American International Group Inc (AIG): Hedge Funds Are Snapping Up Amid Activist Targeting

In today’s marketplace there are a large number of indicators stock traders have at their disposal to value publicly traded companies. A duo of the most underrated indicators are hedge fund and insider trading activity. Our experts have shown that, historically, those who follow the best picks of the elite investment managers can outpace the market by a significant amount (see the details here).

Now, let’s take a peek at the latest action regarding American International Group Inc (NYSE:AIG).

How are hedge funds trading American International Group Inc (NYSE:AIG)?

At the end of the fourth quarter, a total of 101 of the hedge funds tracked by Insider Monkey were bullish on this stock, up by 7% from one quarter earlier. With hedgies’ capital changing hands, there exists a few noteworthy hedge fund managers who were increasing their stakes considerably (or already accumulated large positions).

According to publicly available hedge fund and institutional investor holdings data compiled by Insider Monkey, Carl Icahn’s Icahn Capital LP has the most valuable position in American International Group Inc (NYSE:AIG), worth close to $2.62 billion, comprising 8.9% of its total 13F portfolio. Sitting at the No. 2 spot is Paulson & Co, led by John Paulson, holding a $719.1 million position; the fund has 4.3% of its 13F portfolio invested in the stock. Some other hedge funds and institutional investors that hold long positions comprise Michael Lowenstein’s Kensico Capital, Robert Rodriguez and Steven Romick’s First Pacific Advisors LLC and Bruce Berkowitz’s Fairholme (FAIRX).