This Metric Says You Are Smart to Sell SunPower Corporation (NASDAQ:SPWR)

SunPower Corporation (NASDAQ:SPWR) was in 9 hedge funds’ portfolio at the end of the fourth quarter of 2012. SPWR investors should pay attention to a decrease in activity from the world’s largest hedge funds recently. There were 13 hedge funds in our database with SPWR positions at the end of the previous quarter.

In the financial world, there are plenty of metrics market participants can use to track the equity markets. A couple of the most underrated are hedge fund and insider trading sentiment. At Insider Monkey, our research analyses have shown that, historically, those who follow the top picks of the best hedge fund managers can outperform the market by a significant amount (see just how much).

SunPower Corporation (NASDAQ:SPWR)Equally as integral, positive insider trading sentiment is a second way to break down the investments you’re interested in. Just as you’d expect, there are plenty of reasons for a bullish insider to cut shares of his or her company, but only one, very obvious reason why they would buy. Several academic studies have demonstrated the valuable potential of this strategy if investors understand what to do (learn more here).

With all of this in mind, we’re going to take a gander at the key action encompassing SunPower Corporation (NASDAQ:SPWR).

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

Heading into 2013, a total of 9 of the hedge funds we track held long positions in this stock, a change of -31% from the previous quarter. With hedge funds’ sentiment swirling, there exists a few key hedge fund managers who were upping their stakes considerably.

Of the funds we track, Chuck Royce’s Royce & Associates had the biggest position in SunPower Corporation (NASDAQ:SPWR), worth close to $9 million, accounting for 0% of its total 13F portfolio. Sitting at the No. 2 spot is Philip Hempleman of Ardsley Partners, with a $7 million position; 0.1% of its 13F portfolio is allocated to the stock. Remaining hedge funds 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.

Because SunPower Corporation (NASDAQ:SPWR) has faced declining sentiment from hedge fund managers, it’s safe to say that there exists a select few fund managers that elected to cut their full holdings heading into 2013. At the top of the heap, Peter J. Eichler Jr.’s Aletheia Research and Management dropped the largest stake of all the hedgies we watch, comprising close to $6 million in stock.. Jim Simons’s fund, Renaissance Technologies, also dumped its stock, about $1 million worth. These moves are interesting, as aggregate hedge fund interest dropped by 4 funds heading into 2013.

How are insiders trading SunPower Corporation (NASDAQ:SPWR)?

Insider buying is best served when the company in focus has experienced transactions within the past half-year. Over the last six-month time period, SunPower Corporation (NASDAQ:SPWR) has experienced zero unique insiders purchasing, and 3 insider sales (see the details of insider trades here).

With the results shown by our studies, retail investors must always pay attention to hedge fund and insider trading sentiment, and SunPower Corporation (NASDAQ:SPWR) 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.

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 44 percentage points in 21 months Learn how!

Lists

The Top 10 States With Fastest Internet Speeds

10 Best Places to Visit in USA in August

Top 10 Cities to Visit Before You Die

Top 10 Genetically Modified Food In the US

15 Highest Grossing Movies Opening Weekend

5 Best Poker Books For Beginners

10 Strategies Hedge Funds Use to Make Huge Returns

Top 10 Fast Food Franchises to Buy

10 Best Places to Visit in Canada

Best Summer Jobs for Teachers

10 Youngest Hedge Fund Billionaires

Top 10 One Hit Wonders of the 90s

Fastest Growing Cities In America

Top 10 U.S. Cities for Freelancers

Top 9 Most Popular Free iPhone Apps

Top 10 Least Expensive Private Business Schools in the US

Top 15 Most Expensive Countries in the World – 2014

Top Businesses to Invest In

Top 5 Things You Might Be Doing Wrong With Your Business

Top 5 Strategic Technology Trends in 2014

Top Rags to Riches Stories

Parenting Behavior That Promotes Future Leaders

Top 5 Mistakes Made by Small Businesses

Top 5 Most Common and Potentially Devastating Financial Blunders

Top 5 Highest Paying Jobs for Web Designers

Top 6 Most Respected Professions that Also Pay Well

Top 5 Pitfalls Investors Should Avoid

Top 6 Lawyers and Policy Makers Under 30

Top 6 New Year’s Resolutions for Entrepreneurs

Top 7 Locations to Check in on Facebook

Top 5 Mistakes made by Rookie eBay Sellers

Top 7 eBook Publishers in 2013

Top 6 Health Industry Trends in 2014

5 Lessons for Entrepreneurs from Seth Godin

Top 5 Success Tips from Jordan Belfort – the Wolf of Wall Street

Best Master’s in Finance Degree Programs

Top 6 Earning Celebrities Over 50

The most expensive sports to play

Top 7 Earning Celebrities Under 25

Best 7 Online Courses to Take: Free Finance MOOCs

Top 6 Bad Habits that Promote Failure

20 Most Valuable Soccer Teams in the World in 2013

12 Most Expensive Countries for Foreign Students

Top 30 Most Influential Women in the World

Top 20 Most Expensive New Year Eve Shows

Top 5 Best Vocational Careers

Top 10 Jobs for 2014 by Salary Gain (Predictions)

Top 5 Digital Trends for 2014

Top 6 Things You Can Do To Increase Your Productivity

Top 9 Trending Smartphones in 2013

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!