYSE:PHI). These stocks are BT Group plc (ADR) (NYSE:BT), Verisign, Inc. (NASDAQ:VRSN), KT Corporation (ADR) (NYSE:KT), France Telecom SA (ADR) (NYSE:FTE), and PT Telekomunikasi Indonesia (ADR) (NYSE:TLK). All of these stocks are in the telecom services – foreign industry and their market caps are similar to PHI’s market cap.

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