Hedge Funds Are Dumping Fang Holdings Ltd (SFUN)

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Since Fang Holdings Ltd (NYSE:SFUN) has weathered a decline in interest from the aggregate hedge fund industry, it’s safe to say that there were a few hedgies that elected to cut their entire stakes by the end of the third quarter. It’s worth mentioning that Kerr Neilson’s Platinum Asset Management dumped the largest stake of the “upper crust” of funds followed by Insider Monkey, totaling close to $57.4 million in stock. Daniel S. Och’s fund, OZ Management, also dropped its call options, about $12.6 million worth.

Let’s now review hedge fund activity in other stocks – not necessarily in the same industry as Fang Holdings Ltd (NYSE:SFUN) but similarly valued. These stocks are Sanmina Corp (NASDAQ:SANM), Taylor Morrison Home Corp (NYSE:TMHC), Neogen Corporation (NASDAQ:NEOG), and Moog Inc (NYSE:MOG). This group of stocks’ market valuations are similar to SFUN’s market valuation.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
SANM 20 102567 -1
TMHC 9 14259 1
NEOG 10 29219 0
MOG 17 91853 1

As you can see these stocks had an average of 14 hedge funds with bullish positions and the average amount invested in these stocks was $59 million. That figure was $80 million in SFUN’s case. Sanmina Corp (NASDAQ:SANM) is the most popular stock in this table. On the other hand Taylor Morrison Home Corp (NYSE:TMHC) is the least popular one with only 9 bullish hedge fund positions. Fang Holdings Ltd (NYSE:SFUN) is not the least popular stock in this group but hedge fund interest is still below average. This is a slightly negative signal and we’d rather spend our time researching stocks that hedge funds are piling on. In this regard SANM might be a better candidate to consider taking a long position in.

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Disclosure: None




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