Noah Holdings Limited (ADR) (NYSE:NOAH) was in 6 hedge funds’ portfolio at the end of the first quarter of 2013. NOAH investors should pay attention to an increase in hedge fund interest of late. There were 3 hedge funds in our database with NOAH holdings at the end of the previous quarter.
In the financial world, there are tons of gauges shareholders can use to analyze stocks. A pair of the most underrated are hedge fund and insider trading activity. At Insider Monkey, our research analyses have shown that, historically, those who follow the top picks of the top hedge fund managers can trounce the market by a superb margin (see just how much).
Equally as integral, bullish insider trading sentiment is another way to break down the financial markets. Just as you’d expect, there are a number of stimuli for an executive to get rid of shares of his or her company, but only one, very clear reason why they would behave bullishly. Several empirical studies have demonstrated the valuable potential of this tactic if investors know where to look (learn more here).
Consequently, it’s important to take a gander at the key action encompassing Noah Holdings Limited (ADR) (NYSE:NOAH).
Hedge fund activity in Noah Holdings Limited (ADR) (NYSE:NOAH)
At the end of the first quarter, a total of 6 of the hedge funds we track were bullish in this stock, a change of 100% from the previous quarter. With hedgies’ positions undergoing their usual ebb and flow, there exists an “upper tier” of key hedge fund managers who were boosting their stakes significantly.
When looking at the hedgies we track, Renaissance Technologies, managed by Jim Simons, holds the largest position in Noah Holdings Limited (ADR) (NYSE:NOAH). Renaissance Technologies has a $1.6 million position in the stock, comprising less than 0.1%% of its 13F portfolio. Coming in second is Chilton Investment Company, managed by Richard Chilton, which held a $0.4 million position; the fund has less than 0.1%% of its 13F portfolio invested in the stock. Remaining hedgies that are bullish include Israel Englander’s Millennium Management, Matthew Hulsizer’s PEAK6 Capital Management and Charles Clough’s Clough Capital Partners.
As one would reasonably expect, key hedge funds have been driving this bullishness. Chilton Investment Company, managed by Richard Chilton, assembled the most valuable position in Noah Holdings Limited (ADR) (NYSE:NOAH). Chilton Investment Company had 0.4 million invested in the company at the end of the quarter. Matthew Hulsizer’s PEAK6 Capital Management also initiated a $0.3 million position during the quarter. The only other fund with a new position in the stock is D. E. Shaw’s D E Shaw.
What have insiders been doing with Noah Holdings Limited (ADR) (NYSE:NOAH)?
Bullish insider trading is particularly usable when the company in question has experienced transactions within the past 180 days. Over the latest six-month time frame, Noah Holdings Limited (ADR) (NYSE:NOAH) has seen zero unique insiders buying, and zero insider sales (see the details of insider trades here).
With the returns exhibited by the aforementioned tactics, everyday investors should always watch hedge fund and insider trading sentiment, and Noah Holdings Limited (ADR) (NYSE:NOAH) is an important part of this process.