Qihoo 360 Technology Co Ltd (QIHU): What’s The Smart Money Think?

Page 1 of 2

Qihoo 360 Technology Co Ltd (NYSE:QIHU) shareholders have witnessed a decrease in enthusiasm from smart money lately.

If you’d ask most market participants, hedge funds are perceived as underperforming, outdated investment vehicles of the past. While there are more than 8000 funds in operation at present, we at Insider Monkey hone in on the crème de la crème of this club, close to 450 funds. It is widely believed that this group oversees the majority of all hedge funds’ total asset base, and by watching their best picks, we have brought to light a few investment strategies that have historically outperformed Mr. Market. Our small-cap hedge fund strategy outstripped the S&P 500 index by 18 percentage points per annum 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 beaten the S&P 500 index by 24 percentage points in 7 months (explore the details and some picks here).

Qihoo 360 Technology

Just as key, bullish insider trading sentiment is another way to parse down the world of equities. Just as you’d expect, there are a number of stimuli for an insider to get rid of shares of his or her company, but only one, very clear reason why they would behave bullishly. Several academic studies have demonstrated the valuable potential of this tactic if piggybackers understand where to look (learn more here).

Consequently, it’s important to take a glance at the key action encompassing Qihoo 360 Technology Co Ltd (NYSE:QIHU).

How are hedge funds trading Qihoo 360 Technology Co Ltd (NYSE:QIHU)?

At year’s end, a total of 16 of the hedge funds we track were long in this stock, a change of -20% from the third quarter. With hedgies’ positions undergoing their usual ebb and flow, there exists a select group of notable hedge fund managers who were upping their holdings meaningfully.

According to our comprehensive database, Emerging Sovereign Group, managed by J Kevin Kenny Jr, holds the biggest position in Qihoo 360 Technology Co Ltd (NYSE:QIHU). Emerging Sovereign Group has a $38 million position in the stock, comprising 3.9% of its 13F portfolio. Sitting at the No. 2 spot is Citadel Investment Group, managed by Ken Griffin, which held a $28.2 million position; less than 0.1%% of its 13F portfolio is allocated to the company. Remaining hedgies that are bullish include Rob Citrone’s Discovery Capital Management, Donald Chiboucis’s Columbus Circle Investors and SAC Subsidiary’s CR Intrinsic Investors.

Because Qihoo 360 Technology Co Ltd (NYSE:QIHU) has experienced a declination in interest from hedge fund managers, it’s safe to say that there were a few hedge funds who were dropping their positions entirely heading into 2013. Interestingly, John Thaler’s JAT Capital Management said goodbye to the largest position of the 450+ funds we monitor, valued at close to $19.9 million in stock., and Richard Schimel of Diamondback Capital was right behind this move, as the fund cut about $10.2 million worth. These transactions are important to note, as aggregate hedge fund interest fell by 4 funds heading into 2013.

What have insiders been doing with Qihoo 360 Technology Co Ltd (NYSE:QIHU)?

Insider trading activity, especially when it’s bullish, is best served when the company we’re looking at has seen transactions within the past six months. Over the latest 180-day time frame, Qihoo 360 Technology Co Ltd (NYSE:QIHU) has seen zero unique insiders buying, and zero insider sales (see the details of insider trades here).

Let’s also examine hedge fund and insider activity in other stocks similar to Qihoo 360 Technology Co Ltd (NYSE:QIHU). These stocks are Sify Technologies Limited (ADR) (NASDAQ:SIFY), Trulia Inc (NYSE:TRLA), Internet Initiative Japan Inc. (ADR) (NASDAQ:IIJI), and Vipshop Holdings Ltd – ADR (NYSE:VIPS). This group of stocks are in the internet service providers industry and their market caps match QIHU’s market cap.

Page 1 of 2
blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

6 Movies That You Should Watch to Better Understand The Cold War

Top 15 Best Paying Jobs for Women in 2014

Top 6 Things Rich People Do Differently Every Day

5 Retirement Mistakes To Avoid (and Einstein’s Famous Quote)

11 Smartest People in the World

6 Films About the Financial World You Need To Watch (While “The Wolf” is Not Around)

Warren Buffett and Billionaires Are Crazy About These 7 Stocks

The Top 10 States With Fastest Internet Speeds

10 Best Places to Visit in USA in August

Top 10 Cities to Visit Before You Die

Top 10 Genetically Modified Food In the US

15 Highest Grossing Movies Opening Weekend

5 Best Poker Books For Beginners

10 Strategies Hedge Funds Use to Make Huge Returns

Top 10 Fast Food Franchises to Buy

10 Best Places to Visit in Canada

Best Summer Jobs for Teachers

10 Youngest Hedge Fund Billionaires

Top 10 One Hit Wonders of the 90s

Fastest Growing Cities In America

Top 10 U.S. Cities for Freelancers

Top 9 Most Popular Free iPhone Apps

Top 10 Least Expensive Private Business Schools in the US

Top 15 Most Expensive Countries in the World – 2014

Top 6 Tax Scams and How to Protect Yourself

Top Businesses to Invest In

Top 5 Things You Might Be Doing Wrong With Your Business

Top 5 Strategic Technology Trends in 2014

Top Rags to Riches Stories

Parenting Behavior That Promotes Future Leaders

Top 5 Mistakes Made by Small Businesses

Top 5 Most Common and Potentially Devastating Financial Blunders

Top 5 Highest Paying Jobs for Web Designers

Top 6 Most Respected Professions that Also Pay Well

Top 5 Pitfalls Investors Should Avoid

Top 6 Lawyers and Policy Makers Under 30

Top 6 New Year’s Resolutions for Entrepreneurs

Top 7 Locations to Check in on Facebook

Top 5 Mistakes made by Rookie eBay Sellers

Top 7 eBook Publishers in 2013

Top 6 Health Industry Trends in 2014

5 Lessons for Entrepreneurs from Seth Godin

Top 5 Success Tips from Jordan Belfort – the Wolf of Wall Street

Best Master’s in Finance Degree Programs

Top 6 Earning Celebrities Over 50

The most expensive sports to play

Top 7 Earning Celebrities Under 25

Best 7 Online Courses to Take: Free Finance MOOCs

Top 6 Bad Habits that Promote Failure

20 Most Valuable Soccer Teams in the World in 2013

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!