Tyco International Ltd. (NYSE:TYC) investors should be aware of a decrease in support from the world’s most elite money managers of late.
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Keeping this in mind, let’s take a gander at the recent action regarding Tyco International Ltd. (NYSE:TYC).
Hedge fund activity in Tyco International Ltd. (NYSE:TYC)
At year’s end, a total of 40 of the hedge funds we track were bullish in this stock, a change of -31% from one quarter earlier. With the smart money’s positions undergoing their usual ebb and flow, there exists a select group of notable hedge fund managers who were upping their stakes meaningfully.
When looking at the hedgies we track, Iridian Asset Management, managed by David Cohen and Harold Levy, holds the largest position in Tyco International Ltd. (NYSE:TYC). Iridian Asset Management has a $207 million billion position in the stock, comprising 3.4% of its 13F portfolio. Coming in second is Ken Griffin of Citadel Investment Group, with a $178 million position; the fund has 0.3% of its 13F portfolio invested in the stock. Other hedgies that hold long positions include Daniel S. Och’s OZ Management, Jean-Marie Eveillard’s First Eagle Investment Management and Phill Gross and Robert Atchinson’s Adage Capital Management.
Judging by the fact that Tyco International Ltd. (NYSE:TYC) has experienced bearish sentiment from hedge fund managers, it’s safe to say that there were a few hedge funds that slashed their entire stakes at the end of the year. At the top of the heap, Kenneth Mario Garschina’s Mason Capital Management dumped the largest stake of the 450+ funds we monitor, comprising an estimated $184 million in stock.. Cliff Asness’s fund, AQR Capital Management, also dropped its stock, about $163 million worth. These moves are important to note, as total hedge fund interest was cut by 18 funds at the end of the year.
What do corporate executives and insiders think about Tyco International Ltd. (NYSE:TYC)?
Insider trading activity, especially when it’s bullish, is at its handiest when the company in question has experienced transactions within the past six months. Over the last six-month time period, Tyco International Ltd. (NYSE:TYC) has seen 1 unique insiders purchasing, and 1 insider sales (see the details of insider trades here).
With the returns demonstrated by our studies, everyday investors must always keep an eye on hedge fund and insider trading sentiment, and Tyco International Ltd. (NYSE:TYC) shareholders fit into this picture quite nicely.
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