Insider Monkey finished processing more than 700 13F filings made by hedge funds and prominent investors. These filings show these funds’ portfolio positions as of September 30. In this article we are going to take a look at smart money sentiment towards Visteon Corp (NYSE:VC).
Visteon Corp (NYSE:VC) has seen a decrease in hedge fund interest in recent months. VC was in 56 hedge funds’ portfolios at the end of the third quarter of 2015. There were 57 hedge funds in our database with VC holdings 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 Old Republic International Corporation (NYSE:ORI), Juno Therapeutics Inc (NASDAQ:JUNO), and United Microelectronics Corp (ADR) (NYSE:UMC) to gather more data points.
In the financial world there are a large number of gauges shareholders have at their disposal to grade publicly traded companies. A couple of the most underrated gauges are hedge fund and insider trading indicators. Our researchers have shown that, historically, those who follow the best picks of the elite money managers can trounce the S&P 500 by a significant amount (see the details here).
Keeping this in mind, let’s view the key action regarding Visteon Corp (NYSE:VC).
Hedge fund activity in Visteon Corp (NYSE:VC)
Heading into Q4, a total of 56 of the hedge funds tracked by Insider Monkey held long positions in this stock, a change of -2% from one quarter earlier. With the smart money’s positions undergoing their usual ebb and flow, there exists a few noteworthy hedge fund managers who were boosting their holdings considerably (or already accumulated large positions).
According to Insider Monkey’s hedge fund database, Solus Alternative Asset Management, managed by Christopher Pucillo, holds the number one position in Visteon Corp (NYSE:VC). Solus Alternative Asset Management has a $252.8 million position in the stock, comprising 37.9% of its 13F portfolio. The second most bullish fund manager is Iridian Asset Management, led by David Cohen and Harold Levy, holding a $209.2 million position; the fund has 1.8% of its 13F portfolio invested in the stock. Remaining members of the smart money that hold long positions comprise Thomas Ellis and Todd Hammer’s North Run Capital, Phill Gross and Robert Atchinson’s Adage Capital Management and Steve Cohen’s Point72 Asset Management.