A whopping number of 13F filings filed with U.S. Securities and Exchange Commission has been processed by Insider Monkey so that individual investors can look at the overall hedge fund sentiment towards the stocks included in their watchlists. These freshly-submitted public filings disclose money managers’ equity positions as of the end of the three-month period that ended September 30, so let’s proceed with the discussion of the hedge fund sentiment on Mantech International Corp (NASDAQ:MANT) .
Mantech International Corp (NASDAQ:MANT) has seen a decrease in enthusiasm from smart money lately. MANT was in 11 hedge funds’ portfolios at the end of September. There were 12 hedge funds in our database with MANT holdings at the end of the previous quarter. At the end of this article we will also compare MANT to other stocks including Silver Standard Resources Inc. (USA) (NASDAQ:SSRI), DeVry Inc. (NYSE:DV), and Vonage Holdings Corp. (NYSE:VG) 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.
With all of this in mind, we’re going to take a look at the recent action surrounding Mantech International Corp (NASDAQ:MANT).
How are hedge funds trading Mantech International Corp (NASDAQ:MANT)?
At the end of the third quarter, a total of 11 of the hedge funds tracked by Insider Monkey held long positions in this stock, a change of -8% from the previous quarter. On the other hand, there were a total of 16 hedge funds with a bullish position in MANT at the beginning of this year. With hedgies’ positions undergoing their usual ebb and flow, there exists a select group of key hedge fund managers who were boosting their holdings substantially (or already accumulated large positions).
When looking at the institutional investors followed by Insider Monkey, Cliff Asness’ AQR Capital Management has the biggest position in Mantech International Corp (NASDAQ:MANT), worth close to $5.4 million, comprising less than 0.1% of its total 13F portfolio. The second most bullish fund manager is Adage Capital Management, led by Phill Gross and Robert Atchinson, which holds a $1.4 million position; the fund has less than 0.1% of its 13F portfolio invested in the stock. Other professional money managers with similar optimism comprise Peter Algert and Kevin Coldiron’s Algert Coldiron Investors, Murray Stahl’s Horizon Asset Management and Brian Taylor’s Pine River 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.