Our extensive research has shown that imitating the smart money can generate significant returns for retail investors, which is why we track more than 700 prominent money managers and analyze their quarterly 13F filings. The stocks that are heavily bought by hedge funds historically outperformed the market, though there is no shortage of high profile gigantic failures like hedge funds’ recent losses in Valeant. Let’s take a closer look at what the funds we track think about SK Telecom Co., Ltd. (ADR) (NYSE:SKM) in this article.
Is SK Telecom Co., Ltd. (ADR) (NYSE:SKM) a buy, sell, or hold? Prominent investors seem to be in an optimistic mood. The number of bullish hedge fund investments experienced an increase of two during the third quarter. There were 12 hedge funds in our database with SKM holdings at the end of September. 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 Credicorp Ltd. (USA) (NYSE:BAP), Ball Corporation (NYSE:BLL), and Skyworks Solutions Inc (NASDAQ:SWKS) to gather more data points.
At Insider Monkey, we’ve developed an investment strategy that has delivered market-beating returns over the past 12 months. Our strategy identifies the 100 best-performing funds of the previous quarter from among the collection of 700+ successful funds that we track in our database, which we accomplish using our returns methodology. We then study the portfolios of those 100 funds using the latest 13F data to uncover the 30 most popular mid-cap stocks (market caps of between $1 billion and $10 billion) among them to hold until the next filing period. This strategy delivered 18% gains over the past 12 months, more than doubling the 8% returns enjoyed by the S&P 500 ETFs.
Now, let’s check out the latest action regarding SK Telecom Co., Ltd. (ADR) (NYSE:SKM).
What have hedge funds been doing with SK Telecom Co., Ltd. (ADR) (NYSE:SKM)?
At Q3’s end, a total of 12 of the hedge funds tracked by Insider Monkey were bullish on this stock, a change of 20% from one quarter earlier. On the other hand, there were a total of eight hedge funds with a bullish position in SKM at the beginning of this year. So, let’s see which hedge funds were among the top holders of the stock and which hedge funds were making big moves.
Of the funds tracked by Insider Monkey, Arrowstreet Capital, led by Peter Rathjens, Bruce Clarke and John Campbell, holds the most valuable position in SK Telecom Co., Ltd. (ADR) (NYSE:SKM). Arrowstreet Capital has a $21.2 million position in the stock, comprising 0.1% of its 13F portfolio. On Arrowstreet Capital’s heels is James H. Litinsky’s JHL Capital Group, with a $19.8 million position; the fund has 1.3% of its 13F portfolio invested in the stock. Other hedge funds and institutional investors that are bullish include William B. Gray’s Orbis Investment Management, D E Shaw, one of the biggest hedge funds in the world, and John Overdeck and David Siegel’s Two Sigma Advisors. We should note that Orbis Investment Management is among our list of the 100 best performing hedge funds which is based on the performance of their 13F long positions in non-microcap stocks.