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Should You Buy Infosys Ltd ADR (INFY)?

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With the third-quarter round of 13F filings behind us it is time to take a look at the stocks in which some of the best money managers in the world preferred to invest or sell heading into the fourth quarter. One of these stocks was Infosys Ltd ADR (NYSE:INFY).

Infosys Ltd ADR (NYSE:INFY) has seen an increase in hedge fund interest recently. INFY was in 19 hedge funds’ portfolios at the end of September. There were 17 hedge funds in our database with INFY holdings at the end of the previous quarter. 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 Netflix, Inc. (NASDAQ:NFLX), E I Du Pont De Nemours And Co (NYSE:DD), and The Bank of New York Mellon Corporation (NYSE:BK) to gather more data points.

Follow Infosys Technologies Ltd (NYSE:INFY)
Trade (NYSE:INFY) Now!

According to most stock holders, hedge funds are perceived as underperforming, old financial vehicles of years past. While there are over 8000 funds with their doors open today, We hone in on the leaders of this club, about 700 funds. These hedge fund managers direct the majority of the smart money’s total asset base, and by observing their finest equity investments, Insider Monkey has figured out numerous investment strategies that have historically defeated the broader indices. Insider Monkey’s small-cap hedge fund strategy outrun the S&P 500 index by 12 percentage points per annum for a decade in their back tests.

Now, let’s take a look at the new action encompassing Infosys Ltd ADR (NYSE:INFY).

How have hedgies been trading Infosys Ltd ADR (NYSE:INFY)?

Heading into Q4, a total of 19 of the hedge funds tracked by Insider Monkey held long positions in this stock, a change of 12% from the previous quarter. With hedgies’ sentiment swirling, there exists a select group of noteworthy hedge fund managers who were boosting their stakes significantly (or already accumulated large positions).

According to publicly available hedge fund and institutional investor holdings data compiled by Insider Monkey, Ken Fisher’s Fisher Asset Management has the largest position in Infosys Ltd ADR (NYSE:INFY), worth close to $409.8 million, corresponding to 0.9% of its total 13F portfolio. Coming in second is Cliff Asness of AQR Capital Management, with a $252.5 million position; the fund has 0.5% of its 13F portfolio invested in the stock. Remaining professional money managers that are bullish include Bernard Horn’s Polaris Capital Management, Anand Parekh’s Alyeska Investment Group and Lee Munder’s Lee Munder Capital Group.

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