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Hedge Funds Are Selling Teradata Corporation (TDC)

We, at Insider Monkey, have gone over 700 13F filings that hedge funds and prominent investors are required to file by the government. The 13F filings show the funds’ and investors’ portfolio positions as of September 30. In this article, we look at what those investors think of Teradata Corporation (NYSE:TDC).

Is Teradata Corporation (NYSE:TDC) an outstanding investment today? Money managers are becoming less hopeful. The number of bullish hedge fund bets retreated by an 8 in recent months. Teradata Corporation (NYSE:TDC) was in 22 hedge funds’ portfolios at the end of September. There were 30 hedge funds in our database with Teradata Corporation (NYSE:TDC) holdings at the end of the previous quarter. At the end of this article, we will also compare Teradata Corporation (NYSE:TDC) to other stocks, including Weingarten Realty Investors (NYSE:WRI), Visteon Corp (NYSE:VC), and Old Republic International Corporation (NYSE:ORI) to get a better sense of its popularity.

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According to most shareholders, hedge funds are perceived as underperforming, old investment tools of the past. While there are more than an 8000 funds in operation at present, We choose to focus on the elite of this group, approximately 700 funds. These money managers handle the lion’s share of the smart money’s total capital, and by observing their highest performing stock picks, Insider Monkey has formulated many investment strategies that have historically surpassed the market. Insider Monkey’s small-cap hedge fund strategy beat the S&P 500 index by 12 percentage points per year for a decade in their back tests.

Keeping this in mind, we’re going to take a peek at the new action regarding Teradata Corporation (NYSE:TDC).

How have hedgies been trading Teradata Corporation (NYSE:TDC)?

At the end of the third quarter, a total of 22 of the hedge funds tracked by Insider Monkey held long positions in this stock, a decline of 27% from one quarter earlier. With the smart money’s positions undergoing their usual ebb and flow, there exists an “upper tier” of notable hedge fund managers who were upping their holdings considerably (or already accumulated large positions).

According to Insider Monkey’s hedge fund database, Charles de Vaulx’s International Value Advisers has the most valuable position in Teradata Corporation (NYSE:TDC), worth close to $114 million, amounting to 3% of its total 13F portfolio. On International Value Advisers’ heels is Carlson Capital, led by Clint Carlson, holding a $89.2 million position; 1% of its 13F portfolio is allocated to the stock. Other professional money managers that are bullish encompass Ken Griffin’s Citadel Investment Group, David Harding’s Winton Capital Management, and Joel Greenblatt’s Gotham Asset Management.

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