Most investors tend to think that hedge funds and other asset managers are worthless, as they cannot beat even simple index fund portfolios. In fact, most people expect hedge funds to compete with and outperform the bull market that we have witnessed over the past few years. However, hedge funds are generally partially hedged and aim at delivering attractive risk-adjusted returns rather than following the ups and downs of equity markets hoping that they will outperform the broader market. Our research shows that hedge funds do have great stock picking skills, so let’s take a glance at the smart money sentiment towards Sizmek Inc (NASDAQ:SZMK).
Sizmek Inc (NASDAQ:SZMK) investors should be aware of a decrease in enthusiasm from smart money lately. SZMK was in an 8 hedge funds’ portfolios at the end of the third quarter of 2015. There were 10 hedge funds in our database with SZMK holdings at the end of the previous quarter. At the end of this article we will also compare SZMK to other stocks including Autobytel Inc. (NASDAQ:ABTL), Mattson Technology, Inc. (NASDAQ:MTSN), and First Financial Northwest, Inc. (NASDAQ:FFNW) to get a better sense of its popularity.
Now, we’re going to check out the new action regarding Sizmek Inc (NASDAQ:SZMK).
Hedge fund activity in Sizmek Inc (NASDAQ:SZMK)
At Q3’s end, a total of 8 of the hedge funds tracked by Insider Monkey were long this stock, a change of -20% from the previous quarter. With the smart money’s capital changing hands, there exists a few key hedge fund managers who were upping their holdings significantly (or already accumulated large positions).
According to publicly available hedge fund and institutional investor holdings data compiled by Insider Monkey, Roumell Asset Management, managed by Jim Roumell, holds the biggest position in Sizmek Inc (NASDAQ:SZMK). Roumell Asset Management has a $7.6 million position in the stock, comprising 15.4% of its 13F portfolio. The second largest stake is held by Stadium Capital Management, led by Alexander Medina Seaver, holding a $4.9 million position; 1.8% of its 13F portfolio is allocated to the company. Some other members of the smart money that are bullish encompass Jim Simons’ Renaissance Technologies, Chuck Royce’s Royce & Associates and D E Shaw.