SunPower Corporation (SPWR): The Metric You Have To Keep An Eye On

Page 1 of 2

SunPower Corporation (NASDAQ:SPWR) was in 9 hedge funds’ portfolio at the end of December. SPWR investors should be aware of a decrease in enthusiasm from smart money recently. There were 13 hedge funds in our database with SPWR positions at the end of the previous quarter.

To most shareholders, hedge funds are assumed to be underperforming, old investment vehicles of years past. While there are over 8000 funds with their doors open today, we look at the bigwigs of this group, around 450 funds. It is widely believed that this group oversees the majority of the hedge fund industry’s total capital, and by paying attention to their top picks, we have spotted a few investment strategies that have historically outstripped the S&P 500 index. Our small-cap hedge fund strategy beat the S&P 500 index by 18 percentage points a year 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 outpaced the S&P 500 index by 24 percentage points in 7 months (explore the details and some picks here).

SunPower Corporation (NASDAQ:SPWR)Just as beneficial, positive insider trading activity is another way to break down the financial markets. There are plenty of reasons for an upper level exec to sell shares of his or her company, but only one, very clear reason why they would buy. Several academic studies have demonstrated the impressive potential of this method if investors know what to do (learn more here).

Keeping this in mind, let’s take a look at the recent action encompassing SunPower Corporation (NASDAQ:SPWR).

How are hedge funds trading SunPower Corporation (NASDAQ:SPWR)?

At the end of the fourth quarter, a total of 9 of the hedge funds we track were long in this stock, a change of -31% from the previous quarter. With hedge funds’ positions undergoing their usual ebb and flow, there exists a select group of key hedge fund managers who were increasing their stakes substantially.

When looking at the hedgies we track, Royce & Associates, managed by Chuck Royce, holds the largest position in SunPower Corporation (NASDAQ:SPWR). Royce & Associates has a $8.7 million position in the stock, comprising less than 0.1%% of its 13F portfolio. Coming in second is Philip Hempleman of Ardsley Partners, with a $7.3 million position; 1.5% of its 13F portfolio is allocated to the stock. Remaining peers with similar optimism include John A. Levin’s Levin Capital Strategies, Ken Griffin’s Citadel Investment Group and D. E. Shaw’s D E Shaw.

Judging by the fact that SunPower Corporation (NASDAQ:SPWR) has witnessed declining sentiment from the smart money, it’s easy to see that there lies a certain “tier” of hedgies that slashed their entire stakes heading into 2013. Interestingly, Peter J. Eichler Jr.’s Aletheia Research and Management cut the biggest investment of the “upper crust” of funds we key on, worth close to $5.9 million in stock., and Jim Simons of Renaissance Technologies was right behind this move, as the fund said goodbye to about $1.2 million worth. These transactions are interesting, as aggregate hedge fund interest dropped by 4 funds heading into 2013.

What have insiders been doing with SunPower Corporation (NASDAQ:SPWR)?

Insider purchases made by high-level executives is best served when the company in focus has seen transactions within the past half-year. Over the last 180-day time period, SunPower Corporation (NASDAQ:SPWR) has experienced zero unique insiders purchasing, and 3 insider sales (see the details of insider trades here).

Let’s check out hedge fund and insider activity in other stocks similar to SunPower Corporation (NASDAQ:SPWR). These stocks are LSI Corp (NASDAQ:LSI), SolarCity Corp (NASDAQ:SCTY), Cirrus Logic, Inc. (NASDAQ:CRUS), First Solar, Inc. (NASDAQ:FSLR), and Silicon Laboratories (NASDAQ:SLAB). This group of stocks are the members of the semiconductor – specialized industry and their market caps are similar to SPWR’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

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

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

10 Best Places to Visit in Central and South America

The 10 Greatest Empires in History Which Nearly Conquered the World

The 6 Cheapest Boarding Schools In America 2015

5 Clear Reasons LoL is Better than DotA, Continues to Rule MOBAs

The Only 9 Teams with a Chance to Win the Super Bowl

The 15 Most Common Phobias in America that Induce Fits of Panic

Top 6 Least Expensive Tourist Destinations in 2014

Jim Goetz, Peter Fenton, Jim Breyer: Top 6 Venture Investors for 2014

Top 15 Billionaires in 2014

5 Pitfalls To Avoid When Buying a Franchise

Top 20 Medical Schools in the US – 2014 Rankings

4 Business Strategies that Turned Jamie Oliver into the World’s Richest Chef

6 Qualities That Make You A Good Team Player

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!