The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. We have processed the filings of the more than 700 world-class investment firms that we track and now have access to the collective wisdom contained in these filings, which are based on their September 30 holdings, data that is available nowhere else. Should you consider OmniVision Technologies, Inc. (NASDAQ:OVTI) for your portfolio? We’ll look to this invaluable collective wisdom for the answer.
Hedge fund interest in OmniVision Technologies, Inc. (NASDAQ:OVTI) shares was flat at the end of last quarter. This is usually a negative indicator. 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 Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY), Dean Foods Co (NYSE:DF), and Eros International plc (NYSE:EROS) to gather more data points.
If you’d ask most shareholders, hedge funds are assumed to be underperforming, old financial vehicles of the past. While there are over 8000 funds in operation at the moment, Our experts look at the upper echelon of this club, approximately 700 funds. Most estimates calculate that this group of people direct the majority of all hedge funds’ total asset base, and by monitoring their first-class equity investments, Insider Monkey has unearthed numerous investment strategies that have historically outpaced the market. Insider Monkey’s small-cap hedge fund strategy exceeded the S&P 500 index by 12 percentage points annually for a decade in their back tests.
Now, let’s take a peek at the key action encompassing OmniVision Technologies, Inc. (NASDAQ:OVTI).
What have hedge funds been doing with OmniVision Technologies, Inc. (NASDAQ:OVTI)?
At the end of the third quarter, a total of 23 of the hedge funds tracked by Insider Monkey were long this stock, a change of 0% from the second quarter. With hedgies’ positions undergoing their usual ebb and flow, there exists a few noteworthy hedge fund managers who were upping their holdings meaningfully (or already accumulated large positions).
According to publicly available hedge fund and institutional investor holdings data compiled by Insider Monkey, Arrowgrass Capital Partners, managed by Nick Niell, holds the most valuable position in OmniVision Technologies, Inc. (NASDAQ:OVTI). Arrowgrass Capital Partners has a $66.1 million position in the stock, comprising 1.2% of its 13F portfolio. Sitting at the No. 2 spot is Robert Emil Zoellner of Alpine Associates, with a $36 million position; 1.4% of its 13F portfolio is allocated to the company. Other hedge funds and institutional investors that are bullish encompass Noam Gottesman’s GLG Partners, D E Shaw and Derek C. Schrier’s Indaba Capital Management.