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What Does Hedge Fund Sentiment Say About Viper Energy Partners LP (VNOM)?

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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 Viper Energy Partners LP (NASDAQ:VNOM) for your portfolio? We’ll look to this invaluable collective wisdom for the answer.

Viper Energy Partners LP (NASDAQ:VNOM) shares haven’t seen a lot of action during the third quarter. Overall, hedge fund sentiment was unchanged. The stock was in 5 hedge funds’ portfolios at the end of the third quarter of 2015. At the end of this article we will also compare VNOM to other stocks including S & T Bancorp Inc (NASDAQ:STBA), Momenta Pharmaceuticals, Inc. (NASDAQ:MNTA), and Cubic Corporation (NYSE:CUB) to get a better sense of its popularity.

Follow Viper Energy Partners Lp (NASDAQ:VNOM)
Trade (NASDAQ:VNOM) Now!

At the moment there are plenty of tools stock market investors use to grade their holdings. A couple of the most useful tools are hedge fund and insider trading moves. Our researchers have shown that, historically, those who follow the top picks of the top fund managers can outperform the S&P 500 by a very impressive margin (see the details here).

With all of this in mind, we’re going to take a look at the new action surrounding Viper Energy Partners LP (NASDAQ:VNOM).

What does the smart money think about Viper Energy Partners LP (NASDAQ:VNOM)?

Heading into Q4, a total of 5 of the hedge funds tracked by Insider Monkey were bullish on this stock, a change of 0% from one quarter earlier. With hedge funds’ positions undergoing their usual ebb and flow, there exists a few notable hedge fund managers who were boosting their stakes considerably (or already accumulated large positions).

When looking at the institutional investors followed by Insider Monkey, MSDC Management, managed by Marc Lisker, Glenn Fuhrman and John Phelan, holds the biggest position in Viper Energy Partners LP (NASDAQ:VNOM). MSDC Management has a $9.2 million position in the stock, comprising 0.3% of its 13F portfolio. Coming in second is Wexford Capital, managed by Charles Davidson, which holds a $7.2 million position; 1.4% of its 13F portfolio is allocated to the company. Some other professional money managers with similar optimism encompass Kevin D. Eng’s Columbus Hill Capital Management, Jim Simons’ Renaissance Technologies and Matthew Hulsizer’s PEAK6 Capital Management.

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