Should MarketAxess Holdings Inc. (NASDAQ:MKTX) investors track the following data?
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Furthermore, it’s important to discuss the newest info about MarketAxess Holdings Inc. (NASDAQ:MKTX).
How have hedgies been trading MarketAxess Holdings Inc. (NASDAQ:MKTX)?
At the end of the second quarter, a total of 7 of the hedge funds we track were long in this stock, a change of -22% from one quarter earlier. With hedge funds’ sentiment swirling, there exists a few key hedge fund managers who were boosting their holdings meaningfully.
According to our 13F database, Jim Simons’s Renaissance Technologies had the largest position in MarketAxess Holdings Inc. (NASDAQ:MKTX), worth close to $23.4 million, accounting for 0.1% of its total 13F portfolio. Sitting at the No. 2 spot is D. E. Shaw of D E Shaw, with a $20 million position; the fund has less than 0.1%% of its 13F portfolio invested in the stock. Other peers that hold long positions include Ken Griffin’s Citadel Investment Group, and Cliff Asness’s AQR Capital Management.
Judging by the fact that MarketAxess Holdings Inc. (NASDAQ:MKTX) has faced dropping sentiment from the smart money’s best and brightest, we can see that there were a few hedgies who were dropping their full holdings heading into Q2. Intriguingly, Mike Vranos’s Ellington said goodbye to the largest position of the 450+ funds we track, valued at close to $1 million in stock, and John Overdeck and David Siegel of Two Sigma Advisors was right behind this move, as the fund dropped about $0.9 million worth. These moves are intriguing to say the least, as aggregate hedge fund interest fell by 2 funds heading into Q2.
How have insiders been trading MarketAxess Holdings Inc. (NASDAQ:MKTX)?
Legal insider trading, particularly when it’s bullish, is at its handiest when the company in question has experienced transactions within the past half-year. Over the latest six-month time period, MarketAxess Holdings Inc. (NASDAQ:MKTX) has experienced zero unique insiders buying, and zero insider sales (see the details of insider trades here).
We’ll also examine the relationship between both of these indicators in other stocks similar to MarketAxess Holdings Inc. (NASDAQ:MKTX). These stocks are LPL Financial Holdings Inc (NASDAQ:LPLA), Piper Jaffray Companies (NYSE:PJC), E TRADE Financial Corporation (NASDAQ:ETFC), BGC Partners, Inc. (NASDAQ:BGCP), and Interactive Brokers Group, Inc. (NASDAQ:IBKR). This group of stocks belong to the investment brokerage – national industry and their market caps are closest to MKTX’s market cap.