Details of Hedge Funds Activity around Ford Motor Company (NYSE:F)
The total value of hedge funds’ investment in Ford Motor Company (NYSE:F) as of March 31 was $832 million, decline from $1.02 billion in stock held by funds we track at the end of 2014, which clearly depicts that hedge funds’ holdings in Ford plummeted, especially as shares were also up by 3% during the quarter.
According to hedge fund intelligence website Insider Monkey, Pzena Investment Management, managed by Richard S. Pzena, holds the number one position in Ford Motor Company (NYSE:F), worth $284.7 million and comprising 1.6% of its 13F portfolio. Ken Heebner’s Capital Growth Management has the second-largest stake in Ford, worth $94.1 million, comprising 2.6% of its 13F portfolio. Phill Gross and Robert Atchinson‘s Adage Capital Management, David Harding‘s Winton Capital Management, and Gordy Holterman and Derek Dunn’s Overland Advisors are some of the other famous hedge funds with stakes in Ford.
Although Ford Motor Company (NYSE:F)’s hedge fund sentiment is not impressive, the recent upgrade of the company’s rating by Goldman Sachs, and recent insider purchase, and the prospects for its growth in North America, along with a solid dividend yield of 3.87% make it a decent option for investors. We recommend a ‘Buy’ of Ford at this time.