Golar LNG Partners LP (GMLP): How It Stacks Up Against Its Peers

Page 1 of 2

A whopping number of 13F filings filed with U.S. Securities and Exchange Commission has been processed by Insider Monkey so that individual investors can look at the overall hedge fund sentiment towards the stocks included in their watchlists. These freshly-submitted public filings disclose money managers’ equity positions as of the end of the three-month period that ended September 30, so let’s proceed with the discussion of the hedge fund sentiment on Golar LNG Partners LP (NASDAQ:GMLP).

Is Golar LNG Partners LP (NASDAQ:GMLP) going to take off soon? The best stock pickers are definitely becoming hopeful. The number of bullish hedge fund investments strengthened by 2 in recent months. GMLP was in 8 hedge funds’ portfolios at the end of September. There were 6 hedge funds in our database with GMLP holdings at the end of June. 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 Air Methods Corp (NASDAQ:AIRM), SeaWorld Entertainment Inc (NYSE:SEAS), and Allianzgi NFJ Dividend int & Prm Stgy Fd (NYSE:NFJ) 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.

Cheniere LNG Tanker Shipping Ship Liquid Natural Gas Vessel Fuel Carrier

Oleksandr Kalinichenko / Shutterstock.com

Hedge fund activity in Golar LNG Partners LP (NASDAQ:GMLP)

Heading into the fourth quarter of 2016, a total of 8 of the hedge funds tracked by Insider Monkey were long this stock, a gain of 33% from the second quarter of 2016. The graph below displays the number of hedge funds with bullish positions in GMLP over the last 5 quarters, which has doubled during that time. So, let’s examine 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, Joe Huber’s Huber Capital Management has the largest position in Golar LNG Partners LP (NASDAQ:GMLP), worth close to $52 million, amounting to 2% of its total 13F portfolio. On Huber Capital Management’s heels is John Thiessen’s Vertex One Asset Management, holding a $4.2 million position. Remaining hedge funds and institutional investors with similar optimism include Millennium Management, one of the 10 largest hedge funds in the world, Jim Simons’ Renaissance Technologies, and Matthew Hulsizer’s PEAK6 Capital Management. We should note that none of these hedge funds are among our list of the 100 best performing hedge funds, which is based on the performance of their 13F long positions in non-micro-cap stocks.

Page 1 of 2