This Metric Says You Are Smart to Sell First Solar, Inc. (NASDAQ:FSLR)

First Solar (FSLR)

First Solar, Inc. (NASDAQ:FSLR)

First Solar, Inc. (NASDAQ:FSLR) shareholders have witnessed a decrease in hedge fund sentiment in recent months.

In the 21st century investor’s toolkit, there are tons of methods market participants can use to track stocks. A pair of the most useful are hedge fund and insider trading interest. At Insider Monkey, our studies have shown that, historically, those who follow the top picks of the best fund managers can outperform the market by a very impressive amount (see just how much).

Equally as integral, positive insider trading activity is a second way to parse down the financial markets. There are plenty of stimuli for an upper level exec to downsize shares of his or her company, but just one, very obvious reason why they would behave bullishly. Several academic studies have demonstrated the valuable potential of this method if you understand what to do (learn more here).

Consequently, we’re going to take a glance at the recent action surrounding First Solar, Inc. (NASDAQ:FSLR).

How are hedge funds trading First Solar, Inc. (NASDAQ:FSLR)?

Heading into 2013, a total of 18 of the hedge funds we track were long in this stock, a change of -5% from the previous quarter. With hedgies’ positions undergoing their usual ebb and flow, there exists a select group of key hedge fund managers who were boosting their holdings meaningfully.

Of the funds we track, Philippe Laffont’s Coatue Management had the most valuable position in First Solar, Inc. (NASDAQ:FSLR), worth close to $61 million, accounting for 1% of its total 13F portfolio. Coming in second is D E Shaw, managed by D. E. Shaw, which held a $47 million call position; the fund has 0.1% of its 13F portfolio invested in the stock. Remaining hedge funds that hold long positions include Tiger Global Management LLC, and John Thaler’s JAT Capital Management.

Because First Solar, Inc. (NASDAQ:FSLR) has faced a declination in interest from the smart money, it’s safe to say that there is a sect of fund managers who were dropping their full holdings in Q4. Interestingly, Christopher MedlockáJames’s Partner Fund Management sold off the biggest position of all the hedgies we watch, worth close to $7 million in stock.. Robert Pohly’s fund, Samlyn Capital, also dumped its stock, about $7 million worth. These transactions are intriguing to say the least, as aggregate hedge fund interest dropped by 1 funds in Q4.

What do corporate executives and insiders think about First Solar, Inc. (NASDAQ:FSLR)?

Insider trading activity, especially when it’s bullish, is most useful when the company in focus has seen transactions within the past 180 days. Over the last 180-day time period, First Solar, Inc. (NASDAQ:FSLR) has seen zero unique insiders buying, and zero insider sales (see the details of insider trades here).

With the returns shown by our strategies, everyday investors should always monitor hedge fund and insider trading sentiment, and First Solar, Inc. (NASDAQ:FSLR) is an important part of this process.

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.

Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

Most Awesome Hip Hop Documentaries

Foods That Stain Your Teeth

Richest Doctors in the World

The Best Movie Sountracks Ever

The Highest Grossing Musicals on Broadway

The Most Successful Reality TV Stars

Cheapest Cities to Visit in the US

Most Expensive Summer Camps

Most Expensive Animals in the World

Most Expensive Specialty Crops in the World

Movies That Took Ages to Make

The Longest Hollywood Films Ever Made

Most Expensive Concert Stages

The Richest Bands of all Time

10 Most Corrupt Countries 2013 List

10 Countries with the Highest Quality of Life Index

Most Expensive Mattresses in the World

5 Smallest Countries by Land Area

The Ultimate Heartbreak Songs

Richest Teenagers in the World

10 Most Haunted Places in America

10 Best Places to Retire in Florida East Coast

Top 10 Places to See Before You Die

Top 8 Countries in the World Where Justice Prevails

10 Richest States in America

15 Wealthiest Countries in the World

Richest Singers in the World

Most Expensive Tasting Menu in New York City

Most Expensive Baby Items in the World

Most Expensive Hotel Suites in Vegas

Most Expensive Brunch in New York City

Most Expensive Beef Cuts in the World

25 Best Colleges to Get a Job

Top 10 US Supermarkets

The 25 Most Dangerous Cities in the World to Visit

Most Expensive Xbox Games

Top 11 Cities Where Billionaires Live

Top 10 Most Charitable Companies in America

Most Expensive Seafood in the World

The 10 Wildest Conspiracy Theories

The 10 Best Job Markets in the US

Top 10 Accounting Scandals of All Time

The 25 Biggest Cities in the World

Top 10 Best Paying Virtual Jobs

Most Expensive Leather Shoes in the World

Top 6 Things to Buy in March

The 10 Most Stressful Jobs in America – 2014 List

Top 10 Jobs for Introverted People

Top 10 Honeymoon Destinations in the World

Top 10 Highest Paying Jobs in the World

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!