Who Actually Likes Investing In Viacom, Inc. (VIAB)?

Page 1 of 2

Viacom, Inc. (NASDAQ:VIAB) has had a gigantic 2013. How are money managers and other hedge funds treating the stock now? With a bit of profit-taking it appears.

According to many of your fellow readers, hedge funds are seen as bloated, outdated financial tools of an era lost to time. Although there are more than 8,000 hedge funds in operation today, Insider Monkey focuses on the bigwigs of this group, close to 525 funds. It is widely held that this group oversees the lion’s share of all hedge funds’ total assets, and by watching their best equity investments, we’ve figured out a number of investment strategies that have historically outpaced the broader indices. Our small-cap hedge fund strategy outpaced the S&P 500 index by 18 percentage points annually for a decade in our back tests, and since we’ve started sharing our picks with our subscribers at the end of August 2012, we have outperformed the S&P 500 index by 33 percentage points in 11 months (see all of our picks from August).

Equally as useful, positive insider trading activity is another way to analyze the investments you’re interested in. Obviously, there are a variety of motivations for an executive to sell shares of his or her company, but just one, very clear reason why they would initiate a purchase. Various academic studies have demonstrated the valuable potential of this strategy if shareholders know where to look (learn more here).

Viacom, Inc.

Keeping this in mind, we’re going to discuss the newest info surrounding Viacom, Inc. (NASDAQ:VIAB).

How are hedge funds trading Viacom, Inc. (NASDAQ:VIAB)?

Heading into Q3, a total of 47 of the hedge funds we track were long in this stock, a change of -4% from the previous quarter. With hedgies’ positions undergoing their usual ebb and flow, there exists a select group of key hedge fund managers who were boosting their holdings significantly.

According to our 13F database, Donald Yacktman’s Yacktman Asset Management had the biggest position in Viacom, Inc. (NASDAQ:VIAB), worth close to $681.7 million, comprising 3.2% of its total 13F portfolio. The second largest stake is held by Warren Buffett of Berkshire Hathaway, with a $517.5 million position; the fund has 0.6% of its 13F portfolio invested in the stock. Some other hedgies with similar optimism include Mario Gabelli’s GAMCO Investors, David Cohen and Harold Levy’s Iridian Asset Management and Steven Cohen’s SAC Capital Advisors.

Since┬áViacom, Inc. (NASDAQ:VIAB) has witnessed dropping sentiment from upper-tier hedge fund managers, logic holds that there lies a certain “tier” of hedge funds who sold off their full holdings in Q1. Interestingly, Philippe Laffont’s Coatue Management dumped the largest investment of the “upper crust” of funds we track, comprising about $160.5 million in stock. Jacob Doft’s fund, Highline Capital Management, also cut its stock, about $76.8 million worth. These bearish behaviors are intriguing to say the least, as total hedge fund interest was cut by 2 funds in Q1.

Insider trading activity in Viacom, Inc. (NASDAQ:VIAB)

Bullish insider trading is particularly usable when the company we’re looking at has experienced transactions within the past 180 days. Over the latest 180-day time period,┬áViacom, Inc. (NASDAQ:VIAB) has experienced zero unique insiders buying, and zero insider sales (see the details of insider trades here).

We’ll check out the relationship between both of these indicators in other stocks similar to Viacom, Inc. (NASDAQ:VIAB). These stocks are DISH Network Corp. (NASDAQ:DISH), Liberty Global Inc. (NASDAQ:LBTYA), Discovery Communications Inc. (NASDAQ:DISCA), Time Warner Cable Inc (NYSE:TWC), and DIRECTV (NASDAQ:DTV). This group of stocks belong to the catv systems industry and their market caps match VIAB’s market cap.

Page 1 of 2
Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

Richest Doctors in the World

The Best Movie Sountracks Ever

The Highest Grossing Musicals on Broadway

The Most Successful Reality TV Stars

Cheapest Cities to Visit in the US

Most Expensive Summer Camps

Most Expensive Animals in the World

Most Expensive Specialty Crops in the World

Movies That Took Ages to Make

The Longest Hollywood Films Ever Made

Most Expensive Concert Stages

The Richest Bands of all Time

10 Most Corrupt Countries 2013 List

10 Countries with the Highest Quality of Life Index

Most Expensive Mattresses in the World

5 Smallest Countries by Land Area

The Ultimate Heartbreak Songs

Richest Teenagers in the World

10 Most Haunted Places in America

10 Best Places to Retire in Florida East Coast

Top 10 Places to See Before You Die

Top 8 Countries in the World Where Justice Prevails

10 Richest States in America

15 Wealthiest Countries in the World

Richest Singers in the World

Most Expensive Tasting Menu in New York City

Most Expensive Baby Items in the World

Most Expensive Hotel Suites in Vegas

Most Expensive Brunch in New York City

Most Expensive Beef Cuts in the World

25 Best Colleges to Get a Job

Top 10 US Supermarkets

The 25 Most Dangerous Cities in the World to Visit

Most Expensive Xbox Games

Top 11 Cities Where Billionaires Live

Top 10 Most Charitable Companies in America

Most Expensive Seafood in the World

The 10 Wildest Conspiracy Theories

The 10 Best Job Markets in the US

Top 10 Accounting Scandals of All Time

The 25 Biggest Cities in the World

Top 10 Best Paying Virtual Jobs

Most Expensive Leather Shoes in the World

Top 6 Things to Buy in March

The 10 Most Stressful Jobs in America – 2014 List

Top 10 Jobs for Introverted People

Top 10 Honeymoon Destinations in the World

Top 10 Highest Paying Jobs in the World

Most Expensive Day-Care in New York City

The 10 Cheapest Places to Retire Abroad

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!