Hedge funds and other investment firms run by legendary investors like Israel Englander and Ray Dalio are entrusted to manage billions of dollars of accredited investors’ money because they are without peer in the resources they use to identify the best investments for their chosen investment horizon. Moreover, they are more willing to invest a greater amount of their resources in small-cap stocks than big brokerage houses, and this is often where they generate their outperformance, which is why we pay particular attention to their best ideas in this space.
COMSCORE, Inc. (NASDAQ:SCOR) was in 14 hedge funds’ portfolios at the end of September. SCOR has experienced a decrease in enthusiasm from smart money of late. There were 23 hedge funds in our database with SCOR 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 ESCO Technologies Inc. (NYSE:ESE), Kaman Corporation (NYSE:KAMN), and Standex Int’l Corp. (NYSE:SXI) to gather more data points.
At Insider Monkey, we’ve developed an investment strategy that has delivered market-beating returns over the past 12 months. Our strategy identifies the 100 best-performing funds of the previous quarter from among the collection of 700+ successful funds that we track in our database, which we accomplish using our returns methodology. We then study the portfolios of those 100 funds using the latest 13F data to uncover the 30 most popular mid-cap stocks (market caps of between $1 billion and $10 billion) among them to hold until the next filing period. This strategy delivered 18% gains over the past 12 months, more than doubling the 8% returns enjoyed by the S&P 500 ETFs.
With all of this in mind, let’s take a look at the fresh action surrounding COMSCORE, Inc. (NASDAQ:SCOR).
How have hedgies been trading COMSCORE, Inc. (NASDAQ:SCOR)?
At the end of the third quarter, a total of 14 of the hedge funds tracked by Insider Monkey were bullish on this stock, a decline of 39% from the previous quarter. On the other hand, there were a total of 21 hedge funds with a bullish position in SCOR at the beginning of this year. 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).
Of the funds tracked by Insider Monkey, Brett Barakett’s Tremblant Capital has the number one position in COMSCORE, Inc. (NASDAQ:SCOR), worth close to $50.2 million, comprising 2.8% of its total 13F portfolio. Coming in second is Pivot Point Capital, led by James A. Noonan, which holds a $36.3 million position; the fund has 27.3% of its 13F portfolio invested in the stock. Other members of the smart money that hold long positions consist of Robert G. Moses’ RGM Capital, Brian Bares’ Bares Capital Management and Peter Adam Hochfelder’s Brahman Capital. We should note that RGM Capital is among our list of the 100 best performing hedge funds which is based on the performance of their 13F long positions in non-microcap stocks.