Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

What Do Hedge Funds Think of Big Lots, Inc. (BIG)?

Page 1 of 2

The third quarter was a rough one for most investors, as fears of an interest rate hike in the U.S, a weakening economy in China, and a stagnant Europe, weighed heavily on the minds of investors. Both the S&P 500 and Russell 2000 sank as a result, with the Russell 2000, which is composed of smaller companies, being hit especially hard. This was primarily due to hedge funds, which are big supporters of small-cap stocks, pulling some of their capital out of the volatile markets during this time. Let’s look at how this market volatility affected the sentiment of hedge funds towards Big Lots, Inc. (NYSE:BIG), and what that likely means for the prospects of the company and its stock.

Is Big Lots, Inc. (NYSE:BIG) a healthy stock for your portfolio? Prominent investors are reducing their bets on the stock. The number of long hedge fund positions went down by 6 in recent months. At the end of this article we will also compare BIG to other stocks including CLARCOR Inc. (NYSE:CLC), Prestige Brands Holdings, Inc. (NYSE:PBH), and Snyder S Lance Inc (NASDAQ:LNCE) to get a better sense of its popularity.

Follow Big Lots Inc (NYSE:BIG)
Trade (NYSE:BIG) Now!

In the eyes of most investors, hedge funds are viewed as underperforming, outdated financial vehicles of yesteryear. While there are over 8000 funds in operation at the moment, Our researchers choose to focus on the upper echelon of this club, approximately 700 funds. These money managers watch over the lion’s share of the hedge fund industry’s total asset base, and by observing their first-class equity investments, Insider Monkey has found many investment strategies that have historically outperformed the S&P 500 index. Insider Monkey’s small-cap hedge fund strategy outperformed the S&P 500 index by 12 percentage points per year for a decade in their back tests.

Now, let’s take a glance at the latest action surrounding Big Lots, Inc. (NYSE:BIG).

How have hedgies been trading Big Lots, Inc. (NYSE:BIG)?

At Q3’s end, a total of 18 of the hedge funds tracked by Insider Monkey were long this stock, a change of -25% from the second quarter. With hedgies’ capital changing hands, there exists a few notable hedge fund managers who were upping their stakes meaningfully (or already accumulated large positions).

Of the funds tracked by Insider Monkey, Ken Griffin’s Citadel Investment Group has the number one position in Big Lots, Inc. (NYSE:BIG), worth close to $68.5 million, accounting for 0.1% of its total 13F portfolio. The second most bullish fund manager is AQR Capital Management, managed by Cliff Asness, which holds a $67.4 million position; 0.1% of its 13F portfolio is allocated to the stock. Other professional money managers that are bullish comprise Joel Greenblatt’s Gotham Asset Management, Jim Simons’s Renaissance Technologies and Peter Muller’s PDT Partners.

Page 1 of 2

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...
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 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!