Here is What Hedge Funds Think About Capital Bank Financial Corp (CBF)

With the third-quarter round of 13F filings behind us it is time to take a look at the stocks in which some of the best money managers in the world preferred to invest or sell heading into the fourth quarter. One of these stocks was Capital Bank Financial Corp (NASDAQ:CBF).

Capital Bank Financial Corp was in 5 hedge funds’ portfolios at the end of September. CBF has experienced a decrease in hedge fund interest recently. There were 8 hedge funds in our database with CBF positions at the end of the previous quarter. At the end of this article we will also compare CBF to other stocks, including Headwaters Inc (NYSE:HW), ClubCorp Holdings Inc (NYSE:MYCC), and Park National Corporation (NYSEAMEX:PRK) to get a better sense of its popularity.

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In the eyes of most traders, hedge funds are seen as unimportant, old financial vehicles of the past. While there are greater than 8000 funds with their doors open at the moment, Our experts hone in on the upper echelon of this group, about 700 funds. These hedge fund managers administer most of all hedge funds’ total asset base, and by shadowing their finest picks, Insider Monkey has come up with many investment strategies that have historically surpassed the S&P 500 index. Insider Monkey’s small-cap hedge fund strategy outperformed the S&P 500 index by 12 percentage points per annum for a decade in their back tests.

With all of this in mind, let’s take a look at the latest action surrounding Capital Bank Financial Corp (NASDAQ:CBF).

What have hedge funds been doing with Capital Bank Financial Corp (NASDAQ:CBF)?

At the Q3’s end, a total of 5 of the hedge funds tracked by Insider Monkey were bullish on this stock, a change of -38% from one quarter earlier. With the smart money’s capital changing hands, there exists an “upper tier” of notable hedge fund managers who were increasing their stakes significantly (or already accumulated large positions).

When looking at the institutional investors followed by Insider Monkey, Cliff Asness’ AQR Capital Management has the number one position in Capital Bank Financial Corp (NASDAQ:CBF), worth close to $9.7 million, amounting to less than 0.1%% of its total 13F portfolio. The second largest stake is held by Chuck Royce of Royce & Associates, with a $8.6 million position; less than 0.1%% of its 13F portfolio is allocated to the stock. Other hedge funds and institutional investors that are bullish contain Jim Simons’ Renaissance Technologies, John Overdeck and David Siegel’s Two Sigma Advisors and Peter Muller’s PDT Partners.