At Insider Monkey, we pore over the filings of more than 700 top investment firms every quarter, a process we have now completed for the latest reporting period. The data we’ve gathered as a result gives us access to a wealth of collective knowledge based on these firms’ portfolio holdings as of September 30. In this article, we will use that wealth of knowledge to determine whether or not Silgan Holdings Inc. (NASDAQ:SLGN) makes for a good investment right now.
Silgan Holdings Inc. (NASDAQ:SLGN) shareholders have witnessed a decrease in support from the world’s most elite money managers lately. At the end of this article we will also compare SLGN to other stocks including Popular Inc (NASDAQ:BPOP), Microsemi Corporation (NASDAQ:MSCC), and Whiting Petroleum Corp (NYSE:WLL) to get a better sense of its popularity.
At the moment there are tons of metrics investors use to evaluate publicly traded companies. A couple of the less known metrics are hedge fund and insider trading activity. We have shown that, historically, those who follow the top picks of the elite money managers can trounce the broader indices by a significant amount (see the details here).
With all of this in mind, let’s take a look at the fresh action regarding Silgan Holdings Inc. (NASDAQ:SLGN).
How are hedge funds trading Silgan Holdings Inc. (NASDAQ:SLGN)?
Heading into Q4, a total of 9 of the hedge funds tracked by Insider Monkey were bullish on this stock, a change of -25% from one quarter earlier. With hedgies’ sentiment swirling, there exists an “upper tier” of noteworthy hedge fund managers who were upping their holdings considerably (or already accumulated large positions).
According to Insider Monkey’s hedge fund database, Cardinal Capital, managed by Amy Minella, holds the biggest position in Silgan Holdings Inc. (NASDAQ:SLGN). Cardinal Capital has a $48.2 million position in the stock, comprising 3% of its 13F portfolio. Sitting at the No. 2 spot is Lee Munder of Lee Munder Capital Group, with a $12.7 million position; the fund has 0.3% of its 13F portfolio invested in the stock. Other members of the smart money that are bullish include Brian Taylor’s Pine River Capital Management, D. E. Shaw’s D E Shaw and Murray Stahl’s Horizon Asset Management.