Vicor Corp (NASDAQ:VICR) was in 10 hedge funds’ portfolio at the end of December. VICR investors should pay attention to an increase in support from the world’s most elite money managers recently. There were 8 hedge funds in our database with VICR holdings at the end of the previous quarter.
In the financial world, there are tons of methods market participants can use to track Mr. Market. Some of the best are hedge fund and insider trading interest. At Insider Monkey, our research analyses have shown that, historically, those who follow the best picks of the elite fund managers can outperform the market by a significant margin (see just how much).
Just as key, optimistic insider trading sentiment is a second way to parse down the investments you’re interested in. Just as you’d expect, there are a variety of motivations for an executive to downsize shares of his or her company, but just one, very simple reason why they would initiate a purchase. Plenty of empirical studies have demonstrated the useful potential of this strategy if shareholders understand where to look (learn more here).
With these “truths” under our belt, it’s important to take a look at the key action encompassing Vicor Corp (NASDAQ:VICR).
How are hedge funds trading Vicor Corp (NASDAQ:VICR)?
In preparation for this year, a total of 10 of the hedge funds we track were long in this stock, a change of 25% from the third quarter. With hedgies’ sentiment swirling, there exists a few key hedge fund managers who were upping their holdings meaningfully.
When looking at the hedgies we track, Mark Broach’s Manatuck Hill Partners had the most valuable position in Vicor Corp (NASDAQ:VICR), worth close to $11 million, comprising 1.6% of its total 13F portfolio. On Manatuck Hill Partners’s heels is Edward Goodnow of Goodnow Investment Group, with a $5 million position; 0% of its 13F portfolio is allocated to the stock. Remaining hedge funds that are bullish include Phil Frohlich’s Prescott Group Capital Management, Jim Simons’s Renaissance Technologies and Israel Englander’s Millennium Management.
With a general bullishness amongst the heavyweights, key money managers have jumped into Vicor Corp (NASDAQ:VICR) headfirst. Two Sigma Advisors, managed by John Overdeck and David Siegel, created the largest position in Vicor Corp (NASDAQ:VICR). Two Sigma Advisors had 0 million invested in the company at the end of the quarter. Charles Davidson’s Wexford Capital also initiated a $0 million position during the quarter.
What do corporate executives and insiders think about Vicor Corp (NASDAQ:VICR)?
Insider trading activity, especially when it’s bullish, is at its handiest when the company we’re looking at has experienced transactions within the past half-year. Over the latest half-year time period, Vicor Corp (NASDAQ:VICR) has experienced zero unique insiders buying, and zero insider sales (see the details of insider trades here).
Let’s go over hedge fund and insider activity in other stocks similar to Vicor Corp (NASDAQ:VICR). These stocks are KEMET Corporation (NYSE:KEM), American Superconductor Corporation (NASDAQ:AMSC), Maxwell Technologies Inc. (NASDAQ:MXWL), Bel Fuse, Inc. (NASDAQ:BELFB), and Neonode, Inc (NASDAQ:NEON). This group of stocks are the members of the diversified electronics industry and their market caps are similar to VICR’s market cap.
|Company Name||# of Hedge Funds||# of Insiders Buying||# of Insiders Selling|
|KEMET Corporation (NYSE:KEM)||9||2||0|
|American Superconductor Corporation (NASDAQ:AMSC)||5||1||0|
|Maxwell Technologies Inc. (NASDAQ:MXWL)||3||1||2|
|Bel Fuse, Inc. (NASDAQ:BELFB)||4||0||2|
|Neonode, Inc (NASDAQ:NEON)||0||0||0|
With the returns demonstrated by the aforementioned tactics, everyday investors should always watch hedge fund and insider trading sentiment, and Vicor Corp (NASDAQ:VICR) is an important part of this process.
Insider Monkey’s small-cap strategy returned 37% between September 2012 and March 2013 versus 12.9% for the S&P 500 index. Try it now by clicking the link above.