Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Do Hedge Funds Love Advanced Drainage Systems Inc (WMS)?

The 700+ hedge funds and money managers tracked by Insider Monkey have already compiled and submitted their 13F filings for the third quarter, which unveil their equity positions as of September 30. We went through these filings, fixed typos and other more significant errors and identified the changes in hedge fund positions. Our extensive review of these public filings is finally over, so this article is set to reveal the smart money sentiment towards Advanced Drainage Systems Inc (NYSE:WMS).

Is Advanced Drainage Systems Inc (NYSE:WMS) ready to rally soon? The best stock pickers are surely becoming more confident. The number of bullish hedge fund bets rose by 2 lately. There were 13 hedge funds in our database with WMS positions at the end of the third quarter. At the end of this article we will also compare WMS to other stocks including Magellan Health Services Inc (NASDAQ:MGLN), Progress Software Corporation (NASDAQ:PRGS), and CYS Investments Inc (NYSE:CYS) to get a better sense of its popularity.

Follow Wms Industries Inc (NYSE:WMS)
Trade (NYSE:WMS) Now!

We follow over 700 hedge funds and other institutional investors and by analyzing their quarterly 13F filings, we identify stocks that they are collectively bullish on and develop investment strategies based on this data. One strategy that outperformed the market over the last year involves selecting the 100 best-performing funds and identifying the 30 mid-cap stocks that they are collectively most bullish on. Over the past year, this strategy generated returns of 18%, topping the 8% gain registered by S&P 500 ETFs. We launched this strategy 2.5 years ago and it returned more than 39% since then, vs. 22% gain registered by the S&P 500 ETFs.

worker, pipe, pipework, adjuster, steel, installer, heeting, valve, engineering, pump, burner, isolation, repairman, heater, steam, plumber, engineer, tube, technology,

Dmitry Kalinovsky/

Keeping this in mind, let’s take a peek at the fresh action regarding Advanced Drainage Systems Inc (NYSE:WMS).

Hedge fund activity in Advanced Drainage Systems Inc (NYSE:WMS)

Heading into the fourth quarter of 2016, a total of 13 of the hedge funds tracked by Insider Monkey held long positions in this stock, up 18% from one quarter earlier. By comparison, 12 hedge funds held shares or bullish call options in WMS heading into this year. So, let’s review which hedge funds were among the top holders of the stock and which hedge funds were making big moves.


When looking at the institutional investors followed by Insider Monkey, Joel Ramin’s 12 West Capital Management has the largest position in Advanced Drainage Systems Inc (NYSE:WMS), worth close to $87.9 million, corresponding to 12.6% of its total 13F portfolio. On 12 West Capital Management’s heels is Stockbridge Partners, led by Sharlyn C. Heslam, holding a $73.8 million position; the fund has 3.5% of its 13F portfolio invested in the stock. Remaining professional money managers that hold long positions comprise Paul Reeder and Edward Shapiro’s PAR Capital Management, Ian Simm’s Impax Asset Management and Richard S. Meisenberg’s ACK Asset Management. We should note that Impax Asset Management 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.

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.