Carlisle Companies, Inc. (CSL): Are Hedge Funds Right About This Stock?

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Most investors tend to think that hedge funds and other asset managers are worthless, as they cannot beat even simple index fund portfolios. In fact, most people expect hedge funds to compete with and outperform the bull market that we have witnessed over the past few years. However, hedge funds are generally partially hedged and aim at delivering attractive risk-adjusted returns rather than following the ups and downs of equity markets hoping that they will outperform the broader market. Our research shows that hedge funds do have great stock picking skills, so let’s take a glance at the smart money sentiment towards Carlisle Companies, Inc. (NYSE:CSL).

Hedge fund interest in Carlisle Companies, Inc. (NYSE:CSL) shares was flat at the end of last quarter. This is usually a negative indicator. At the end of this article we will also compare CSL to other stocks including Marine Harvest ASA (NYSE:MHG), Leggett & Platt, Inc. (NYSE:LEG), and Brookfield Property Partners LP (NYSE:BPY) to get a better sense of its popularity.

Follow Carlisle Companies Inc (NYSE:CSL)

Keeping this in mind, let’s take a peek at the new action encompassing Carlisle Companies, Inc. (NYSE:CSL).

What does the smart money think about Carlisle Companies, Inc. (NYSE:CSL)?

At Q3’s end, a total of 23 of the hedge funds tracked by Insider Monkey were long this stock, a change of 0% from the previous quarter. With hedge funds’ capital changing hands, there exists an “upper tier” of key hedge fund managers who were boosting their stakes significantly (or already accumulated large positions).

When looking at the institutional investors followed by Insider Monkey, Anand Parekh’s Alyeska Investment Group has the largest position in Carlisle Companies, Inc. (NYSE:CSL), worth close to $47.3 million, amounting to 0.6% of its total 13F portfolio. The second largest stake is held by Matthew Lindenbaum of Basswood Capital, with a $29.5 million position; the fund has 1.5% of its 13F portfolio invested in the stock. Remaining hedge funds and institutional investors that hold long positions contain Chuck Royce’s Royce & Associates, Cliff Asness’ AQR Capital Management and Steve Cohen’s Point72 Asset Management.

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