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Intralinks Holdings Inc (IL): Hedge Funds Are Snapping Up

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 Intralinks Holdings Inc (NYSE:IL), so let’s take a closer look at the sentiment that surrounds it in the current quarter.

Intralinks Holdings Inc (NYSE:IL) has experienced an increase in support from the world’s most elite money managers in recent months. IL was in 26 hedge funds’ portfolios at the end of September. There were 24 hedge funds in our database with IL holdings at the end of the previous quarter. At the end of this article we will also compare IL to other stocks, including Vera Bradley, Inc. (NASDAQ:VRA), Fidelity Southern Corporation (NASDAQ:LION), and Vanda Pharmaceuticals Inc. (NASDAQ:VNDA) to get a better sense of its popularity.

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In the financial world, there are a multitude of metrics stock market investors use to size up stocks. A pair of the most underrated metrics are hedge fund and insider trading interest. We have shown that, historically, those who follow the best picks of the best fund managers can beat their index-focused peers by a significant margin (see the details here).

With all of this in mind, let’s take a peek at the new action surrounding Intralinks Holdings Inc (NYSE:IL).

What does the smart money think about Intralinks Holdings Inc (NYSE:IL)?

At Q3’s end, a total of 26 of the hedge funds tracked by Insider Monkey were long this stock, an increase of 8% from one quarter earlier. With hedgies’ positions undergoing their usual ebb and flow, there exists a select group of notable hedge fund managers who were increasing their stakes significantly (or already accumulated large positions).

According to Insider Monkey’s hedge fund database, Jim Simons’s Renaissance Technologies has the biggest position in Intralinks Holdings Inc (NYSE:IL), worth close to $20.5 million, amounting to less than 0.1% of its total 13F portfolio. Sitting at the No. 2 spot is Freshford Capital Management, managed by Michael Doheny, which holds a $19.8 million position; the fund has 4.3% of its 13F portfolio invested in the stock. Remaining members of the smart money that are bullish consist of Joshua Nash’s Ulysses Management, Peter S. Park’s Park West Asset Management and J. Carlo Cannell’s Cannell Capital.

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