PVH Corp (NYSE:PVH) was in 32 hedge funds’ portfolio at the end of December. pvh shareholders have witnessed an increase in hedge fund interest of late. There were 23 hedge funds in our database with pvh holdings at the end of the previous quarter.
In today’s marketplace, there are plenty of metrics shareholders can use to track the equity markets. A duo of the most innovative are hedge fund and insider trading movement. At Insider Monkey, our research analyses have shown that, historically, those who follow the top picks of the best investment managers can trounce the broader indices by a very impressive margin (see just how much).
Equally as integral, optimistic insider trading sentiment is a second way to parse down the world of equities. Obviously, there are a variety of stimuli for a bullish insider to downsize shares of his or her company, but only one, very obvious reason why they would initiate a purchase. Several empirical studies have demonstrated the valuable potential of this method if you understand where to look (learn more here).
With all of this in mind, let’s take a glance at the latest action encompassing PVH Corp (NYSE:PVH).
How have hedgies been trading PVH Corp (NYSE:PVH)?
Heading into 2013, a total of 32 of the hedge funds we track held long positions in this stock, a change of 39% from the third quarter. With hedgies’ sentiment swirling, there exists an “upper tier” of notable hedge fund managers who were increasing their stakes substantially.
When looking at the hedgies we track, Citadel Investment Group, managed by Ken Griffin, holds the largest position in PVH Corp (NYSE:PVH). Citadel Investment Group has a $214 million billion position in the stock, comprising 0.3% of its 13F portfolio. The second largest stake is held by Phill Gross and Robert Atchinson of Adage Capital Management, with a $189 million position; 5.7% of its 13F portfolio is allocated to the company. Some other hedge funds that hold long positions include Michael Karsch’s Karsch Capital Management, Glenn Fuhrman and John Phelan’s MSD Capital and Alexander Mitchell’s Scopus Asset Management.
Now, key hedge funds have been driving this bullishness. Karsch Capital Management, managed by Michael Karsch, established the most valuable position in PVH Corp (NYSE:PVH). Karsch Capital Management had 85 million invested in the company at the end of the quarter. Doug Silverman’s Senator Investment Group also made a $72 million investment in the stock during the quarter. The following funds were also among the new pvh investors: Dan Loeb’s Third Point, David Stemerman’s Conatus Capital Management, and Robert Pitts’s Steadfast Capital Management.
What have insiders been doing with PVH Corp (NYSE:PVH)?
Insider buying is particularly usable when the company in question has experienced transactions within the past half-year. Over the last 180-day time frame, PVH Corp (NYSE:PVH) has experienced zero unique insiders purchasing, and 9 insider sales (see the details of insider trades here).
With the results demonstrated by Insider Monkey’s studies, everyday investors should always monitor hedge fund and insider trading sentiment, and PVH Corp (NYSE:PVH) is no exception.
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