A $28.5B Fund Expands Stake in Cemex SAB de CV (ADR) (CX)

In the smart money’s world, Ole Andreas Halvorsen’s Viking Global recently reported a purchase of 12,962,070 shares of Cemex SAB de CV (ADR) (NYSE:CX) in a 13G filing with the Securities and Exchange Commission. In total, the position in Cemex SAB de CV (ADR) (NYSE:CX) now comprises 57,375,728 shares and is worth about $654.7 million.

Looking at the entire picture, 13G filings tell us the intentions of passive fund managers. These members of the “investing elite” aren’t exposed to an equal level of coverage as their activist peers, but passive managers, should be keyed on in a similar light.

Andreas Halvorsen

In layman’s terms, it’s very important for everyday investors to pay attention to Ole Andreas Halvorsen’s latest play into Cemex SAB de CV (ADR) (NYSE:CX).

Despite the fact that most shareholders keep a close eye on a variety of investing measures, there is one that is especially important: aggregate hedge fund sentiment.

Quantitative analyses have discovered that mimickers who follow specific hedge fund activity can trounce their index-focused peers by about 18 percentage points each year. (See the details here)

Focusing on Company, we can see that more than 20 other hedge funds were invested in Company, according to our database. In particular, Mason Hawkins’ Southeastern Asset Management, Clint Carlson’s Carlson Capital, and Roberto Mignone’s Bridger Management held shares of Company, which is some of the best company any hedge fund can be in the same vicinity as.

Equally as important, we must tell you a few other holdings in Viking Global’s equity portfolio, in addition to Cemex SAB de CV (ADR) (NYSE:CX).

As follows, they include Citigroup Inc. (NYSE:C), Time Warner Inc (NYSE:TWX), and QUALCOMM, Inc. (NASDAQ:QCOM), and are discussed on the following page: