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How Shaw Communications Inc (USA) (SJR) Stacks Up Against Its Peers

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How do we determine whether Shaw Communications Inc (USA) (NYSE:SJR) makes for a good investment at the moment? We analyze the sentiment of a select group of the very best investors in the world, who spend immense amounts of time and resources studying companies. They may not always be right (no one is), but data shows that their consensus long positions have historically outperformed the market when we adjust for known risk factors.

Shaw Communications Inc (USA) (NYSE:SJR) has seen a decrease in hedge fund interest recently. SJR was in 9 hedge funds’ portfolios at the end of the third quarter of 2016. There were 12 hedge funds in our database with SJR positions at the end of the previous quarter. At the end of this article we will also compare SJR to other stocks including Tesoro Corporation (NYSE:TSO), Autoliv Inc. (NYSE:ALV), and Ally Financial Inc (NYSE:ALLY) to get a better sense of its popularity.

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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.

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Keeping this in mind, we’re going to take a gander at the latest action encompassing Shaw Communications Inc (USA) (NYSE:SJR).

What have hedge funds been doing with Shaw Communications Inc (USA) (NYSE:SJR)?

At the end of the third quarter, a total of 9 of the hedge funds tracked by Insider Monkey were long this stock, a change of -25% from the second quarter of 2016. On the other hand, there were a total of 16 hedge funds with a bullish position in SJR at the beginning of this year. With hedge funds’ sentiment swirling, there exists a select group of noteworthy hedge fund managers who were boosting their stakes significantly (or already accumulated large positions).

HedgeFund

When looking at the institutional investors followed by Insider Monkey, Daniel Bubis’s Tetrem Capital Management has the largest position in Shaw Communications Inc (USA) (NYSE:SJR), worth close to $57.2 million, corresponding to 2.1% of its total 13F portfolio. Coming in second is Cliff Asness of AQR Capital Management, with a $25.5 million position; the fund has less than 0.1%% of its 13F portfolio invested in the stock. Remaining professional money managers with similar optimism contain Jim Simons’s Renaissance Technologies, one of the largest hedge funds in the world, J. Alan Reid, Jr.’s Forward Management and D. E. Shaw’s D E Shaw. We should note that Forward Management is 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.

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