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Vodafone Group Plc (ADR) (VOD): Are Hedge Funds Right About This Stock?

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We at Insider Monkey have gone over 742 13F filings that hedge funds and prominent investors are required to file by the government. The 13F filings show the funds’ and investors’ portfolio positions as of September 30. In this article, we look at what those funds think of Vodafone Group Plc (ADR) (NASDAQ:VOD) based on that data.

Vodafone Group Plc (ADR) (NASDAQ:VOD) was in 18 hedge funds’ portfolios at the end of the third quarter of 2016. VOD has experienced a decrease in hedge fund interest in recent months. There were 22 hedge funds in our database with VOD positions at the end of the previous quarter. The level and the change in hedge fund popularity aren’t the only variables you need to analyze to decipher hedge funds’ perspectives. A stock may witness a boost in popularity but it may still be less popular than similarly priced stocks. That’s why at the end of this article we will examine companies such as Cabot Oil & Gas Corporation (NYSE:COG), Agnico-Eagle Mines Limited (USA) (NYSE:AEM), and Principal Financial Group Inc (NYSE:PFG) to gather more data points.

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At Insider Monkey, we’ve developed an investment strategy that has delivered market-beating returns over the past 12 months. Our strategy identifies the 100 best-performing funds of the previous quarter from among the collection of 700+ successful funds that we track in our database, which we accomplish using our returns methodology. We then study the portfolios of those 100 funds using the latest 13F data to uncover the 30 most popular mid-cap stocks (market caps of between $1 billion and $10 billion) among them to hold until the next filing period. This strategy delivered 18% gains over the past 12 months, more than doubling the 8% returns enjoyed by the S&P 500 ETFs.

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Maxx-Studio/Shutterstock.com

Hedge fund activity in Vodafone Group Plc (ADR) (NASDAQ:VOD)

Heading into the fourth quarter of 2016, a total of 18 of the hedge funds tracked by Insider Monkey were long this stock, an 18% decline from the second quarter of 2016, and the third quarter over the past year in which hedge fund ownership has declined. The graph below displays the number of hedge funds with bullish position in VOD over the last 5 quarters. So, let’s find out which hedge funds were among the top holders of the stock and which hedge funds were making big moves.
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Of the funds tracked by Insider Monkey, Renaissance Technologies, led by Jim Simons, holds the most valuable position in Vodafone Group Plc (ADR) (NASDAQ:VOD). Renaissance Technologies has a $152.1 million position in the stock. On Renaissance Technologies’ heels is D E Shaw, founded by David E. Shaw, holding a $77.7 million position. Some other members of the smart money that are bullish encompass Michael Messner’s Seminole Capital (Investment Mgmt), Peter Rathjens, Bruce Clarke and John Campbell’s Arrowstreet Capital, and William B. Gray’s Orbis Investment Management. We should note that Orbis Investment Management is among our list of the 100 best performing hedge funds which is based on the performance of their 13F long positions in non-microcap stocks.

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