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Hedge Funds Are Betting On InfraREIT Inc (HIFR)

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 30th, so let’s proceed with the discussion of the hedge fund sentiment on InfraREIT Inc (NYSE:HIFR).

InfraREIT Inc (NYSE:HIFR) shareholders have witnessed a decrease in enthusiasm from smart money lately. HIFR was in 19 hedge funds’ portfolios at the end of September. There were 26 hedge funds in our database with HIFR positions at the end of the previous quarter. At the end of this article, we will also compare HIFR to other stocks including Nortek Inc (NASDAQ:NTK), Tennant Company (NYSE:TNC), and Knight Capital Group Inc. (NYSE:KCG) to get a better sense of its popularity.

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According to most market participants, hedge funds are perceived as underperforming, old investment tools of the past. While there are over 8000 funds trading at present, our researchers hone in on the masters of this club, approximately 700 funds. These investment experts handle bulk of all hedge funds’ total asset base, and by observing their inimitable equity investments, Insider Monkey has figured out several investment strategies that have historically exceeded Mr. Market. Insider Monkey’s small-cap hedge fund strategy exceeded the S&P 500 index by 12 percentage points annually for a decade in their back tests.

With all of this in mind, we’re going to take a gander at the fresh action surrounding InfraREIT Inc (NYSE:HIFR).

Hedge fund activity in InfraREIT Inc (NYSE:HIFR)

Heading into Q4, a total of 19 of the hedge funds tracked by Insider Monkey held long positions in this stock, a change of -27% from the previous quarter. With hedge funds’ positions undergoing their usual ebb and flow, there exist a few key hedge fund managers who were increasing their stakes meaningfully (or already accumulated large positions).

Of the funds tracked by Insider Monkey, Ken Griffin’s Citadel Investment Group has the most valuable position in InfraREIT Inc (NYSE:HIFR), worth close to $58.1 million, comprising 0.1% of its total 13F portfolio. The second largest stake is held by Zimmer Partners, led by Stuart J. Zimmer, holding a $33.6 million position; 2.6% of its 13F portfolio is allocated to the stock. Remaining peers that hold long positions include Robert Pitts’s Steadfast Capital Management, Israel Englander’s Millennium Management, and John Orrico’s Water Island Capital.

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