Is Federated Investors Inc (NYSE:FII) a good investment right now? We check hedge fund and billionaire investor sentiment before delving into hours of research. Hedge funds spend millions of dollars on Ivy League graduates, expert networks, and get tips from industry insiders. They fail miserably sometimes but historically their consensus stock picks outperformed the market after adjusting for known risk factors.
Federated Investors Inc (NYSE:FII) has experienced a decrease in support from the world’s most elite money managers in recent months. FII was in 12 hedge funds’ portfolios at the end of the third quarter of 2015. There were 18 hedge funds in our database with FII positions at the end of the previous quarter. The level and the change in hedge fund popularity aren’t the only variables you need to analyze to decipher hedge funds’ perspectives. A stock may witness a boost in popularity but it may still be less popular than similarly priced stocks. That’s why at the end of this article we will examine companies such as Integrated Device Technology, Inc. (NASDAQ:IDTI), SolarWinds Inc (NYSE:SWI), and Synaptics, Incorporated (NASDAQ:SYNA) to gather more data points.
Now, we’re going to take a look at the key action regarding Federated Investors Inc (NYSE:FII).
Hedge fund activity in Federated Investors Inc (NYSE:FII)
Heading into Q4, a total of 12 of the hedge funds tracked by Insider Monkey were bullish on this stock, a change of -33% from the second quarter. With hedgies’ positions undergoing their usual ebb and flow, there exists a select group of notable hedge fund managers who were increasing their stakes meaningfully (or already accumulated large positions).
Of the funds tracked by Insider Monkey, Chuck Royce’s Royce & Associates has the most valuable position in Federated Investors Inc (NYSE:FII), worth close to $164.8 million, accounting for 0.9% of its total 13F portfolio. The second most bullish fund manager is Markel Gayner Asset Management, led by Tom Gayner, holding an $58.1 million position; the fund has 1.5% of its 13F portfolio invested in the stock. Remaining peers that are bullish contain Paul Marshall and Ian Wace’s Marshall Wace LLP, Robert Rodriguez and Steven Romick’s First Pacific Advisors LLC and Lee Munder’s Lee Munder Capital Group.