Is Adecoagro SA (AGRO) A Good Stock To Buy?

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The 700+ hedge funds and money managers tracked by Insider Monkey have already compiled and submitted their 13F filings for the third quarter, which unveil their equity positions as of September 30. We went through these filings, fixed typos and other more significant errors and identified the changes in hedge fund positions. Our extensive review of these public filings is finally over, so this article is set to reveal the smart money sentiment towards Adecoagro SA (NYSE:AGRO).

Is Adecoagro SA (NYSE:AGRO) the right pick for your portfolio? Prominent investors are taking a bearish view. The number of bullish hedge fund positions dropped by 2 lately. At the end of this article we will also compare AGRO to other stocks including Stepan Company (NYSE:SCL), Headwaters Inc (NYSE:HW), and CONMED Corporation (NASDAQ:CNMD) 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.

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What does the smart money think about Adecoagro SA (NYSE:AGRO)?

At Q3’s end, a total of 22 of the hedge funds tracked by Insider Monkey were long this stock, a 8% slide from one quarter earlier. After surging by nearly 100% in Q1, smart money ownership has since dropped in each of the last 2 quarters. With hedge funds’ positions undergoing their usual ebb and flow, there exists a select group of noteworthy hedge fund managers who were upping their holdings substantially (or already accumulated large positions).


When looking at the institutional investors followed by Insider Monkey, George Soros’ Soros Fund Management has the number one position in Adecoagro SA (NYSE:AGRO), worth close to $136 million, corresponding to 3.4% of its total 13F portfolio. The second largest stake is held by Dwight Anderson of Ospraie Management, with a $104.4 million position; 100% of its 13F portfolio is allocated to the stock. Other members of the smart money that hold long positions consist of Edmond M. Safra’s EMS Capital, Zach Schreiber’s Point State Capital, and D E Shaw, founded by David E. Shaw.

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