American Airlines Group Inc (NASDAQ:AAL) was in 61 hedge funds’ portfolios at the end of March. AAL has experienced a decrease in support from the world’s most elite money managers of late. There were 76 hedge funds in our database with AAL positions at the end of the previous quarter. The level and the change in hedge fund popularity aren’t the only variables you need to analyze to decipher hedge funds’ perspectives. A stock may witness a boost in popularity, but it may still be less popular than similarly priced stocks. That’s why at the end of this article we will examine companies such as Health Care REIT, Inc. (NYSE:HCN), Dollar General Corp. (NYSE:DG), and Deere & Company (NYSE:DE) to gather more data points.
Follow American Airlines Group Inc. (NASDAQ:AAL)
Follow American Airlines Group Inc. (NASDAQ:AAL)
In the eyes of most shareholders, hedge funds are perceived as unimportant, old investment tools of yesteryear. While there are more than 8000 funds in operation at present, Our researchers hone in on the top tier of this club, approximately 700 funds. Most estimates calculate that this group of people orchestrate most of all hedge funds’ total capital, and by keeping an eye on their first-class equity investments, Insider Monkey has come up with a few investment strategies that have historically beaten Mr. Market. Insider Monkey’s small-cap hedge fund strategy outperformed the S&P 500 index by 12 percentage points per year for a decade in their back tests.
Now, we’re going to go over the latest action encompassing American Airlines Group Inc (NASDAQ:AAL).
What does the smart money think about American Airlines Group Inc (NASDAQ:AAL)?
Heading into the second quarter of 2016, a total of 61 of the hedge funds tracked by Insider Monkey were bullish on this stock, a change of -20% from the fourth quarter of 2015. With the smart money’s positions undergoing their usual ebb and flow, there exists a few noteworthy hedge fund managers who were increasing their stakes significantly (or already accumulated large positions).
According to Insider Monkey’s hedge fund database, Ross Margolies’s Stelliam Investment Management has the most valuable position in American Airlines Group Inc (NASDAQ:AAL), worth close to $191 million, corresponding to 5.9% of its total 13F portfolio. On Stelliam Investment Management’s heels is Highland Capital Management, led by James Dondero, holding a $131.2 million call position; the fund has 5.8% of its 13F portfolio invested in the stock. Some other peers that hold long positions encompass James Dondero’s Highland Capital Management, and Phill Gross and Robert Atchinson’s Adage Capital Management.
