In the smart money’s world, Steven Cohen’s Sac Capital Advisors purchased 727,932 shares of American Woodmark Corporation (NASDAQ:AMWD) in a 13G filing with the SEC. Altogether, the position in American Woodmark is now worth close to $23,559,885, an increase of 4,073%.
Looking at the entire picture, 13Gs indicate the intent of passive hedge fund managers. These members of the “investing elite”aren’t privy to an equal level of coverage as their activist equals, but passive managers should be monitored as well.
Basically, it’s extremely important for retail investors to understand Steven Cohen’s recent move into American Woodmark Corporation (NASDAQ:AMWD).
Despite the fact that most shareholders keep a close eye on plenty of investing methods of evaluation, there exists one that is especially crucial: total hedge fund sentiment.
Our research has demonstrated that those who follow specific hedge fund activity can out-jump Mr. Market by 18 percentage points a year.
Focusing in on American Woodmark Corporation (NASDAQ:AMWD), we can see that 10 other hedge funds were bullish at the end of last quarter. In particular, Chuck Royce’s Royce & Associates with 1,256,569 shares in the company, Jim Simons’ Renaissance Technologies with 250,301 shares, and Richard Driehaus’ Driehaus Capital‘s position of 61,336 shares, were long. This is some of the top company a hedgie can maintain.
Moreover, we should mention a few other positions in Sac Capital Advisors’ 13F portfolio, in addition to American Woodmark Corporation (NASDAQ:AMWD). As follows, they include News Corp (NASDAQ:NWS), eBay Inc (NASDAQ:EBAY) and Facebook Inc (NASDAQ:FB), and are discussed on the next page: