Hedge Funds and other institutional investors have just completed filing their 13Fs with the Securities and Exchange Commission, revealing their equity portfolios as of the end of September. At Insider Monkey, we follow over 700 of the best-performing investors and by analyzing their 13F filings, we can determine the stocks that they are collectively bullish on. One of their picks is Westwood Holdings Group, Inc. (NYSE:WHG), so let’s take a closer look at the sentiment that surrounds it in the current quarter.
Westwood Holdings Group, Inc. (NYSE:WHG) was in 5 hedge funds’ portfolios at the end of September. Westwood Holdings Group, Inc. (NYSE:WHG) investors should be aware of a decrease in hedge fund interest recently. There were 6 hedge funds in our database with Westwood Holdings Group, Inc. (NYSE:WHG) 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 Pengrowth Energy Corp (USA) (NYSE:PGH), Anika Therapeutics, Inc. (NASDAQ:ANIK), and Uniqure NV (NASDAQ:QURE) to gather more data points.
At the moment, there are a lot of formulas shareholders can use to grade stocks. A pair of the most underrated formulas are hedge fund and insider trading interest. Our experts have shown that, historically, those who follow the best picks of the best fund managers can beat the market by a healthy margin (see the details here).
With all of this in mind, we’re going to take a look at the fresh action surrounding Westwood Holdings Group, Inc. (NYSE:WHG).
What have hedge funds been doing with Westwood Holdings Group, Inc. (NYSE:WHG)?
At the end of the third quarter, a total of 5 of the hedge funds tracked by Insider Monkey were bullish on this stock, a drop of 17% from the second quarter. With hedge funds’ capital changing hands, there exists an “upper tier” of noteworthy hedge fund managers who were increasing their stakes considerably (or already accumulated large positions).
When looking at the institutional investors followed by Insider Monkey, Royce & Associates, managed by Chuck Royce, holds the most valuable position in Westwood Holdings Group, Inc. (NYSE:WHG). Royce & Associates has a $40.9 million position in the stock, comprising 0.2% of its 13F portfolio. The second largest stake is held by Mario Gabelli of GAMCO Investors, with a $34.4 million position; the fund has 0.2% of its 13F portfolio invested in the stock. Other members of the smart money that are bullish consist of Renaissance Technologies, Ken Griffin’s Citadel Investment Group, and John Overdeck and David Siegel’s Two Sigma Advisors.