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Sony Corporation (ADR) (SNE): Insiders Aren’t Crazy About It But Hedge Funds Love It

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Is it smart to be bullish on Sony Corporation (ADR) (NYSE:SNE)?

If you were to ask many investors, hedge funds are perceived as bloated, old investment tools of a period lost to current times. Although there are In excess of 8,000 hedge funds with their doors open currently, this site focuses on the crème de la crème of this club, around 525 funds. It is assumed that this group controls most of the smart money’s total capital, and by monitoring their best investments, we’ve revealed a number of investment strategies that have historically beaten the broader indices. Our small-cap hedge fund strategy beat the S&P 500 index by 18 percentage points annually for a decade in our back tests, and since we’ve started sharing our picks with our subscribers at the end of August 2012, we have trumped the S&P 500 index by 33 percentage points in 11 months (explore the details and some picks here).

Equally as key, positive insider trading sentiment is a second way to analyze the investments you’re interested in. Just as you’d expect, there are a variety of motivations for an upper level exec to sell shares of his or her company, but only one, very simple reason why they would initiate a purchase. Many empirical studies have demonstrated the valuable potential of this strategy if you know where to look (learn more here).

Keeping this in mind, we’re going to discuss the newest info surrounding Sony Corporation (ADR) (NYSE:SNE).

How are hedge funds trading Sony Corporation (ADR) (NYSE:SNE)?

At the end of the second quarter, a total of 24 of the hedge funds we track held long positions in this stock, a change of 71% from the previous quarter. With hedge funds’ capital changing hands, there exists a select group of noteworthy hedge fund managers who were upping their stakes significantly.

Sony Corporation (ADR) (NYSE:SNE)According to our 13F database, James Dinan’s York Capital Management had the largest position in Sony Corporation (ADR) (NYSE:SNE), worth close to $110.1 million, comprising 2.3% of its total 13F portfolio. Coming in second is Adage Capital Management, managed by Phill Gross and Robert Atchinson, which held a $30.9 million position; the fund has 0.1% of its 13F portfolio invested in the stock. Remaining hedgies that hold long positions include Curtis Macnguyen’s Ivory Capital (Investment Mgmt), Joe DiMenna’s ZWEIG DIMENNA PARTNERS and James Dondero’s Highland Capital Management.

As industrywide interest increased, specific money managers were leading the bulls’ herd. York Capital Management, managed by James Dinan, created the largest position in Sony Corporation (ADR) (NYSE:SNE). York Capital Management had 110.1 million invested in the company at the end of the quarter. Phill Gross and Robert Atchinson’s Adage Capital Management also initiated a $30.9 million position during the quarter. The other funds with new positions in the stock are Curtis Macnguyen’s Ivory Capital (Investment Mgmt), Joe DiMenna’s ZWEIG DIMENNA PARTNERS, and James Dondero’s Highland Capital Management.

How are insiders trading Sony Corporation (ADR) (NYSE:SNE)?

Insider buying made by high-level executives is best served when the primary stock in question has experienced transactions within the past half-year. Over the latest six-month time period, Sony Corporation (ADR) (NYSE:SNE) has experienced zero unique insiders purchasing, and zero insider sales (see the details of insider trades here).

We’ll also take a look at the relationship between both of these indicators in other stocks similar to Sony Corporation (ADR) (NYSE:SNE). These stocks are Universal Electronics Inc (NASDAQ:UEIC), Fabrinet (NYSE:FN), Spectrum Brands Holdings, Inc. (NYSE:SPB), Harman International Industries Inc./DE/ (NYSE:HAR), and Panasonic Corporation (ADR) (NYSE:PC). This group of stocks are the members of the electronic equipment industry and their market caps resemble SNE’s market cap.

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