Insider Monkey has processed numerous 13F filings of hedge funds and famous investors to create an extensive database of hedge fund holdings. The 13F filings show the hedge funds and investors’ positions as of the end of the third quarter. You can find write-ups about an individual hedge fund’s trades on numerous financial news websites. However, in this article we will take a look at their collective moves and analyze what the smart money thinks of Global Sources Ltd. (Bermuda) (NASDAQ:GSOL) based on that data.
Is Global Sources Ltd. (Bermuda) (NASDAQ:GSOL) going to take off soon? The smart money is taking a pessimistic view. The number of long hedge fund positions shrunk by 4 lately. At the end of this article, we will also compare Global Sources Ltd. (Bermuda) (NASDAQ:GSOL) to other stocks, including Cynapsus Therapeutics Inc (NASDAQ:CYNA), Senomyx Inc. (NASDAQ:SNMX), and CRA International, Inc. (NASDAQ:CRAI) to get a better sense of its popularity.
In today’s marketplace, there are plenty of metrics investors have at their disposal to grade publicly traded companies. A couple of the less known metrics are hedge fund and insider trading moves. Our researchers have shown that, historically, those who follow the best picks of the top fund managers can outperform their index-focused peers by a superb amount (see the details here).
With all of this in mind, we’re going to go over the latest action regarding Global Sources Ltd. (Bermuda) (NASDAQ:GSOL).
Hedge fund activity in Global Sources Ltd. (Bermuda) (NASDAQ:GSOL)
Heading into Q4, a total of 5 of the hedge funds tracked by Insider Monkey were bullish on this stock, a drop of 44% from the previous quarter. With the smart money’s sentiment swirling, there exists a few key hedge fund managers who were boosting their stakes substantially (or already accumulated large positions).
Of the funds tracked by Insider Monkey, Mario Gabelli’s GAMCO Investors has the number one position in Global Sources Ltd. (Bermuda) (NASDAQ:GSOL), worth close to $2.8 million, amounting to less than 0.1% of its total 13F portfolio. The second largest stake is held by Two Sigma Advisors, led by John Overdeck and David Siegel, holding a $0.2 million position; less than 0.1% of its 13F portfolio is allocated to the company. The remaining professional money managers with similar optimism comprise Israel Englander’s Millennium Management, and Chuck Royce’s Royce & Associates.