The successful funds run by legendary investors such as Dan Loeb and David Tepper make hundreds of millions of dollars for themselves and their investors by spending enormous resources doing research on small cap stocks that big investment banks don’t follow. Because of their pay structures, they have strong incentive to do the research necessary to beat the market. That’s why we pay close attention to what they think in small cap stocks. In this article, we take a closer look at Southwest Bancorp, Inc. (NASDAQ:OKSB) from the perspective of those successful funds.
Southwest Bancorp, Inc. (NASDAQ:OKSB) was included in the 13F portfolios of seven investors from our database at the end of September. The company registered an increase in enthusiasm from smart money last quarter. At the end of this article we will also compare OKSB to other stocks including Pennantpark Floating Rate Capital Ltd (NASDAQ:PFLT), Pier 1 Imports, Inc. (NYSE:PIR), and Computer Programs & Systems, Inc. (NASDAQ:CPSI) to get a better sense of its popularity.
At Insider Monkey, we’ve developed an investment strategy that has delivered market-beating returns over the past 12 months. Our strategy identifies the 100 best-performing funds of the previous quarter from among the collection of 700+ successful funds that we track in our database, which we accomplish using our returns methodology. We then study the portfolios of those 100 funds using the latest 13F data to uncover the 30 most popular mid-cap stocks (market caps of between $1 billion and $10 billion) among them to hold until the next filing period. This strategy delivered 18% gains over the past 12 months, more than doubling the 8% returns enjoyed by the S&P 500 ETFs.
Keeping this in mind, let’s go over the new action encompassing Southwest Bancorp, Inc. (NASDAQ:OKSB).
Hedge fund activity in Southwest Bancorp, Inc. (NASDAQ:OKSB)
At Q3’s end, a total of seven funds tracked by Insider Monkey were bullish on this stock, compared to five funds at the end of June. On the other hand, there were seven hedge funds with a bullish position in OKSB at the beginning of this year. So, let’s check out which hedge funds were among the top holders of the stock and which hedge funds were making big moves.
Of the funds tracked by Insider Monkey, Polaris Capital Management, led by Bernard Horn, holds the number one position in Southwest Bancorp, Inc. (NASDAQ:OKSB). Polaris Capital Management has a $14 million position in the stock, comprising 1.1% of its 13F portfolio. Sitting at the No. 2 spot is Jim Simons of Renaissance Technologies, with a $4.5 million position; the fund has less than 0.1%% of its 13F portfolio invested in the stock. Some other peers with similar optimism comprise Amy Minella’s Cardinal Capital, D. E. Shaw’s D E Shaw, and Israel Englander’s Millennium Management. We should note that none of these hedge funds are among our list of the 100 best performing hedge funds which is based on the performance of their 13F long positions in non-microcap stocks.