You probably know from experience that there is not as much information on small-cap companies as there is on large companies. Of course, this makes it really hard and difficult for individual investors to make proper and accurate analysis of certain small-cap companies. However, well-known and successful hedge fund investors like Carl Icahn and George Soros hold the necessary resources and abilities to conduct an extensive stock analysis on small-cap stocks, which enable them to make millions of dollars by identifying potential winners within the small-cap galaxy of stocks. This represents the main reason why Insider Monkey takes notice of the hedge fund activity in these overlooked stocks.
In this article, we are going to take a look at the hedge fund sentiment towards Brightcove Inc (NASDAQ:BCOV). Overall, the hedge fund interest was unchanged last quarter, which is usually a negative indicator. At the end of this article we will also compare BCOV to other stocks including Cohu, Inc. (NASDAQ:COHU), Jive Software Inc (NASDAQ:JIVE), and LSB Industries, Inc. (NYSE:LXU) to get a better sense of its popularity.
At Insider Monkey, we’ve developed an investment strategy that has delivered market-beating returns over the past 12 months. Our strategy identifies the 100 best-performing funds of the previous quarter from among the collection of 700+ successful funds that we track in our database, which we accomplish using our returns methodology. We then study the portfolios of those 100 funds using the latest 13F data to uncover the 30 most popular mid-cap stocks (market caps of between $1 billion and $10 billion) among them to hold until the next filing period. This strategy delivered 18% gains over the past 12 months, more than doubling the 8% returns enjoyed by the S&P 500 ETFs.
Keeping this in mind, we’re going to go over the recent action regarding Brightcove Inc (NASDAQ:BCOV).
What have hedge funds been doing with Brightcove Inc (NASDAQ:BCOV)?
At the end of September, 17 hedge funds tracked by Insider Monkey were bullish on Brightcove Inc (NASDAQ:BCOV), unchanged over the quarter. Below, you can check out the change in hedge fund sentiment towards BCOV over the last five quarters. So, let’s find out which hedge funds were among the top holders of the stock and which hedge funds were making big moves.
According to Insider Monkey’s hedge fund database, Jim Simons’ Renaissance Technologies holds the biggest position in Brightcove Inc (NASDAQ:BCOV). Renaissance Technologies has a $18.4 million position in the stock, comprising less than 0.1%% of its 13F portfolio. The second most bullish fund is George McCabe’s Portolan Capital Management, with a $7.7 million position; the fund has 1.1% of its 13F portfolio invested in the stock. Other peers with similar optimism consist of Peter Rathjens, Bruce Clarke and John Campbell’s Arrowstreet Capital, Josh Goldberg’s G2 Investment Partners Management and Peter Algert and Kevin Coldiron’s Algert Coldiron Investors. We should note that none of these hedge funds are among our list of the 100 best performing hedge funds which is based on the performance of their 13F long positions in non-microcap stocks.