Should You Avoid Garmin Ltd. (GRMN)?

Page 1 of 2

Garmin Ltd. (NASDAQ:GRMN) was in 12 hedge funds’ portfolio at the end of December. GRMN shareholders have witnessed a decrease in hedge fund sentiment lately. There were 13 hedge funds in our database with GRMN holdings at the end of the previous quarter.

In the eyes of most traders, hedge funds are seen as underperforming, old financial tools of yesteryear. While there are over 8000 funds trading today, we at Insider Monkey look at the top tier of this club, around 450 funds. It is estimated that this group oversees the lion’s share of the hedge fund industry’s total capital, and by tracking their top stock picks, we have found a number of investment strategies that have historically outpaced the broader indices. 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 topped the S&P 500 index by 24 percentage points in 7 months (explore the details and some picks here).

Garmin Ltd. (NASDAQ:GRMN)Just as important, bullish insider trading activity is another way to break down the financial markets. Obviously, there are a variety of motivations for a corporate insider to sell shares of his or her company, but only one, very clear reason why they would initiate a purchase. Various empirical studies have demonstrated the market-beating potential of this strategy if piggybackers understand where to look (learn more here).

With all of this in mind, we’re going to take a look at the key action surrounding Garmin Ltd. (NASDAQ:GRMN).

Hedge fund activity in Garmin Ltd. (NASDAQ:GRMN)

At the end of the fourth quarter, a total of 12 of the hedge funds we track were bullish in this stock, a change of -8% from the previous quarter. With hedge funds’ sentiment swirling, there exists a select group of notable hedge fund managers who were upping their stakes significantly.

When looking at the hedgies we track, Robert Joseph Caruso’s Select Equity Group had the most valuable position in Garmin Ltd. (NASDAQ:GRMN), worth close to $183.8 million, comprising 2.9% of its total 13F portfolio. Sitting at the No. 2 spot is Tetrem Capital Management, managed by Daniel Bubis, which held a $40.1 million position; 1.2% of its 13F portfolio is allocated to the stock. Other hedgies with similar optimism include David Harding’s Winton Capital Management, Chuck Royce’s Royce & Associates and Phill Gross and Robert Atchinson’s Adage Capital Management.

Since Garmin Ltd. (NASDAQ:GRMN) has witnessed bearish sentiment from the smart money, it’s easy to see that there exists a select few fund managers that slashed their entire stakes in Q4. Intriguingly, Ben Levine, Andrew Manuel and Stefan Renold’s LMR Partners sold off the largest position of the “upper crust” of funds we monitor, totaling about $4.3 million in stock., and Israel Englander of Millennium Management was right behind this move, as the fund sold off about $4.1 million worth. These bearish behaviors are important to note, as total hedge fund interest dropped by 1 funds in Q4.

How have insiders been trading Garmin Ltd. (NASDAQ:GRMN)?

Insider trading activity, especially when it’s bullish, is particularly usable when the company we’re looking at has seen transactions within the past 180 days. Over the last 180-day time period, Garmin Ltd. (NASDAQ:GRMN) has seen zero unique insiders purchasing, and 8 insider sales (see the details of insider trades here).

Let’s check out hedge fund and insider activity in other stocks similar to Garmin Ltd. (NASDAQ:GRMN). These stocks are Bio-Rad Laboratories, Inc. (NYSE:BIO), Sensata Technologies Holding N.V. (NYSE:ST), Waters Corporation (NYSE:WAT), and Trimble Navigation Limited (NASDAQ:TRMB). This group of stocks belong to the scientific & technical instruments industry and their market caps resemble GRMN’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 Top 10 Most Expensive Digital Cameras to Snap Stunning Shots With

The 10 Highest Quality Fast Food Restaurants In America Today

The 8 Best Halloween Decorating Ideas to Spook Up Your House

10 Marvel Women that Should Get a Movie Right Now

The 20 Best Remixes of Popular Songs that Will Make You Forget the Originals

7 Most Expensive Cities in the World

5 Least Expensive Cities in the World

10 Celebrities Who Believe In Scientology

10 High Margin Food Products to Build a Business Around

The 10 Most Expensive Clothing Stores in the United States to Get Decked Out At

The 5 Biggest Kickstarter Scams That Swindled Backers’ Donations

The 10 Most Expensive Boarding Schools In the World

50 Crazy Facts About Japan You Won’t Believe

Top 10 Least Expensive Hybrid Cars to Save the Planet With

The 10 Biggest ‘Gate’ Controversies in History

The 10 States with the Highest Nursing Shortages Leaving Their Hospitals Depleted

The 10 Best Value Investment Blogs that Every Investor Must Read

The 6 Cheapest Boarding Schools in Europe 2015

The 5 Most Expensive Cars To Insure in the World

The 10 Most Common Genetically Modified Foods

10 Self-Made Billionaires Who Came From Nothing

The 10 Most Expensive Cities to Live in North America

The 13 Most Expensive Headphones in the World to Represent

The Top 20 Wealthiest Soccer Teams in 2014

4 BuzzWorthy Cannabis Stocks And Some Smoking Derivative Plays

The 10 Healthiest Fast Food Chains in America to Dine At

The 5 Most Expensive Cat Food Brands You Can Spoil Your Kitty With

The 6 Best eCommerce Platforms for Small Businesses

The 10 Worst Mistakes an Entrepreneur Can Make

The 5 Most OP Characters in League of Legends to Carry Games and Crush Foes With

The 5 Best Foods to Eat Before Running that Will Help You Pound the Pavement

10 Glaring Plot Holes in The Walking Dead that a Zombie-Filled Bus Could Drive Through

The 5 Biggest Celebrity Stoners Who Love Their Reefer

The 10 Most Overrated Movies Of All Time by Out-of-Touch Critics

Top 6 Least Expensive Cruise Destinations For 2015 that Will Take You to Paradise

10 States with Lowest Substance Abuse Rates in America

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

Top 6 Cities For The Ultra Rich to Live in Comfort

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

How 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

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!