Who’s Buying Micron Technology, Inc. (MU)?

Micron Technology, Inc. (NASDAQ:MU) was in 37 hedge funds’ portfolio at the end of the first quarter of 2013. MU has experienced an increase in enthusiasm from smart money lately. There were 33 hedge funds in our database with MU holdings at the end of the previous quarter.

In the eyes of most stock holders, hedge funds are perceived as underperforming, outdated investment tools of years past. While there are greater than 8000 funds with their doors open at the moment, we hone in on the aristocrats of this club, close to 450 funds. Most estimates calculate that this group has its hands on most of the smart money’s total capital, and by watching their best picks, we have identified a number of investment strategies that have historically outperformed the S&P 500 index. Our small-cap hedge fund strategy beat the S&P 500 index by 18 percentage points per year for a decade in our back tests, and since we’ve began to sharing our picks with our subscribers at the end of August 2012, we have outclassed the S&P 500 index by 23.3 percentage points in 8 months (check out a sample of our picks).

Equally as key, positive insider trading activity is a second way to parse down the financial markets. Obviously, there are many reasons for an upper level exec to get rid of shares of his or her company, but only one, very clear reason why they would initiate a purchase. Several empirical studies have demonstrated the valuable potential of this method if shareholders understand where to look (learn more here).

Keeping this in mind, we’re going to take a peek at the recent action surrounding Micron Technology, Inc. (NASDAQ:MU).

What have hedge funds been doing with Micron Technology, Inc. (NASDAQ:MU)?

Heading into Q2, a total of 37 of the hedge funds we track were long in this stock, a change of 12% from one quarter earlier. With hedgies’ sentiment swirling, there exists an “upper tier” of noteworthy hedge fund managers who were upping their holdings meaningfully.

Micron Technology, Inc. (NASDAQ:MU)Of the funds we track, William B. Gray’s Orbis Investment Management had the biggest position in Micron Technology, Inc. (NASDAQ:MU), worth close to $1.2212 billion, accounting for 10.4% of its total 13F portfolio. Sitting at the No. 2 spot is Steven Cohen of SAC Capital Advisors, with a $188.4 million position; the fund has 0.9% of its 13F portfolio invested in the stock. Some other peers that are bullish include Peter Rathjens, Bruce Clarke and John Campbell’s Arrowstreet Capital, Robert Karr’s Joho Capital and Kerr Neilson’s Platinum Asset Management.

Now, key hedge funds were breaking ground themselves. Joho Capital, managed by Robert Karr, created the biggest position in Micron Technology, Inc. (NASDAQ:MU). Joho Capital had 85.2 million invested in the company at the end of the quarter. Steven Cohen’s SAC Capital Advisors also initiated a $65.2 million position during the quarter. The other funds with brand new MU positions are Paul Marshall and Ian Wace’s Marshall Wace LLP, Michael Messner’s Seminole Capital (Investment Mgmt), and Curtis Macnguyen’s Ivory Capital (Investment Mgmt).

How are insiders trading Micron Technology, Inc. (NASDAQ:MU)?

Insider buying is at its handiest when the company in question has seen transactions within the past six months. Over the last half-year time frame, Micron Technology, Inc. (NASDAQ:MU) has experienced zero unique insiders buying, and 1 unique insider sales (see the details of insider trades here).

With the returns demonstrated by our strategies, everyday investors must always pay attention to hedge fund and insider trading activity, and Micron Technology, Inc. (NASDAQ:MU) is an important part of this process.

Click here to learn why you should track hedge funds

blog comments powered by Disqus
Insider Monkey Headlines
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

On the Move: The 10 Fastest Growing Businesses in 2015

Fast Money: The 10 Highest Paying Fast Food Restaurants

Mixing It Up: The 14 Best Music Mashups of 2014

Rito Pls Buff: The 10 Least Played Champions in LoL Season 4

10 Covers of Popular Songs that are Better than the Originals

Must See TV: The 9 Most Anticipated Shows of 2015

The 15 Biggest Box Office Bombs of All Time

10 Things The World Can’t Stand About Americans

Picture Perfect: The 6 Smartphones with the Best Cameras

The 10 Best Countries To Work In the World

A Profitable Day At The Track: 5 Tips For Betting On Horses

Tearing You Apart: 6 Bad Habits That Ruin Relationships

Learning on the Job: The 6 Biggest Mistakes Parents Make

Shopaholics Rejoice: The 12 Biggest Malls in the World

Fright Night: 10 Horror Movies Based on True Stories

Mach Mania: The 10 Fastest Jets in the World

Military Heavyweights: The 10 Countries with the Most Tanks

All In: The 7 Richest Poker Players in the World

Abracadabra: The 10 Best Magicians in the World

The 10 Richest Asian Countries in the World in 2014

Eyes in the Sky: 10 Things You Need to Know About Drones

Rising Stars: The 6 Best Silicon Valley Startups

Military Muscle: The 5 Most Advanced Armies in South America

All that Glitters: The 7 Most Luxurious Jewelry Brands in the World

5 Things You Didn’t Know About ISIS but Should

Empowering Your Money: The 5 Best Energy Stocks to Invest In

The 11 Best Android Apps You Can’t Get on iOS

The 10 Most Important International Conflicts in 2014

Mood Enhancers: The 20 Most Uplifting Songs of all Time

Lover Beware: The 8 Countries that Cheat the Most

Breath of Fresh Air: The 25 Countries with the Best Air Quality on the Planet

Singles Beware: The 8 Worst Mistakes Made on First Dates

Healthy and Happy: The 10 Countries with Lowest Healthcare Costs

The 6 Best Company Team Building Activities to Build Workplace Camaraderie

Ships Ahoy: The 10 Busiest Shipping Ports in the World

10 Productivity Tips to Save You Time and Help You Do More With Less

Grab a Bite: The Most Popular Fast Food Restaurants in America

Friday Night Thirst: The 10 Most Popular Cocktails in the World

The 6 Greatest Unsolved Mysteries We May Never Figure Out

7 Useless Products You Never Should’ve Bought

The 5 Reasons Why You’re Single and Miserable

The 7 Most Addictive Foods in the World We Can’t Stop Eating (Even Though We Should)

5 Amazing Places You Can Swim with Dolphins

The Top 7 Most Livable Countries In The World

The 10 Most Expensive Baseball Cards Ever Pulled From A Pack

The 5 Easiest Second Languages to Learn for English Speakers

Silver Spoon: The 6 Richest Families in the World

The 20 Countries with the Largest Prison Populations in the World

The Top 10 Richest Actors in the World

The 10 Best Airline Stocks to Invest In Before They Fly Too High

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!