Someone’s Selling Pfizer Inc. (PFE) Shares, Should You?

Page 1 of 2

Pfizer Inc. (NYSE:PFE) is up 13.5% in 2013, but one sect of the market has sold off some shares of late. Who is it?

Now, according to many traders, hedge funds are seen as delayed, outdated investment tools of an era lost to time. Although there are more than 8,000 hedge funds trading in present day, this site focuses on the moguls of this club, about 525 funds. It is widely held that this group oversees most of the smart money’s total capital, and by keeping an eye on their highest performing stock picks, we’ve unearthed a few investment strategies that have historically beaten the broader indices. Our small-cap hedge fund strategy outpaced 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 outpaced the S&P 500 index by 33 percentage points in 11 months (find a sample of our picks).

Just as crucial, optimistic insider trading activity is another way to look at the marketplace. As the old adage goes: there are lots of motivations for a bullish insider to get rid of shares of his or her company, but just one, very simple reason why they would buy. Many academic studies have demonstrated the market-beating potential of this tactic if “monkeys” understand what to do (learn more here).

What’s more, it’s important to study the latest info surrounding Pfizer Inc. (NYSE:PFE).

What does the smart money think about Pfizer Inc. (NYSE:PFE)?

In preparation for the third quarter, a total of 75 of the hedge funds we track were bullish in this stock, a change of -7% from one quarter earlier. With the smart money’s capital changing hands, there exists a few key hedge fund managers who were increasing their stakes meaningfully.

Pfizer Inc. (NYSE:PFE)According to our 13F database, Fisher Asset Management, managed by Ken Fisher, holds the largest position in Pfizer Inc. (NYSE:PFE). Fisher Asset Management has a $861 million position in the stock, comprising 2.2% of its 13F portfolio. On Fisher Asset Management’s heels is Pentwater Capital Management, managed by Matthew Halbower, which held a $765.1 million position; 16.2% of its 13F portfolio is allocated to the stock. Remaining hedge funds that are bullish include D. E. Shaw’s D E Shaw, Cliff Asness’s AQR Capital Management and Christopher Medlock James’s Partner Fund Management.

Since Pfizer Inc. (NYSE:PFE) has faced a fall in interest from the entirety of the hedge funds we track, logic holds that there were a few hedgies who were dropping their positions entirely heading into Q2. Interestingly, Rob Citrone’s Discovery Capital Management sold off the biggest investment of the 450+ funds we key on, totaling about $508.1 million in stock. Stanley Druckenmiller’s fund, Duquesne Capital, also said goodbye to its stock, about $98.7 million worth. These moves are intriguing to say the least, as aggregate hedge fund interest fell by 6 funds heading into Q2.

How are insiders trading Pfizer Inc. (NYSE:PFE)?

Bullish insider trading is particularly usable when the company in question has experienced transactions within the past six months. Over the latest half-year time period, Pfizer Inc. (NYSE:PFE) has experienced 1 unique insiders purchasing, and 13 insider sales (see the details of insider trades here).

We’ll also examine the relationship between both of these indicators in other stocks similar to Pfizer Inc. (NYSE:PFE). These stocks are GlaxoSmithKline plc (ADR) (NYSE:GSK), Merck & Co., Inc. (NYSE:MRK), Sanofi SA (ADR) (NYSE:SNY), Johnson & Johnson (NYSE:JNJ), and Novartis AG (ADR) (NYSE:NVS). All of these stocks are in the drug manufacturers – major industry and their market caps resemble PFE’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

Qihoo 360 Technology Co Ltd (QIHU), Actavis plc (ACT), Yahoo! Inc. (YHOO) Among 20 Long Ideas from Sohn Canada

The 10 Laziest Countries in the World

The 10 Most Polluted Countries in the World

The 10 Most Dangerous Cities in America 2014

The Top 10 Gold Producing Countries in the World

The 10 Tallest Buildings in the World

The 10 Richest Stand Up Comedians in the World

The 10 Fattest Countries in the World

The 5 Best Summer Jobs for Teens

The 10 Most Religious Countries in the World Keeping the Faith

The 10 Most Educated Countries in the World

The 10 Most Popular Cell Phones in the World

The 10 Drunkest Countries in the World

The 10 Most Expensive Private Schools in the World

The 10 Smallest Countries in the World

Walking Dead Season 5 Spoilers You’ll Wish You Didn’t Know

The 10 Poorest Countries in the World

The 10 Greenest Countries in the World

The Top 10 Countries with the Highest Population in the World

The 10 Most Visited Countries in the World

The Top 10 Star Wars Characters in the Iconic Series

The 10 Most Expensive Android Phones in the World

5 Reasons Why The Illuminati Is Real and a Threat to Society

The 6 Scariest Halloween Costumes Ever Screamed At

The 4 Biggest Hedge Fund Managers in the World Today

The 15 Most Densely Populated Countries in the World

The 10 Biggest Tea Drinking Countries in the World

Top 6 Ways to Improve Your Checkout Process and Close Sales

The 5 Most Profitable Online Businesses You Can Start Today

The 20 Most Profitable Hospitals in the US

The 5 Most Profitable Home Businesses to Start

The 7 Teams that Will Win the Stanley Cup in 2015

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

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!