The SEC requires hedge funds and wealthy investors with over a certain portfolio size to file a report that shows their positions at the end of every quarter. Even though it isn’t the intention, these filings level the playing field for ordinary investors. The latest round of 13F filings discloses the funds’ positions on September 30. We at Insider Monkey have compiled an extensive database of more than 700 of those elite funds and prominent investors’ filings. In this article, we analyze how these elite funds and prominent investors traded VimpelCom Ltd (ADR) (NASDAQ:VIP) based on those filings.
VimpelCom Ltd (ADR) (NASDAQ:VIP) shareholders have witnessed an increase in activity from the world’s largest hedge funds recently. At the end of this article we will also compare VIP to other stocks including Turquoise Hill Resources Ltd (NYSE:TRQ), EQT GP Holdings LP (NYSE:EQGP), and Carlisle Companies, Inc. (NYSE:CSL) to get a better sense of its popularity.
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.
Now, we’re going to take a look at the new action regarding VimpelCom Ltd (ADR) (NASDAQ:VIP).
How have hedgies been trading VimpelCom Ltd (ADR) (NASDAQ:VIP)?
At the end of the third quarter, a total of 22 of the hedge funds tracked by Insider Monkey were long this stock, a massive jump of 120% from the second quarter of 2016. With hedge funds’ sentiment swirling, there exists a select group of key hedge fund managers who were increasing their holdings considerably (or already accumulated large positions).
According to publicly available hedge fund and institutional investor holdings data compiled by Insider Monkey, Abrams Capital Management, run by David Abrams, holds the biggest position in VimpelCom Ltd (ADR) (NASDAQ:VIP). According to regulatory filings, the fund has a $65.3 million position in the stock, comprising 3.2% of its 13F portfolio. On Abrams Capital Management’s heels is Laurion Capital Management, led by Benjamin A. Smith, holding a $41.6 million position; the fund has 0.4% of its 13F portfolio invested in the stock. Remaining members of the smart money that are bullish consist of John W. Moon’s Moon Capital, Thomas Steyer’s Farallon Capital and Howard Marks’s Oaktree Capital Management.