Is YPF SA (ADR) (NYSE:YPF) a good stock to buy now? The best stock pickers are turning bullish. The number of long hedge fund bets moved up by 2 recently.
To the average investor, there are many gauges market participants can use to monitor the equity markets. Some of the most underrated are hedge fund and insider trading interest. At Insider Monkey, our studies have shown that, historically, those who follow the top picks of the top money managers can outpace the broader indices by a superb margin (see just how much).
Equally as beneficial, positive insider trading sentiment is a second way to parse down the financial markets. Just as you’d expect, there are lots of motivations for an insider to cut shares of his or her company, but just one, very simple reason why they would behave bullishly. Various empirical studies have demonstrated the valuable potential of this method if piggybackers understand where to look (learn more here).
With these “truths” under our belt, let’s take a glance at the key action regarding YPF SA (ADR) (NYSE:YPF).
How are hedge funds trading YPF SA (ADR) (NYSE:YPF)?
At year’s end, a total of 17 of the hedge funds we track held long positions in this stock, a change of 13% from the previous quarter. With hedgies’ capital changing hands, there exists an “upper tier” of key hedge fund managers who were boosting their holdings substantially.
Of the funds we track, Kenneth Mario Garschina’s Mason Capital Management had the largest position in YPF SA (ADR) (NYSE:YPF), worth close to $186 million, comprising 2.7% of its total 13F portfolio. Sitting at the No. 2 spot is Jonathon Jacobson of Highfields Capital Management, with a $110 million position; 3.4% of its 13F portfolio is allocated to the company. Some other hedge funds that hold long positions include Eric Mindich’s Eton Park Capital, Steven Cohen’s SAC Capital Advisors and Kevin D. Eng’s Columbus Hill Capital Management.
As aggregate interest increased, some big names have been driving this bullishness. Columbus Hill Capital Management, managed by Kevin D. Eng, created the largest position in YPF SA (ADR) (NYSE:YPF). Columbus Hill Capital Management had 23 million invested in the company at the end of the quarter. Jason Capello’s Merchants’ Gate Capital also initiated a $21 million position during the quarter. The other funds with brand new YPF positions are Stanley Druckenmiller’s Duquesne Capital, Tony Chedraoui’s Tyrus Capital, and Jonathan Kolatch’s Redwood Capital Management.
How are insiders trading YPF SA (ADR) (NYSE:YPF)?
Bullish insider trading is most useful when the company in focus has experienced transactions within the past 180 days. Over the last 180-day time period, YPF SA (ADR) (NYSE:YPF) has experienced zero unique insiders buying, and zero insider sales (see the details of insider trades here).
With the results exhibited by the aforementioned research, everyday investors should always watch hedge fund and insider trading sentiment, and YPF SA (ADR) (NYSE:YPF) shareholders fit into this picture quite nicely.
Insider Monkey’s small-cap strategy returned 29.2% between September 2012 and February 2013 versus 8.7% for the S&P 500 index. Try it now by clicking the link above.