This Metric Says You Are Smart to Buy Buffalo Wild Wings (NASDAQ:BWLD)

Buffalo Wild Wings (NASDAQ:BWLD)

Buffalo Wild Wings (NASDAQ:BWLD) was in 17 hedge funds’ portfolio at the end of December. BWLD investors should pay attention to an increase in hedge fund sentiment recently. There were 16 hedge funds in our database with BWLD positions at the endof the previous quarter.

According to most traders, hedge funds are perceived as unimportant, outdated financial tools of the past. While there are over 8000 funds with their doors open today, we at Insider Monkey look at the elite of this group, about 450 funds. It is estimated that this group oversees the majority of all hedge funds’ total asset base, and by tracking their best stock picks, we have figured out a few investment strategies that have historically outpaced Mr. Market. Our small-cap hedge fund strategy outperformed the S&P 500 index by 18 percentage points a year 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 25 percentage points in 6.5 month (check out a sample of our picks).

Just as integral, bullish insider trading activity is a second way to parse down the investments you’re interested in. There are plenty of stimuli for a bullish insider to drop shares of his or her company, but just one, very clear reason why they would initiate a purchase. Several academic studies have demonstrated the valuable potential of this method if shareholders understand where to look (learn more here).

Keeping this in mind, we’re going to take a gander at the key action regarding Buffalo Wild Wings (NASDAQ:BWLD).

What have hedge funds been doing with Buffalo Wild Wings (NASDAQ:BWLD)?

In preparation for this year, a total of 17 of the hedge funds we track were long in this stock, a change of 6% from the previous quarter. With the smart money’s sentiment swirling, there exists a few noteworthy hedge fund managers who were upping their holdings substantially.

According to our comprehensive database, Tiger Consumer Management, managed by Patrick McCormack, holds the largest position in Buffalo Wild Wings (NASDAQ:BWLD). Tiger Consumer Management has a $65 million position in the stock, comprising 3% of its 13F portfolio. On Tiger Consumer Management’s heels is SAC Capital Advisors, managed by Steven Cohen, which held a $44 million position; the fund has 0.2% of its 13F portfolio invested in the stock. Other peers that hold long positions include SAC Subsidiary’s Sigma Capital Management, Ken Griffin’s Citadel Investment Group and Chuck Royce’s Royce & Associates.

As industrywide interest jumped, key money managers have jumped into Buffalo Wild Wings (NASDAQ:BWLD) headfirst. Sigma Capital Management, managed by SAC Subsidiary, assembled the biggest position in Buffalo Wild Wings (NASDAQ:BWLD). Sigma Capital Management had 24 million invested in the company at the end of the quarter. Jacob Gottlieb’s Visium Asset Management also made a $5 million investment in the stock during the quarter. The following funds were also among the new BWLD investors: Dmitry Balyasny’s Balyasny Asset Management, Xerion, and Glenn Russell Dubin’s Highbridge Capital Management.

Insider trading activity in Buffalo Wild Wings (NASDAQ:BWLD)

Insider buying is best served when the company we’re looking at has seen transactions within the past 180 days. Over the last half-year time period, Buffalo Wild Wings (NASDAQ:BWLD) has experienced zero unique insiders purchasing, and 8 insider sales (see the details of insider trades here).

With the results shown by our tactics, retail investors should always pay attention to hedge fund and insider trading activity, and Buffalo Wild Wings (NASDAQ:BWLD) applies perfectly to this mantra.

Click here to learn more about Insider Monkey’s Hedge Fund Newsletter

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.

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

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

6 Ways 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

10 High Paying Seasonal Jobs in America this Holiday Season

The 10 Busiest Shipping Lanes in the World

5 Most Valuable Brands in China

The 10 States with Highest Substance Abuse Rates Crippling Their Populace

The Top 10 Things to Do Before You Die That Will Echo for Eternity

The 10 Best Selling Items on Etsy

Top 10 Things to Do in Tokyo, the Greatest City in the World

10 Mistakes on Social Media that Can Harm You and Will Probably Get You Canned

The 10 Best Cities to Find Jobs in 2014

The 10 Most Controversial Songs Of All Time to Hit (and get Banned from) the Airwaves

The 20 Biggest IPOs in US History

The 10 Best Places to Visit in Mexico that Are Beautiful and Safe

7 Bad Habits that Age You Beyond Your Years

The 40 Best Fortune Cookie Sayings That Will Leave You Bemused, Befuddled, or Beguiled

10 Foods to Eat Before a Workout to Make Every Drop of Sweat Count

The 5 Best Documentaries On Netflix You Must See

The Most Heartwarming and Inspirational Story Of This Halloween Season, It Will Make You Cry and Jump For Joy

10 Best Party Songs of All Time to Bring the House Down With

5 New World Order Conspiracy Theories that Will Strangle the World

The 10 Highest Rated Movies of 2014

The 10 Largest Container Shipping Companies in the World

The 10 Largest Armies in the World: Who Should We Be Afraid Of?

Best Warren Buffett Quotes on Money You Need to Hear

The 10 Highest Suicide Rates by Profession

The 20 Most Underrated Movies of All Time

The 10 Fastest Growing Companies in America

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!