Autoliv Inc. (NYSE:ALV) was in 10 hedge funds’ portfolio at the end of the fourth quarter of 2012. ALV has experienced a decrease in enthusiasm from smart money in recent months. There were 13 hedge funds in our database with ALV positions at the end of the previous quarter.
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Now, let’s take a glance at the key action surrounding Autoliv Inc. (NYSE:ALV).
What have hedge funds been doing with Autoliv Inc. (NYSE:ALV)?
At year’s end, a total of 10 of the hedge funds we track held long positions in this stock, a change of -23% from the third quarter. With the smart money’s sentiment swirling, there exists a select group of key hedge fund managers who were boosting their stakes meaningfully.
According to our comprehensive database, AQR Capital Management, managed by Cliff Asness, holds the most valuable position in Autoliv Inc. (NYSE:ALV). AQR Capital Management has a $19 million position in the stock, comprising 0.1% of its 13F portfolio. On AQR Capital Management’s heels is Legg Mason Capital Management, managed by Bill Miller, which held a $12 million position; the fund has 0.2% of its 13F portfolio invested in the stock. Remaining hedgies with similar optimism include Chuck Royce’s Royce & Associates, Michael Larson’s Bill & Melinda Gates Foundation Trust and David Keidan’s Buckingham Capital Management.
Judging by the fact that Autoliv Inc. (NYSE:ALV) has witnessed declining sentiment from the smart money, logic holds that there was a specific group of funds that elected to cut their entire stakes last quarter. At the top of the heap, John Armitage’s Egerton Capital Limited sold off the largest position of all the hedgies we track, valued at close to $30 million in stock.. Ben Levine, Andrew Manuel and Stefan Renold’s fund, LMR Partners, also dropped its stock, about $6 million worth. These transactions are intriguing to say the least, as total hedge fund interest was cut by 3 funds last quarter.
What have insiders been doing with Autoliv Inc. (NYSE:ALV)?
Bullish insider trading is best served when the company in question has seen transactions within the past 180 days. Over the latest six-month time frame, Autoliv Inc. (NYSE:ALV) has seen zero unique insiders buying, and 10 insider sales (see the details of insider trades here).
Let’s check out hedge fund and insider activity in other stocks similar to Autoliv Inc. (NYSE:ALV). These stocks are Allison Transmission Holdings Inc (NYSE:ALSN), BorgWarner Inc. (NYSE:BWA), Lear Corporation (NYSE:LEA), LKQ Corporation (NASDAQ:LKQ), and TRW Automotive Holdings Corp. (NYSE:TRW). This group of stocks are in the auto parts industry and their market caps match ALV’s market cap.