Hedge funds and other investment firms that we track manage billions of dollars of their wealthy clients’ money, and needless to say, they are painstakingly thorough when analyzing where to invest this money, as their own wealth depends on it. Regardless of the various methods used by elite investors like David Tepper and Dan Loeb, the resources they expend are second-to-none. This is especially valuable when it comes to small-cap stocks, which is where they generate their strongest outperformance, as their resources give them a huge edge when it comes to studying these stocks compared to the average investor, which is why we intently follow their activity in the small-cap space.
Amplify Snack Brands Inc (NYSE:BETR) investors should pay attention to an increase in support from the world’s most elite money managers in recent months. BETR was in 13 hedge funds’ portfolios at the end of September. There were 0 hedge funds in our database with BETR positions at the end of the previous quarter because the company did its IPO in August. 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 Pampa Energia S.A. (ADR) (NYSE:PAM), Altisource Residential Corp (NYSE:RESI), and Standard Motor Products, Inc. (NYSE:SMP) to gather more data points.
Now, we’re going to check out the latest action encompassing Amplify Snack Brands Inc (NYSE:BETR).
How have hedgies been trading Amplify Snack Brands Inc (NYSE:BETR)?
Of the funds tracked by Insider Monkey, Christian Leone’s Luxor Capital Group has the number one position in Amplify Snack Brands Inc (NYSE:BETR), worth close to $25.5 million, corresponding to 0.6% of its total 13F portfolio. Sitting at the No. 2 spot is Levin Capital Strategies, led by John A. Levin, holding a $20.5 million position; the fund has 0.4% of its 13F portfolio invested in the stock. Some other members of the smart money with similar optimism contain Curtis Macnguyen’s Ivory Capital (Investment Mgmt), Ken Griffin’s Citadel Investment Group and Jane Mendillo’s Harvard Management Co.