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Investors Are Buzzing About These 5 Stocks Today

At a time when the broader market is off by nearly 1% and crude prices are 2% lower on the back of continuing worries over slower global growth, Sunedison Inc (NYSE:SUNE), Crestwood Equity Partners LP (NYSE:CEQP), Advanced Semiconductor Engineering (ADR) (NYSE:ASX), BP Prudhoe Bay Royalty Trust (NYSE:BPT), and Silicon Motion Technology Corp. (ADR) (NASDAQ:SIMO) are each on the move. Let’s analyze why these stocks have the attention of investors today and dig into SEC filings to see what hedge funds think about each stock.

Our research has shown that the best strategy is to follow hedge funds into their small-cap picks. This approach can allow monthly returns of nearly 95 basis points above the market, as we determined through extensive backtests covering the period between 1999 and 2012 (see the details here).

Leading off, Sunedison Inc (NYSE:SUNE) shares are 12% higher than yesterday’s close, seemingly on nothing but continued volatility. Shares of the renewable energy developer have gone on a roller-coaster ride over the past week on news that the company might declare bankruptcy because of its liquidity and debt problems. Given the low prices and the fact that 38% of the float is short, some shorts are likely covering and taking profits while daytraders accentuate the intra-day swings. According to SEC filings, 50 elite funds in our system held shares of Sunedison Inc (NYSE:SUNE) at the end of the fourth quarter, down from 73 at the end of the previous quarter.

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Crestwood Equity Partners LP (NYSE:CEQP) is 6% in the green due to rallying natural gas spot prices and the news that it has won a 10-year gas gathering and processing contract from BlueStone Natural Resources II, LLC in the Barnett Shale. Although the financial terms of the contract were not disclosed, Crestwood “will provide services to BlueStone for a period of 10 years under a fixed-fee and percent of proceeds fee structure”. Six elite funds that we track held shares of Crestwood Equity Partners LP (NYSE:CEQP) at the end of 2015.

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On the next page, we examine why Advanced Semiconductor Engineering (ADR), BP Prudhoe Bay Royalty Trust, and Silicon Motion Technology Corp (ADR) are making waves today.

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