Sasol Limited (ADR) (SSL): Insiders Aren’t Crazy About It

Page 1 of 2

Is Sasol Limited (ADR) (NYSE:SSL) the right investment to pursue these days? The best stock pickers are taking a pessimistic view. The number of long hedge fund positions dropped by 2 lately.

Sasol Limited (ADR) (NYSE:SSL)

To most market participants, hedge funds are perceived as slow, outdated financial tools of the past. While there are greater than 8000 funds in operation today, we hone in on the elite of this club, close to 450 funds. It is widely believed that this group oversees most of the smart money’s total capital, and by keeping an eye on their best equity investments, we have formulated a number of investment strategies that have historically beaten the S&P 500 index. Our small-cap hedge fund strategy outperformed 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 trumped the S&P 500 index by 23.3 percentage points in 8 months (check out a sample of our picks).

Equally as beneficial, positive insider trading sentiment is a second way to break down the marketplace. Obviously, there are lots of reasons for an upper level exec to sell shares of his or her company, but only one, very clear reason why they would behave bullishly. Various academic studies have demonstrated the impressive potential of this strategy if piggybackers understand what to do (learn more here).

Keeping this in mind, we’re going to take a glance at the latest action encompassing Sasol Limited (ADR) (NYSE:SSL).

How have hedgies been trading Sasol Limited (ADR) (NYSE:SSL)?

At Q1′s end, a total of 6 of the hedge funds we track were long in this stock, a change of -25% from one quarter earlier. With the smart money’s positions undergoing their usual ebb and flow, there exists a select group of key hedge fund managers who were upping their holdings significantly.

When looking at the hedgies we track, Renaissance Technologies, managed by Jim Simons, holds the biggest position in Sasol Limited (ADR) (NYSE:SSL). Renaissance Technologies has a $2 million position in the stock, comprising less than 0.1%% of its 13F portfolio. The second largest stake is held by Cliff Asness of AQR Capital Management, with a $1.5 million position; the fund has less than 0.1%% of its 13F portfolio invested in the stock. Other hedgies that hold long positions include Ken Griffin’s Citadel Investment Group, Bruce Kovner’s Caxton Associates LP and Matthew Hulsizer’s PEAK6 Capital Management.

Due to the fact that Sasol Limited (ADR) (NYSE:SSL) has witnessed declining sentiment from hedge fund managers, it’s safe to say that there was a specific group of money managers that elected to cut their full holdings heading into Q2. Interestingly, Israel Englander’s Millennium Management dumped the largest investment of all the hedgies we key on, valued at close to $3.1 million in stock.. Matthew Tewksbury’s fund, Stevens Capital Management, also dropped its stock, about $1 million worth. These bearish behaviors are important to note, as total hedge fund interest dropped by 2 funds heading into Q2.

How are insiders trading Sasol Limited (ADR) (NYSE:SSL)?

Bullish insider trading is particularly usable when the primary stock in question has experienced transactions within the past six months. Over the last six-month time period, Sasol Limited (ADR) (NYSE:SSL) has experienced zero unique insiders buying, and zero insider sales (see the details of insider trades here).

Let’s go over hedge fund and insider activity in other stocks similar to Sasol Limited (ADR) (NYSE:SSL). These stocks are Eni SpA (ADR) (NYSE:E), Statoil ASA (ADR) (NYSE:STO), ConocoPhillips (NYSE:COP), Occidental Petroleum Corporation (NYSE:OXY), and EnCana Corporation (USA) (NYSE:ECA). All of these stocks are in the major integrated oil & gas industry and their market caps are similar to SSL’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

The 14 Most Watched TV Finales Ever

The 10 Best Selling Role Playing Games of All Time for PC

10 Most Influential Papers In Economics

Top 8 Biggest Charities in the US

10 Worst Celebrity Career Moves Ever

Top 10 Best Paid Tennis Stars in the World

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

6 Ways to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

10 Best Places to Visit in Central and South America

The 10 Greatest Empires in History Which Nearly Conquered the World

The 6 Cheapest Boarding Schools In America 2015

5 Clear Reasons LoL is Better than DotA, Continues to Rule MOBAs

The Only 9 Teams with a Chance to Win the Super Bowl

The 15 Most Common Phobias in America that Induce Fits of Panic

Top 6 Least Expensive Tourist Destinations in 2014

Jim Goetz, Peter Fenton, Jim Breyer: Top 6 Venture Investors for 2014

Top 15 Billionaires in 2014

5 Pitfalls To Avoid When Buying a Franchise

Top 20 Medical Schools in the US – 2014 Rankings

4 Business Strategies that Turned Jamie Oliver into the World’s Richest Chef

6 Qualities That Make You A Good Team Player

10 High Paying Seasonal Jobs in America this Holiday Season

The 10 Busiest Shipping Lanes in the World

5 Most Valuable Brands in China

The 10 States with Highest Substance Abuse Rates Crippling Their Populace

The Top 10 Things to Do Before You Die That Will Echo for Eternity

The 10 Best Selling Items on Etsy

Top 10 Things to Do in Tokyo, the Greatest City in the World

10 Mistakes on Social Media that Can Harm You and Will Probably Get You Canned

The 10 Best Cities to Find Jobs in 2014

The 10 Most Controversial Songs Of All Time to Hit (and get Banned from) the Airwaves

The 20 Biggest IPOs in US History

The 10 Best Places to Visit in Mexico that Are Beautiful and Safe

7 Bad Habits that Age You Beyond Your Years

The 40 Best Fortune Cookie Sayings That Will Leave You Bemused, Befuddled, or Beguiled

10 Foods to Eat Before a Workout to Make Every Drop of Sweat Count

The 5 Best Documentaries On Netflix You Must See

The Most Heartwarming and Inspirational Story Of This Halloween Season, It Will Make You Cry and Jump For Joy

10 Best Party Songs of All Time to Bring the House Down With

5 New World Order Conspiracy Theories that Will Strangle the World

The 10 Highest Rated Movies of 2014

The 10 Largest Container Shipping Companies in the World

The 10 Largest Armies in the World: Who Should We Be Afraid Of?

Best Warren Buffett Quotes on Money You Need to Hear

The 10 Highest Suicide Rates by Profession

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!