True Religion Apparel, Inc. (TRLG)’s Most Bullish Money Managers: The Top 7

Is True Religion Apparel, Inc. (NASDAQ:TRLG) a great investment today? Hedge funds are in a bullish mood. The number of bullish hedge fund positions inched up by 3 recently.

True Religion Apparel, Inc. (NASDAQ:TRLG)

In the eyes of most stock holders, hedge funds are perceived as underperforming, outdated financial tools of the past. While there are more than 8000 funds in operation at the moment, we at Insider Monkey hone in on the upper echelon of this group, around 450 funds. It is widely believed that this group has its hands on the lion’s share of the smart money’s total capital, and by paying attention to their top stock picks, we have formulated a number of investment strategies that have historically beaten Mr. Market. Our small-cap hedge fund strategy outstripped 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 trumped the S&P 500 index by 24 percentage points in 7 months (see the details here).

Equally as integral, positive insider trading activity is a second way to parse down the financial markets. Just as you’d expect, there are a variety of incentives for an executive to sell shares of his or her company, but only one, very clear reason why they would initiate a purchase. Various academic studies have demonstrated the impressive potential of this tactic if “monkeys” understand where to look (learn more here).

Consequently, let’s take a look at the recent action surrounding True Religion Apparel, Inc. (NASDAQ:TRLG).

What does the smart money think about True Religion Apparel, Inc. (NASDAQ:TRLG)?

At year’s end, a total of 13 of the hedge funds we track were long in this stock, a change of 30% from the third quarter. With hedge funds’ sentiment swirling, there exists a select group of key hedge fund managers who were boosting their stakes substantially.

According to our comprehensive database, Chuck Royce’s Royce & Associates had the biggest position in True Religion Apparel, Inc. (NASDAQ:TRLG), worth close to $17.2 million, comprising 0.1% of its total 13F portfolio. On Royce & Associates’s heels is TIG Advisors, managed by Carl Tiedemann and Michael Tiedemann, which held a $6.5 million position; the fund has 1.2% of its 13F portfolio invested in the stock. Other peers that hold long positions include Richard C. Patton’s Courage Capital, and Ken Griffin’s Citadel Investment Group.

Consequently, some big names have been driving this bullishness. TIG Advisors, managed by Carl Tiedemann and Michael Tiedemann, established the biggest position in True Religion Apparel, Inc. (NASDAQ:TRLG). TIG Advisors had 6.5 million invested in the company at the end of the quarter. Louis Bacon’s Moore Global Investments also initiated a $5.1 million position during the quarter. The following funds were also among the new TRLG investors: James Dinan’s York Capital Management, Steven Cohen’s SAC Capital Advisors, and Lisa Rapuano’s Lane Five Capital.

How are insiders trading True Religion Apparel, Inc. (NASDAQ:TRLG)?

Insider buying is best served when the company in focus has seen transactions within the past half-year. Over the latest half-year time period, True Religion Apparel, Inc. (NASDAQ:TRLG) has seen zero unique insiders purchasing, and zero insider sales (see the details of insider trades here).

Let’s also examine hedge fund and insider activity in other stocks similar to True Religion Apparel, Inc. (NASDAQ:TRLG). These stocks are Perry Ellis International, Inc. (NASDAQ:PERY), Maidenform Brands, Inc. (NYSE:MFB), Quiksilver, Inc. (NYSE:ZQK), Oxford Industries, Inc. (NYSE:OXM), and G-III Apparel Group, Ltd. (NASDAQ:GIII). This group of stocks are in the textile – apparel clothing industry and their market caps match TRLG’s market cap.

Company Name # of Hedge Funds # of Insiders Buying # of Insiders Selling
Perry Ellis International, Inc. (NASDAQ:PERY) 8 0 8
Maidenform Brands, Inc. (NYSE:MFB) 8 0 4
Quiksilver, Inc. (NYSE:ZQK) 8 0 2
Oxford Industries, Inc. (NYSE:OXM) 5 2 3
G-III Apparel Group, Ltd. (NASDAQ:GIII) 14 1 4

With the results demonstrated by our strategies, retail investors should always watch hedge fund and insider trading activity, and True Religion Apparel, Inc. (NASDAQ:TRLG) shareholders fit into this picture quite nicely.

See the top 7 most bullish money managers:

No. 7:

Manager: Steven Cohen
Market value at end of last 13F filing period: $3,125,000
Activity:  New
Percentage of equity portfolio: 0.02%


No. 6:

Manager: James Dinan
Market value at end of last 13F filing period: $4,575,000
Activity:  New
Percentage of equity portfolio: 0.11%


No. 5:

Manager: Ken Griffin
Market value at end of last 13F filing period: $4,986,000
Activity:  576.54%
Percentage of equity portfolio: 0.01%


No. 4:

Manager: Louis Bacon
Market value at end of last 13F filing period: $5,084,000
Activity:  New
Percentage of equity portfolio: 0.13%


No. 3:

Fund name: Courage Capital
Manager: Richard C. Patton
Market value at end of last 13F filing period: $5,994,000
Activity:  19.82%
Percentage of equity portfolio: 2.80%


No. 2:

Fund name: TIG Advisors
Manager: Carl Tiedemann and Michael Tiedemann
Market value at end of last 13F filing period: $6,547,000
Activity:  New
Percentage of equity portfolio: 1.16%


No. 1:

Fund name: Royce & Associates
Manager: Chuck Royce
Market value at end of last 13F filing period: $17,217,000
Activity:  -18.82%
Percentage of equity portfolio: 0.06%
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

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

10 High Paying Seasonal Jobs in America this Holiday Season

The 10 Busiest Shipping Lanes 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!