Hedge Funds Are Dumping Mattel, Inc. (MAT)

Page 1 of 2

Does Mattel, Inc. (NASDAQ:MAT) represent a good buying opportunity at the moment? Let’s briefly check the hedge fund sentiment towards the company. Hedge fund firms constantly search out bright intellectuals and highly-experienced employees and throw away millions of dollars on research activities, so it is no wonder why they tend to generate millions in profits each year. It is also true that some hedge fund players fail unconceivably on some occasions, but their stock picks have been generating superior risk-adjusted returns on average over the years.

Mattel, Inc. (NASDAQ:MAT) has experienced a decrease in hedge fund interest of late. MAT was in 29 hedge funds’ portfolios at the end of September. There were 34 hedge funds in our database with MAT holdings at the end of the previous quarter. The level and the change in hedge fund popularity aren’t the only variables you need to analyze to decipher hedge funds’ perspectives. A stock may witness a boost in popularity but it may still be less popular than similarly priced stocks. That’s why at the end of this article we will examine companies such as NASDAQ OMX Group, Inc. (NASDAQ:NDAQ), C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW), and Pearson PLC (ADR) (NYSE:PSO) to gather more data points.

Follow Mattel Inc (NASDAQ:MAT)

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.

Keeping this in mind, let’s go over the fresh action regarding Mattel, Inc. (NASDAQ:MAT).

What does the smart money think about Mattel, Inc. (NASDAQ:MAT)?

At the end of the third quarter, a total of 29 of the hedge funds tracked by Insider Monkey were bullish on this stock, a decrease of 15% from the previous quarter. With hedgies’ capital changing hands, there exists a few noteworthy hedge fund managers who were increasing their holdings significantly (or already accumulated large positions).
When looking at the institutional investors followed by Insider Monkey, Ariel Investments, managed by John W. Rogers, holds the biggest position in Mattel, Inc. (NASDAQ:MAT). According to its latest 13F filing, Ariel Investments has a $114.3 million position in the stock, comprising 1.4% of its 13F portfolio. The second most bullish fund manager is Blue Mountain Capital, managed by Andrew Feldstein and Stephen Siderow, which holds a $76.1 million position; 1.7% of its 13F portfolio is allocated to the stock. Other hedge funds and institutional investors that hold long positions include Israel Englander’s Millennium Management, Dmitry Balyasny’s Balyasny Asset Management and Principal Global Investors’s Columbus Circle Investors.

Page 1 of 2