Hedge Funds Are Dumping Quintiles IMS Holdings Inc (NYSE:Q)

Page 1 of 2

Reputable billionaire investors such as Nelson Peltz and David Tepper generate exorbitant profits for their wealthy accredited investors (a minimum of $1 million in investable assets would be required to invest in a hedge fund and most successful hedge funds won’t accept your savings unless you commit at least $5 million) by pinpointing winning small-cap stocks. There is little or no publicly-available information at all on some of these small companies, which makes it hard for an individual investor to pin down a winner within the small-cap space. However, hedge funds and other big asset managers can do the due diligence and analysis for you instead, thanks to their highly-skilled research teams and vast resources to conduct an appropriate evaluation process. Looking for potential winners within the small-cap galaxy of stocks? We believe following the smart money is a good starting point.

Quintiles IMS Holdings Inc (NYSE:Q) investors should be aware of a decrease in hedge fund interest of late. Q was in 34 hedge funds’ portfolios at the end of September. There were 37 hedge funds in our database with Q holdings at the end of the previous quarter. At the end of this article we will also compare Q to other stocks including Duke Realty Corp (NYSE:DRE), Huaneng Power International Inc (ADR) (NYSE:HNP), and Hanesbrands Inc. (NYSE:HBI) to get a better sense of its popularity.

Follow Iqvia Holdings Inc.

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.

researching, researcher, research, medical, lab, health, electronic, technician, screen, specialist, woman, man, serious, studying, table, surgical glasses, practitioner, male,


With all of this in mind, we’re going to review the new action regarding Quintiles IMS Holdings Inc (NYSE:Q).

How are hedge funds trading Quintiles IMS Holdings Inc (NYSE:Q)?

Heading into the fourth quarter of 2016, a total of 34 of the hedge funds tracked by Insider Monkey held long positions in this stock, a decline of 8% from one quarter earlier. Below, you can check out the change in hedge fund sentiment towards Q over the last 5 quarters. So, let’s find out which hedge funds were among the top holders of the stock and which hedge funds were making big moves.
According to publicly available hedge fund and institutional investor holdings data compiled by Insider Monkey, Larry Robbins’s Glenview Capital has the number one position in Quintiles IMS Holdings Inc (NYSE:Q), worth close to $274.1 million, comprising 2% of its total 13F portfolio. The second most bullish fund manager is Brahman Capital, led by Peter Adam Hochfelder, which holds a $257.6 million position; the fund has 9.1% of its 13F portfolio invested in the stock. Some other hedge funds and institutional investors that hold long positions contain Robert Pitts’s Steadfast Capital Management, Jacob Doft’s Highline Capital Management and Cliff Asness’s AQR Capital Management. We should note that none of these hedge funds are among our list of the 100 best performing hedge funds which is based on the performance of their 13F long positions in non-microcap stocks.

Page 1 of 2